Executive Life Insurance Plan Description Effective September 1, 2001
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Summary
This agreement outlines a company-paid life insurance plan for executive officers and certain other officers, effective September 1, 2001. The plan provides term life insurance coverage equal to three times the officer's base salary, up to a maximum of $5,000,000. It also includes matching coverage for accidental death and a dismemberment benefit. This plan replaces all other life insurance previously provided to the participating officers.
EX-10.6 8 a2062633zex-10_6.txt EXHIBIT 10.6 Exhibit 10.6 Description of ---------------- Executive Life Insurance Plan ------------------------------- 1. Effective date 9/1/01. 2. Provides company paid term life insurance to executive officers and certain other officers in the amount of 3X base salary, with a maximum benefit of $5,000,000. Also provides a matching amount of coverage for accidental death and a dismemberment benefit. 3. Replaces all other life insurance for the participating officers.
