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Split Dollar Insurance Agreement
Split Dollar Insurance Agreement (23K)
Doc #178564: Click preview link for longer preview.
SPLIT DOLLAR INSURANCE AGREEMENT
THIS SPLIT DOLLAR INSURANCE AGREEMENT (the "Agreement") is entered into effective the 6th day of May, 1998, by Marsh Supermarkets, Inc., an Indiana corporation (the "Company") and Douglas W. Dougherty ("Owner").
R E C I T A L S :
A. The Owner has acquired a policy of life insurance in the face amount of One Million Dollars ($1,000,000) (the "Policy"), issued by Massachusetts Mutual Life Insurance Company (the "Insurer"), insuring the life of Douglas W. Dougherty, an employee of the Company (the "Insured"), which Policy is described in Exhibit A attached hereto and make a part hereof.
B. The Owner desires to maintain life insurance on the life of the Insured for the beneficiaries and desires that such life insurance have an equity or cash value feature. The Owner is willing to pay life insurance premiums equal to the annual cost of current life insurance protection on the life of the Insured as measured by the lower of the PS-58 rate, set forth in the then applicable Internal Revenue Service Revenue Ruling, or the Insurer's current published premium rate of annually renewable term insurance for standard risks. The Company, in the interests of the Insured as a valuable employee of the Company and his family, and as an investment of Company assets, desires to pay the balance of the annual premium due. The only interest of the Company with respect to the Policy is the payment due to the Company by reason of its advances of the premiums due with respect to the Policy as hereinafter described.
C. The Owner is the owner of the Policy and possesses all incidents of ownership in and to the Policy.
D. In order to secure the recovery of the advances by the Company with respect to the Policy ("Company Advances") in the event of the termination of this Agreement, the Company wishes to have a limited collateral assignment of death benefits payable to the Owner under the policy and cash values accumulated in favor of the Owner under the policy.
E. The parties intend that by such collateral assignment the Company shall have only the right to receive recovery of the Company Advances under this Agreement, with the Owner retaining all other ownership rights in the Policy, as specified in this Agreement.
A G R E E M E N T
NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties agree as follows:
1. Ownership. The Owner shall be the sole and absolute owner of the Policy and shall have the exclusive right to exercise all ownership rights granted by the terms of the Policy,
178564
|
Marsh
As referenced in this Split Dollar Insurance Agreement:
Marsh Supermarkets, Inc. – AGREEMENT D DOUGHERTY
{TEXT}
{PAGE}
Exhibit 10(ab)
SPLIT DOLLAR INSURANCE AGREEMENT
THIS SPLIT DOLLAR INSURANCE AGREEMENT (the "Agreement") is entered into
effective the 6th day of May, 1998, by Marsh Supermarkets, Inc. , an Indiana
corporation (the "Company") and Douglas W. Dougherty ("Owner").
R E C I T A L S :
A. The Owner has acquired a policy of life insurance in _____________
Marsh Supermarkets, Inc. – required or permitted to
be given under the provisions of this Agreement shall be sent by certified mail
to:
Owner: Douglas W. Dougherty
9974 Parkway Drive
Fishers, IN 46038
Company: Marsh Supermarkets, Inc.
9800 Crosspoint Boulevard
Indianapolis, Indiana 46256-3350
Notice shall be effective when received by the recipient.
17. Governing Law. This Agreement shall be governed by and construed in
accordance _____________
MARSH SUPERMARKETS, INC. – governed by and construed in
accordance with the laws of the State of Indiana.
IN WITNESS WHEREOF the parties have signed this Agreement effective
this 6th day of May, 1998.
MARSH SUPERMARKETS, INC.
By: /s/
-----------------------------------
/s/ Douglas W. Dougherty
--------------------------------------
DOUGLAS W. DOUGHERTY
6
{PAGE}
EXHIBIT A
to
Split Dollar Insurance Agreement, dated May 6, 1998
The following life insurance policy is subject _____________
Marsh Supermarkets, Inc. – OF ISSUE: May 6, 1998
EXHIBIT A
7
{PAGE}
LIMITED COLLATERAL ASSIGNMENT
This Assignment is made effective this 6th day of May, 1998, by the
undersigned (herein called "Owner"), to Marsh Supermarkets, Inc. (herein called
"Company"), its successors and assigns.
1. The subject of this Assignment is a certain life insurance policy
no. 0 11 548 680 issued by Massachusetts Mutual Life _____________
dt 1507052
;
| Douglas W. Dougherty
|
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Split Dollar Insurance Agreement
Split Dollar Insurance Agreement (23K)
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SPLIT DOLLAR INSURANCE AGREEMENT
THIS SPLIT DOLLAR INSURANCE AGREEMENT (the "Agreement") is entered into effective the 22nd day of October, 1997, by Marsh Supermarkets, Inc., an Indiana corporation (the "Company") and P. Lawrence Butt ("Owner").
R E C I T A L S :
A. The Owner has acquired a policy of life insurance in the face amount of One Million Dollars ($1,000,000) (the "Policy"), issued by Massachusetts Mutual Life Insurance Company (the "Insurer"), insuring the life of P. Lawrence Butt, an employee of the Company (the "Insured"), which Policy is described in Exhibit A attached hereto and make a part hereof.
B. The Owner desires to maintain life insurance on the life of the Insured for the beneficiaries and desires that such life insurance have an equity or cash value feature. The Owner is willing to pay life insurance premiums equal to the annual cost of current life insurance protection on the life of the Insured as measured by the lower of the PS-58 rate, set forth in the then applicable Internal Revenue Service Revenue Ruling, or the Insurer's current published premium rate of annually renewable term insurance for standard risks. The Company, in the interests of the Insured as a valuable employee of the Company and his family, and as an investment of Company assets, desires to pay the balance of the annual premium due. The only interest of the Company with respect to the Policy is the payment due to the Company by reason of its advances of the premiums due with respect to the Policy as hereinafter described.
C. The Owner is the owner of the Policy and possesses all incidents of ownership in and to the Policy.
D. In order to secure the recovery of the advances by the Company with respect to the Policy ("Company Advances") in the event of the termination of this Agreement, the Company wishes to have a limited collateral assignment of death benefits payable to the Owner under the policy and cash values accumulated in favor of the Owner under the policy.
E. The parties intend that by such collateral assignment the Company shall have only the right to receive recovery of the Company Advances under this Agreement, with the Owner retaining all other ownership rights in the Policy, as specified in this Agreement.
A G R E E M E N T
NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties agree as follows:
1. Ownership. The Owner shall be the sole and absolute owner of the Policy and shall have the exclusive right to exercise all ownership rights granted by the terms of the Policy,
178565
|
Marsh
As referenced in this Split Dollar Insurance Agreement:
Marsh Supermarkets, Inc. – P L BUTT
{TEXT}
{PAGE}
Exhibit 10(ac)
SPLIT DOLLAR INSURANCE AGREEMENT
THIS SPLIT DOLLAR INSURANCE AGREEMENT (the "Agreement") is entered into
effective the 22nd day of October, 1997, by Marsh Supermarkets, Inc. , an Indiana
corporation (the "Company") and P. Lawrence Butt ("Owner").
R E C I T A L S :
A. The Owner has acquired a policy of life insurance in _____________
Marsh Supermarkets, Inc. – required or permitted to
be given under the provisions of this Agreement shall be sent by certified mail
to:
Owner: P. Lawrence Butt
12745 Olio Road
Noblesville, IN 46060
Company: Marsh Supermarkets, Inc.
9800 Crosspoint Boulevard
Indianapolis, Indiana 46256-3350
Notice shall be effective when received by the recipient.
17. Governing Law. This Agreement shall be governed by and construed in
accordance _____________
MARSH SUPERMARKETS, INC. – governed by and construed in
accordance with the laws of the State of Indiana.
IN WITNESS WHEREOF the parties have signed this Agreement effective
this 22nd day of October, 1997.
MARSH SUPERMARKETS, INC.
By: /s/
-----------------------------------
/s/ P. Lawrence Butt
--------------------------------------
P. LAWRENCE BUTT
6
{PAGE}
EXHIBIT A
to
Split Dollar Insurance Agreement, dated October 22, 1997
The following life insurance policy is subject _____________
Marsh Supermarkets, Inc. – OF ISSUE: October 22, 1997
EXHIBIT A
7
{PAGE}
LIMITED COLLATERAL ASSIGNMENT
This Assignment is made effective this 22nd day of October, 1997, by
the undersigned (herein called "Owner"), to Marsh Supermarkets, Inc. (herein
called "Company"), its successors and assigns.
1. The subject of this Assignment is a certain life insurance policy
no. 0 11 524 475 issued by Massachusetts Mutual Life _____________
dt 1507053
;
| P. Lawrence Butt
|
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Split Dollar Insurance Agreement
Split Dollar Insurance Agreement (24K)
Doc #178566: Click preview link for longer preview.
SPLIT DOLLAR INSURANCE AGREEMENT
THIS SPLIT DOLLAR INSURANCE AGREEMENT (the "Agreement") is entered into effective the ____ day of January, 1997, by Marsh Supermarkets, Inc., an Indiana corporation (the "Company"), and American National Trust and Investment Management Company, Trustee of the Don E. Marsh 1983 Irrevocable Trust for Children dated March 9, 1983 ("Owner").
R E C I T A L S:
A. The Owner has acquired a policy of life insurance in the face amount of One Million Five Hundred Thousand Dollars ($1,500,000) (the "Policy"), issued by Massachusetts Mutual Life Insurance Company (the "Insurer"), insuring the life of Don E. Marsh, an employee of the Company (the "Insured"), which Policy is described in Exhibit A attached hereto and make a part hereof.
B. The Owner is the Trustee of an irrevocable trust for the benefit of certain family members of the Insured. The Owner desires to maintain life insurance on the life of the Insured for the beneficiaries of such trust and desires that such life insurance have an equity or cash value feature. The Owner is willing to pay life insurance premiums equal to the annual cost of current life insurance protection on the life of the Insured as measured by the lower of the PS-58 rate, set forth in the then applicable Internal Revenue Service Revenue Ruling, or the Insurer's current published premium rate of annually renewable term insurance for standard risks. The Company, in the interests of the Insured as a valuable employee of the Company and his family, and as an investment of Company assets, desires to pay the balance of the annual premium due. The only interest of the Company with respect to the Policy is the payment due to the Company by reason of its advances of the premiums due with respect to the Policy as hereinafter described.
C. The Owner is the owner of the Policy and possesses all incidents of ownership in and to the Policy.
D. In order to secure the recovery of the advances by the Company with respect to the Policy ("Company Advances") in the event of the termination of this Agreement, the Company wishes to have a limited collateral assignment of death benefits payable to the Owner under the policy and cash values accumulated in favor of the Owner under the policy.
E. The parties intend that by such collateral assignment the Company shall have only the right to receive recovery of the Company Advances under this Agreement, with the Owner retaining all other ownership rights in the Policy, as specified in this Agreement.
A G R E E M E N T
NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties agree as follows:
1. Ownership. The Owner shall be the sole and absolute owner of the Policy and shall have the exclusive right to exercise all ownership rights granted by the terms of the Policy, including, but not limited to, the rights to designate beneficiaries, select settlement and dividend options, borrow on the security of the Policy and to surrender or cancel the Policy. All such rights may be exercised by the Owner without the Company's consent. With respect to the exercise of the right to borrow on the security of the Policy, the Owner agrees that the Owner will not borrow on the security of the Policy in any manner so as to impair the security of the Company under any collateral assignment executed
178566
|
Marsh
As referenced in this Split Dollar Insurance Agreement:
Marsh Supermarkets, Inc. – INSURANCE AGREEMENT TRUST
{TEXT}
{PAGE}
Exhibit 10(ad)
SPLIT DOLLAR INSURANCE AGREEMENT
THIS SPLIT DOLLAR INSURANCE AGREEMENT (the "Agreement") is entered into
effective the ____ day of January, 1997, by Marsh Supermarkets, Inc. , an Indiana
corporation (the "Company"), and American National Trust and Investment
Management Company, Trustee of the Don E. Marsh 1983 Irrevocable Trust for
Children dated March 9, 1983 ("Owner").
_____________
Marsh Supermarkets, Inc. – under the provisions of this Agreement shall be sent by certified mail
to:
Owner: American National Trust and Investment
Management Company, Trustee
320 South High Street
Muncie, Indiana 47305
Company: Marsh Supermarkets, Inc.
9800 Crosspoint Boulevard
Indianapolis, Indiana 46256-3350
Notice shall be effective when received by the recipient.
17. Governing Law. This Agreement shall be governed by and construed in
accordance _____________
MARSH SUPERMARKETS, INC. – governed by and construed in
accordance with the laws of the State of Indiana.
IN WITNESS WHEREOF the parties have signed this Agreement effective
this ___ day of January, 1997.
MARSH SUPERMARKETS, INC.
By: /s/ Douglas W. Dougherty
------------------------------------
American National Trust and Investment
Management Company
By: /s/ Tom Hinley--Trust Administrator
---------------------------------------
Trustee
Don E. Marsh 1983 Irrevocable Trust for
Children dated March _____________
Marsh Supermarkets, Inc. – DATE OF ISSUE: ______________, 19____
EXHIBIT A
6
{PAGE}
LIMITED COLLATERAL ASSIGNMENT
This Assignment is made effective this ____ day of January, 1997, by
the undersigned (herein called "Owner"), to Marsh Supermarkets, Inc. (herein
called "Company"), its successors and assigns.
1. The subject of this Assignment is a certain life insurance policy
no. __________ issued by Massachusetts Mutual Life Insurance Company
(herein _____________
dt 1507054
;
American National Trust and Investment Management Company;
| Don E. Marsh 1983 Irrevocable Trust for Children
|
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Split Dollar Insurance Agreement
Split Dollar Insurance Agreement (23K)
Doc #178567: Click preview link for longer preview.
SPLIT DOLLAR INSURANCE AGREEMENT
THIS SPLIT DOLLAR INSURANCE AGREEMENT (the "Agreement") is entered into effective the 17th day of January, 2002, by Marsh Supermarkets, Inc., an Indiana corporation (the "Company"), and Don E. Marsh, Trustee u/a David A. Marsh Irrevocable Trust dated January 16, 2002 ("Owner").
R E C I T A L S:
A. The Owner has acquired a policy of life insurance in the face amount of Two Million Dollars ($2,000,000) (the "Policy"), issued by Massachusetts Mutual Life Insurance Company (the "Insurer"), insuring the life of David A. Marsh, an employee of the Company (the "Insured"), which Policy is described in Exhibit A attached hereto and make a part hereof.
B. The Owner desires to maintain life insurance on the life of the Insured for the beneficiaries and desires that such life insurance have an equity or cash value feature. The Owner is willing to pay life insurance premiums equal to the annual cost of current life insurance protection on the life of the Insured as measured by the lower of the PS-58 rate, set forth in the then applicable Internal Revenue Service Revenue Ruling, or the Insurer's current published premium rate of annually renewable term insurance for standard risks. The Company, in the interests of the Insured as a valuable employee of the Company and his family, and as an investment of Company assets, desires to pay the balance of the annual premium due. The only interest of the Company with respect to the Policy is the payment due to the Company by reason of its advances of the premiums due with respect to the Policy as hereinafter described.
C. The Owner is the owner of the Policy and possesses all incidents of ownership in and to the Policy.
D. In order to secure the recovery of the advances by the Company with respect to the Policy ("Company Advances") in the event of the termination of this Agreement, the Company wishes to have a limited collateral assignment of death benefits payable to the Owner under the policy and cash values accumulated in favor of the Owner under the policy.
E. The parties intend that by such collateral assignment the Company shall have only the right to receive recovery of the Company Advances under this Agreement, with the Owner retaining all other ownership rights in the Policy, as specified in this Agreement.
A G R E E M E N T
NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties agree as follows:
1. Ownership. The Owner shall be the sole and absolute owner of the Policy and shall have the exclusive right to exercise all ownership rights granted by the terms of the Policy, including, but not limited to, the rights to designate beneficiaries, select settlement and dividend options, borrow on the security of the Policy and to surrender or cancel the Policy. All such rights may be exercised by the Owner without the Company's consent. With respect to the exercise of the right to borrow on the security of the Policy, the Owner agrees that the Owner will not borrow on the security of the Policy in any manner so as to impair the security of the Company under any collateral assignment executed
178567
|
Marsh
As referenced in this Split Dollar Insurance Agreement:
Marsh Supermarkets, Inc. – D A MARSH
{TEXT}
{PAGE}
Exhibit 10(ae)
SPLIT DOLLAR INSURANCE AGREEMENT
THIS SPLIT DOLLAR INSURANCE AGREEMENT (the "Agreement") is entered into
effective the 17th day of January, 2002, by Marsh Supermarkets, Inc. , an Indiana
corporation (the "Company"), and Don E. Marsh, Trustee u/a David A. Marsh
Irrevocable Trust dated January 16, 2002 ("Owner").
R E C I T A L _____________
Marsh Supermarkets, Inc. – be sent by certified mail
to:
Owner: Don E. Marsh
Trustee u/a David A. Marsh Irrevocable Trust
dated January 16, 2002
2042 St. Andrews Court
Carmel, Indiana 46032
Company: Marsh Supermarkets, Inc.
9800 Crosspoint Boulevard
Indianapolis, Indiana 46256-3350
Notice shall be effective when received by the recipient.
17. Governing Law. This Agreement shall be governed by and construed in
accordance _____________
MARSH SUPERMARKETS, INC. – governed by and construed in
accordance with the laws of the State of Indiana.
IN WITNESS WHEREOF the parties have signed this Agreement effective
this 17th day of January, 2002.
MARSH SUPERMARKETS, INC.
By: /s/
-----------------------------------
/s/ Don E. Marsh
--------------------------------------
DON E. MARSH, TRUSTEE U/A
DAVID A. MARSH IRREVOCABLE TRUST,
DATED JANUARY 16, 2002
5
{PAGE}
EXHIBIT A
to
Split Dollar Insurance _____________
Marsh Supermarkets, Inc. – OF ISSUE: January 18, 2002
EXHIBIT A
6
{PAGE}
LIMITED COLLATERAL ASSIGNMENT
This Assignment is made effective this 17th day of January, 2002, by
the undersigned (herein called "Owner"), to Marsh Supermarkets, Inc. (herein
called "Company"), its successors and assigns.
1. The subject of this Assignment is a certain life insurance policy
no. 11 179 827 issued by Massachusetts Mutual Life Insurance _____________
dt 1507055
;
Don E. Marsh;
| David A. Marsh Irrevocable Trust
|
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Split Dollar Insurance Agreement
Split Dollar Insurance Agreement (7K)
Doc #179376: Click preview link for longer preview.
SPLIT DOLLAR INSURANCE AGREEMENT
THIS AGREEMENT made this of , by and between JO-ANN STORES, INC., an Ohio corporation (the "Company") and _____________ (the "Employee"),
W I T N E S S E T H:
WHEREAS, the Employee has performed his duties in a capable and efficient manner and is a valued employee of the Company and has indicated his intention to continue such services, and the Company desires that he do so; and
WHEREAS, in the continuation of such relationship, the parties desire to establish an arrangement in order to provide insurance protection for the benefit of the Employee;
NOW, THEREFORE, in consideration of the services rendered and to be rendered by the Employee and of the mutual covenants contained herein, the parties hereto agree as follows:
179376
|
Jo-Ann Stores
As referenced in this Split Dollar Insurance Agreement:
JO-ANN STORES, INC. – TYPE}EX-10.1
{SEQUENCE}5
{FILENAME}l00050bexv10w1.txt
{DESCRIPTION}EXHIBIT 10.1
{TEXT}
{PAGE}
EXHIBIT 10.1
SPLIT DOLLAR INSURANCE AGREEMENT
THIS AGREEMENT made this of , by and between
JO-ANN STORES, INC. , an Ohio corporation (the "Company") and _____________ (the
"Employee"),
W I T N E S S E T H:
WHEREAS, the Employee has performed his duties in a capable
_____________
JO-ANN STORES, INC. – rights
thereunder shall be extinguished.
IN WITNESS WHEREOF, the parties have hereunto set their hands,
the Company by its duly authorized officers on the day and year first above
written.
JO-ANN STORES, INC.
By:
------------------------------------- -------------------
Alan Rosskamm, Chairman of the Board, Employee
President and Chief Executive Officer
By:
-------------------------------------
Valerie Gentile Sachs, Secretary
{/TEXT}
{/DOCUMENT} _____________
dt 1445311
| |
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Split Dollar Insurance Agreement
Split Dollar Insurance Agreement (8K)
Doc #180167: Click preview link for longer preview.
SPLIT DOLLAR INSURANCE AGREEMENT
THIS AGREEMENT is made and entered into this 31st day of July 1987, by and between DEB SHOPS, INC. (the "Assignee"), and JACK A ROUNICK and STUART SAVETT, Trustees under the Rounick Family Irrevocable Insurance Trust dated October 27, 1986 (the "Owner").
NOW, THEREFORE, the Assignee and Owner agree as follows:
180167
|
Deb Shops
As referenced in this Split Dollar Insurance Agreement:
DEB SHOPS, INC – 10-2.2
SPLIT DOLLAR INSURANCE AGREEMENT
THIS AGREEMENT is made and entered into this 31st day of July 1987, by
and between DEB SHOPS, INC . (the "Assignee"), and JACK A ROUNICK and STUART
SAVETT, Trustees under the Rounick Family Irrevocable Insurance Trust dated
October 27, 1986 (the " _____________
DEB SHOPS, INC – the rights of the parties
hereunder, shall be governed by and construed pursuant to the laws of the State
of Pennsylvania.
Assignee:
ATTEST: DEB SHOPS, INC .
/s/ Warren Weiner, Secretary By: /s/ Marvin Rounick, President
---------------------------- ------------------------------
Warren Weiner, Secretary Marvin Rounick, President
WITNESS Owner:
ROUNICK FAMILY IRREVOCABLE INSURANCE
TRUST
/ _____________
dt 506979
;
Jack A. Rounick;
| Stuart Savett
|
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Split Dollar Insurance Agreement
Split Dollar Insurance Agreement (8K)
Doc #180169: Click preview link for longer preview.
SPLIT DOLLAR INSURANCE AGREEMENT
THIS AGREEMENT is made and entered into this 31st day of July 1987, by and between DEB SHOPS, INC. (the "Assignee"), and BARRY H. FRANK and ROBERT SHEIN, Trustees under the Weiner Family Irrevocable Insurance Trust dated October 27, 1986 (the "Owner").
NOW, THEREFORE, the Assignee and Owner agree as follows:
180169
|
Deb Shops
As referenced in this Split Dollar Insurance Agreement:
DEB SHOPS, INC – 10-3.2
SPLIT DOLLAR INSURANCE AGREEMENT
THIS AGREEMENT is made and entered into this 31st day of July 1987, by
and between DEB SHOPS, INC . (the "Assignee"), and BARRY H. FRANK and ROBERT
SHEIN, Trustees under the Weiner Family Irrevocable Insurance Trust dated
October 27, 1986 (the " _____________
dt 506981
;
Barry H. Frank;
| Robert Shein
|
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Split Dollar Life Insurance Agreement
Split Dollar Life Insurance Agreement (20K)
Doc #181437: Click preview link for longer preview.
SPLIT DOLLAR LIFE INSURANCE AGREEMENT
This Agreement made and entered into the 23rd day of January, 2002, between GROUP 1 AUTOMOTIVE, INC., a Delaware Corporation (hereinafter called the "Corporation") and LESLIE HOLLINGSWORTH and LEIGH HOLLINGSWORTH COPELAND, as Trustees of the Hollingsworth 2000 Children's Trust dated June 28, 2000 (the "Trustee"), with respect to insurance on the joint lives of B.B. HOLLINGSWOTH, JR. (the "Employee") and STARLETT WILSON HOLLINGSWORTH (the "Employee's spouse), referred to collective as the "Insureds."
WHEREAS, the services of the Employee, the Employee's experience and knowledge of the affairs of the Corporation, and the Employee's reputation and contacts in the industry are extremely valuable to the Corporation; and
WHEREAS, the Corporation desires that the Employee remain in its service and wishes to receive the benefit of the Employee's knowledge, experience, reputation and contacts; and
WHEREAS, the Corporation is willing to encourage the Employee's continued service to the Corporation by joining with the Trustee for the mutual benefit of the parties hereto in an investment of life insurance on the lives of the Insureds; and
WHEREAS, the Trustee will be the owner of the insurance policies on the Insureds' lives acquired pursuant to the terms of this Agreement, and the policies will be assigned to the Corporation as security for repayment of the amounts which the Corporation will contribute towards payment of premiums due on such policies;
NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements herein contained, the Corporation and the Trustee agree as follows:
{PAGE}
ARTICLE I
Insurance Policies
The Trustee has insured the lives of the Insureds under the policy or policies shown on the attached Schedule A in the amounts as shown on such schedule (such policy, together with any other policies that may be added to this Agreement, are hereinafter called the "insurance policies").
ARTICLE II
Premium Payments
2.1 The Corporation shall pay the entire premium on the policies each year. Premium payments shall be made by the Corporation for a minimum of seven years.
2.2 With respect to each policy, the Employee shall report as compensation each year, an amount equal to the one-year term cost of the insurance protection to which the Trustee is entitled under such policy pursuant to the terms of this Agreement, including any insurance purchased by dividends, as such cost is determined in Rev. Rul. 64-328 and Rev. Rul. 66-110, which shall be the lesser of the following: (1) an amount determined in accordance with the tables set forth in Rev. Rul. 55-747 (called the "P.S. 58 Cost"), or in corresponding U.S. Treasury Department rulings and regulations hereafter in effect; or (2) the published one-year term rates of the insurance company issuing such coverage, pursuant to the guidelines set forth in Rev. Rul. 66-110 and Rev. Rul. 67-154.
ARTICLE III
Corporation's Investment
3.1 The Corporation's investment ("Corporation's investment") in each insurance policy shall be the amounts paid by the Corporation as premiums on such policy, over and above the amounts reported as compensation by the Employee under the terms of Article II on such policy, and less the amount of any indebtedness which may exist against said policy and any interest
181437
|
Group 1
As referenced in this Split Dollar Life Insurance Agreement:
GROUP 1 AUTOMOTIVE, INC. – txt
{DESCRIPTION}SPLIT DOLLAR LIFE INSURANCE AGREEMENT
{TEXT}
{PAGE}
EXHIBIT 10.36
SPLIT DOLLAR LIFE INSURANCE AGREEMENT
This Agreement made and entered into the 23rd day of January, 2002,
between GROUP 1 AUTOMOTIVE, INC. , a Delaware Corporation (hereinafter called the
"Corporation") and LESLIE HOLLINGSWORTH and LEIGH HOLLINGSWORTH COPELAND, as
Trustees of the Hollingsworth 2000 Children's Trust dated June 28, 2000 (the
"Trustee"), _____________
GROUP 1 AUTOMOTIVE, INC. – administrators, executors, assigns and successors of the parties to
this agreement.
IN WITNESS WHEREOF, the parties hereto have executed this agreement
as of the day and year first above written.
GROUP 1 AUTOMOTIVE, INC.
By
/s/ John H. Duncan
-------------------------------------
/s/ B.B. Hollingsworth, Jr.
-------------------------------------
Chairman, President, CEO
{PAGE}
HOLLINGSWORTH 2000 CHILDREN'S TRUST
By: /s/ Leslie Hollingsworth
---------------------------------
LESLIE HOLLINGSWORTH, Trustee
By: /s/ Leigh _____________
GROUP 1
AUTOMOTIVE, INC. – Hollingsworth Copeland
---------------------------------
LEIGH HOLLINGSWORTH COPELAND,
Trustee
{PAGE}
SCHEDULE A
The insurance policies subject to the foregoing Split Dollar Life
Insurance Agreement entered into the 23rd day of January, 2002, with GROUP 1
AUTOMOTIVE, INC. are as follows:
{TABLE}
FACE
COMPANY POLICY NO. AMOUNT
------- ---------- ------
{S} {C} {C}
Pacific Life Insurance VP62522200 $7,799,697
{/TABLE}
GROUP 1 AUTOMOTIVE, INC.
By
/s/ John H. Duncan
-------------------------------------
/ _____________
GROUP 1 AUTOMOTIVE, INC. – 23rd day of January, 2002, with GROUP 1
AUTOMOTIVE, INC. are as follows:
{TABLE}
FACE
COMPANY POLICY NO. AMOUNT
------- ---------- ------
{S} {C} {C}
Pacific Life Insurance VP62522200 $7,799,697
{/TABLE}
GROUP 1 AUTOMOTIVE, INC.
By
/s/ John H. Duncan
-------------------------------------
/s/ B.B. Hollingsworth, Jr.
-------------------------------------
Chairman, President, CEO
HOLLINGSWORTH 2000 CHILDREN'S TRUST
By: /s/ Leslie Hollingsworth
---------------------------------
LESLIE HOLLINGSWORTH, Trustee
By: /s/ Leigh Hollingsworth _____________
GROUP
1 AUTOMOTIVE, INC. – HOLLINGSWORTH, Trustee
By: /s/ Leigh Hollingsworth Copeland
---------------------------------
LEIGH HOLLINGSWORTH COPELAND,
Trustee
{PAGE}
SPLIT_DOLLAR
ASSIGNMENT OF LIFE INSURANCE
DEATH BENEFIT AS COLLATERAL
A. FOR VALUE RECEIVED, the undersigned hereby assigns to GROUP
1 AUTOMOTIVE, INC. , a Delaware corporation, its successors and assigns (herein
called the "Assignee"), the death benefit under Policy No. VP62522200, issued by
Pacific Life Insurance(herein called the "Insurer") and any _____________
dt 1444945
;
Leslie Hollingsworth;
| Leigh Hollingsworth Copeland
|
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Insurance Agreement
Insurance Agreement (14K)
Doc #723749: Click preview link for longer preview.
INSURANCE AGREEMENT
INSURANCE AGREEMENT, dated as of January 1, 2002, by and
between BARNES & NOBLE, INC., a Delaware corporation having an office located at
122 Fifth Avenue, New York, New York 10011 ("B&N") and GAMESTOP CORP., a
Delaware corporation having an office located at 2250 William D. Tate Avenue,
Grapevine, Texas 76051 ("GameStop").
W I T N E S S E T H:
WHEREAS, B&N and GameStop desire to enter into this Insurance
Agreement pursuant to which . . .
723749
|
Barnes & Noble
As referenced in this Insurance Agreement:
BARNES & NOBLE, INC. – EX-10.3
{SEQUENCE}7
{FILENAME}y52657a3ex10-3.txt
{DESCRIPTION}INSURANCE AGREEMENT
{TEXT}
{PAGE}
Exhibit 10.3
INSURANCE AGREEMENT
INSURANCE AGREEMENT, dated as of January 1, 2002, by and
between BARNES & NOBLE, INC. , a Delaware corporation having an office located at
122 Fifth Avenue, New York, New York 10011 ("B&N") and GAMESTOP CORP., a
Delaware corporation having an office located at _____________
Barnes & Noble, Inc. – by hand, by nationally
recognized overnight courier, or by certified or registered first class United
States mail, return receipt requested, postage prepaid, addressed as follows:
If to B&N, to:
Barnes & Noble, Inc.
122 Fifth Avenue
New York, New York 10011
Attn: Chief Financial Officer
If to GameStop to:
GameStop Corp.
2250 William D. Tate Avenue
Grapevine, Texas 76051
Attn: Chief Financial _____________
BARNES & NOBLE, INC. – original and all of which together shall constitute
one and the same Agreement.
IN WITNESS WHEREOF, the undersigned have executed this
Insurance Agreement as of the date first above written.
BARNES & NOBLE, INC.
By: /s/ Maureen O'Connell
------------------------------
Name: Maureen O'Connell
Title: Chief Financial Officer
GAMESTOP CORP.
-5-
{PAGE}
By: /s/ David Carlson
-----------------------------
Name: David Carlson
Title: Chief Financial Officer
{/TEXT}
{/ _____________
dt 1508171
;
|
GameStop
As referenced in this Insurance Agreement:
GAMESTOP CORP. – as of January 1, 2002, by and
between BARNES & NOBLE, INC., a Delaware corporation having an office located at
122 Fifth Avenue, New York, New York 10011 ("B&N") and GAMESTOP CORP. , a
Delaware corporation having an office located at 2250 William D. Tate Avenue,
Grapevine, Texas 76051 ("GameStop").
W I T N E S S E T H:
WHEREAS, B& _____________
GameStop Corp. – requested, postage prepaid, addressed as follows:
If to B&N, to:
Barnes & Noble, Inc.
122 Fifth Avenue
New York, New York 10011
Attn: Chief Financial Officer
If to GameStop to:
GameStop Corp.
2250 William D. Tate Avenue
Grapevine, Texas 76051
Attn: Chief Financial Officer
Any party may change its address for notices in the manner set
forth in this Section 5.
_____________
GAMESTOP CORP. – the undersigned have executed this
Insurance Agreement as of the date first above written.
BARNES & NOBLE, INC.
By: /s/ Maureen O'Connell
------------------------------
Name: Maureen O'Connell
Title: Chief Financial Officer
GAMESTOP CORP.
-5-
{PAGE}
By: /s/ David Carlson
-----------------------------
Name: David Carlson
Title: Chief Financial Officer
{/TEXT}
{/DOCUMENT} _____________
dt 1447577
|
Preview
Full Doc
 | 2004 |
Quota Share Retrocession Agreement
Quota Share Retrocession Agreement (55K)
Doc #966732: Click preview link for longer preview.
Exhibit 10.14
QUOTA SHARE RETROCESSION AGREEMENT
This Quota Share Retrocession Agreement (this Agreement), dated as of
April 28, 2004, is made and entered into by and between ASSURED GUARANTY
CORP., formerly known as ACE GUARANTY CORP. (the Retrocedent), an insurance
company organized and licensed under the laws of the State of Maryland, and ACE
TEMPEST RE USA, INC. for and on behalf of ACE AMERICAN INSURANCE COMPANY (the
Retrocessionaire), a Pennsylvania insurance company.
In consideration of the mutual . . .
966732
|
Costco
As referenced in this Quota Share Retrocession Agreement:
COSTCO WHOLESALE CORP
– 1999 CNA/TOYS R US
2000 CNA AUTOZONE
2000 CNA AUTOZONE 2
2000 CNA BED BATH & BEYOND
2000 CNA BEST BUY
2000 CNA COMPAQ COMPUTER
2000 CNA COSTCO WHOLESALE CORP
2000 CNA HOUDINI
2000 CNA INGRAM MICRO
2000 CNA J.C. PENNEY
2000 CNA QVC CORP.
2000 CNA STAPLES
2000 CNA TARGET CORP. 3
2000 CNA TARGET CORP (DAYTON)
_____________
dt 1397352
;
|
SCOR
As referenced in this Quota Share Retrocession Agreement:
SCOR
– RSA BOND QS - SECTION B
2003 RSA CREDIT QS - SECTION A
2003 RSA CREDIT QS - SECTION B
2003 RSA/MARKS & SPENCER
8
2003-2 RSA/MARKS & SPENCER
24. SCOR
2002 SCOR RETRO XL
25. Segumext
2000 SEGUMEXT FACULTATIVE QS
2000 SEGUMEXT QUOTA SHARE
2001 SEGUMEXT QUOTA SHARE
26. St. Paul Internl
2002 ST PAUL FRENCH QS - _____________
SCOR – QS - SECTION B
2003 RSA CREDIT QS - SECTION A
2003 RSA CREDIT QS - SECTION B
2003 RSA/MARKS & SPENCER
8
2003-2 RSA/MARKS & SPENCER
24. SCOR
2002 SCOR RETRO XL
25. Segumext
2000 SEGUMEXT FACULTATIVE QS
2000 SEGUMEXT QUOTA SHARE
2001 SEGUMEXT QUOTA SHARE
26. St. Paul Internl
2002 ST PAUL FRENCH QS - A & B
_____________
dt 1441276
|
Preview
Full Doc
 | 2003 |
Split Dollar Insurance Agreement
Split Dollar Insurance Agreement (8K)
Doc #1112160: Click preview link for longer preview.
SPLIT DOLLAR INSURANCE AGREEMENT
THIS AGREEMENT is made and entered into this 31st day of July 1987, by
and between DEB SHOPS, INC. (the "Assignee"), and JACK A ROUNICK and STUART
SAVETT, Trustees under the Rounick Family Irrevocable Insurance Trust dated
October 27, 1986 (the "Owner").
NOW, THEREFORE, the Assignee and Owner agree as follows:
1. The life insurance policy with which this Agreement deals is Policy
Number 3779930-1 (the "Policy") issued by Manufacturer's Life Insurance Company
(the " . . .
1112160
|
Deb Shops
As referenced in this Split Dollar Insurance Agreement:
DEB SHOPS, INC – EXHIBIT 10.2.2
EXHIBIT 10-2.2
SPLIT DOLLAR INSURANCE AGREEMENT
THIS AGREEMENT is made and entered into this 31st day of July 1987, by
and between DEB SHOPS, INC . (the "Assignee"), and JACK A ROUNICK and STUART
SAVETT, Trustees under the Rounick Family Irrevocable Insurance Trust dated
October 27, 1986 (the "Owner").
NOW, THEREFORE, the Assignee and Owner _____________
DEB SHOPS, INC – hereby.
15. This Split Dollar Agreement, and the rights of the parties
hereunder, shall be governed by and construed pursuant to the laws of the State
of Pennsylvania.
Assignee:
ATTEST: DEB SHOPS, INC .
/s/ Warren Weiner, Secretary By: /s/ Marvin Rounick, President
---------------------------- ------------------------------
Warren Weiner, Secretary Marvin Rounick, President
WITNESS Owner:
ROUNICK FAMILY IRREVOCABLE INSURANCE
TRUST
/s/ Bary H. Frank /s/ JACK A _____________
dt 1731904
| |
Preview
Full Doc
 | 2003 |
Split Dollar Insurance Agreement
Split Dollar Insurance Agreement (8K)
Doc #1112168: Click preview link for longer preview.
SPLIT DOLLAR INSURANCE AGREEMENT
THIS AGREEMENT is made and entered into this 31st day of July 1987, by
and between DEB SHOPS, INC. (the "Assignee"), and BARRY H. FRANK and ROBERT
SHEIN, Trustees under the Weiner Family Irrevocable Insurance Trust dated
October 27, 1986 (the "Owner").
NOW, THEREFORE, the Assignee and Owner agree as follows:
1. The life insurance policy with which this Agreement deals is Policy
Number 3779931-9 (the "Policy") issued by Manufacturer's Life Insurance Company
(the " . . .
1112168
|
Deb Shops
As referenced in this Split Dollar Insurance Agreement:
DEB SHOPS, INC – EXHIBIT 10.3.2
EXHIBIT 10-3.2
SPLIT DOLLAR INSURANCE AGREEMENT
THIS AGREEMENT is made and entered into this 31st day of July 1987, by
and between DEB SHOPS, INC . (the "Assignee"), and BARRY H. FRANK and ROBERT
SHEIN, Trustees under the Weiner Family Irrevocable Insurance Trust dated
October 27, 1986 (the "Owner").
NOW, THEREFORE, the Assignee and Owner _____________
dt 1731905
| |
Preview
Full Doc
 | 2004 |
Split-Dollar Insurance Agreement
Split-Dollar Insurance Agreement (16K)
Doc #1430587: Click preview link for longer preview.
SPLIT-DOLLAR INSURANCE AGREEMENT
This Split-Dollar Insurance Agreement (this "Agreement") is made and
entered into as of the 17th day of January, 1997, by and between BUCA, INC., a
Minnesota corporation (hereinafter referred to as the "Corporation"), and JOSEPH
P. MICATROTTO ("Employee").
WITNESSETH:
WHEREAS, Employee is employed by the Corporation; and
WHEREAS, the Employee has purchased and is the owner of a life insurance
policy on the life of the Employee (hereinafter . . .
1430587
|
BUCA, Inc.
As referenced in this Split-Dollar Insurance Agreement:
BUCA, INC – Exhibit 10.6
SPLIT-DOLLAR INSURANCE AGREEMENT
This Split-Dollar Insurance Agreement (this "Agreement") is made and
entered into as of the 17th day of January, 1997, by and between BUCA, INC ., a
Minnesota corporation (hereinafter referred to as the "Corporation"), and JOSEPH
P. MICATROTTO ("Employee").
WITNESSETH:
WHEREAS, Employee is employed by the Corporation; and
WHEREAS, the Employee has purchased and _____________
BUCA, INC – Minnesota.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement, in
duplicate, as of the date and year first above written, which shall be the
effective date hereof.
"Corporation"
BUCA, INC ., a Minnesota corporation
By /s/ Peter J. Mihajlov
------------------------------------
Its Treasurer
--------------------------
"Employee"
By /s/ Joseph P. Micatrotto
------------------------------------
Upon the expiration of this Agreement in December 2001, the parties orally
agreed _____________
dt 1467360
;
|
BUCA, Inc.
As referenced in this Split-Dollar Insurance Agreement:
BUCA, INC – Exhibit 10.6
SPLIT-DOLLAR INSURANCE AGREEMENT
This Split-Dollar Insurance Agreement (this "Agreement") is made and
entered into as of the 17th day of January, 1997, by and between BUCA, INC ., a
Minnesota corporation (hereinafter referred to as the "Corporation"), and JOSEPH
P. MICATROTTO ("Employee").
WITNESSETH:
WHEREAS, Employee is employed by the Corporation; and
WHEREAS, the Employee has purchased and _____________
BUCA, INC – Minnesota.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement, in
duplicate, as of the date and year first above written, which shall be the
effective date hereof.
"Corporation"
BUCA, INC ., a Minnesota corporation
By /s/ Peter J. Mihajlov
------------------------------------
Its Treasurer
--------------------------
"Employee"
By /s/ Joseph P. Micatrotto
------------------------------------
Upon the expiration of this Agreement in December 2001, the parties orally
agreed _____________
dt 1473465
|
Full Doc
 | 2007 |
Split Dollar Insurance Agreement
Split Dollar Insurance Agreement (7K)
Doc #3021094: This document is immediately available for purchase, but does not have a preview available for viewing.
3021094
| | |
Full Doc
 | 2007 |
Split Dollar Insurance Agreement
Split Dollar Insurance Agreement (7K)
Doc #3021095: This document is immediately available for purchase, but does not have a preview available for viewing.
3021095
| | |
Preview
Full Doc
 | 2008 | | | |