USE OF DIVIDENDS. 6.1 The dividends declared by Phoenix Home Life Mutual Insurance Company on the Policy will be used to purchase Option Term with the balance used to purchase paid-up insurance. 6.2 The dividend option which is specified in paragraph 6.1 of this Article will not be terminated or changed without a conforming amendment to this Agreement and unless such change is done in accordance with the provisions of Part D "Joint Rights" section of the Assignment.
Appears in 6 contracts
Sources: Split Dollar Agreement (Omnicare Inc), Split Dollar Agreement (National Sanitary Supply Co), Split Dollar Agreement (Chemed Corp)
USE OF DIVIDENDS. 6.1 The dividends declared by Phoenix Home Life Mutual Insurance Company on the Policy will be used to purchase Option Term with the balance used to purchase paid-up insurance.
6.2 The dividend option which is specified in paragraph 6.1 of this Article will not be terminated or changed without a conforming amendment to this Agreement and unless such change is done in accordance with the provisions of Part D "Joint Rights" section of the Assignment.provisions
Appears in 2 contracts
Sources: Split Dollar Agreement (Roto Rooter Inc), Split Dollar Agreement (Chemed Corp)
USE OF DIVIDENDS. 6.1 The dividends declared by Phoenix Home Life Mutual Insurance Company on the Policy will be used to purchase Option Term with the balance used to purchase paid-up insurance.
6.2 The dividend option which is specified in paragraph 6.1 of this Article will not be terminated or changed without a conforming amendment to this Agreement and unless such change is done in accordance with the provisions of Part D "Joint Rights" section of the Assignment.such
Appears in 1 contract
Sources: Split Dollar Agreement (Chemed Corp)
USE OF DIVIDENDS. 6.1 The dividends declared by Phoenix Home Life Mutual Insurance Company on the Policy will be 4 used to purchase Option Term with the balance used to purchase paid-up insurance.
6.2 The dividend option which is specified in paragraph 6.1 of this Article will not be terminated or changed without a conforming amendment to this Agreement and unless such change is done in accordance with the provisions of Part D "Joint Rights" section of the Assignment.
Appears in 1 contract
USE OF DIVIDENDS. 6.1 The dividends declared by Phoenix Home Life Mutual Insurance Company on the Policy will be used to purchase Option Term with the balance used to purchase paid-up insurance.
6.2 The dividend option which is specified in paragraph 6.1 of this Article will not be terminated or changed without a conforming amendment to this Agreement and unless such change is done in accordance with the provisions of Part D "Joint Rights" section of the Assignment.
Appears in 1 contract
Sources: Split Dollar Agreement (Chemed Corp)