fbpx

stars Over 2,600 Happy South African Businesses

Key Man Agreement

Key Man Agreement

stars Over 10,000 Happy South African Businesses

Original price was: R 720,29.Current price is: R 504,20.

Legal Agreement that protects a business by providing coverage for key employee’s absence.

  • Mitigates financial risk.
  • Protects against uncertainty.
  • Provides business continuity.
Buy 1 Year Subscription:
Access All 250+ Templates @ R500pm*
How do I receive my documents once I have paid for them?

Once your order is complete, you will be granted download permission for the document. You will:

  • See download links on the order received page after you have checked out.
  • Receive an email notification which will include download links.
  • Have access to your downloads via the Downloads tab on your ‘My Account’ page when logged in to your account on this website.
What format do you provide the document in?

You’ll receive the document in Microsoft Word. A small number of our documents are only available in PDF, in which case this is stated in the document summary.

What if I don't receive the link?

The two most common reasons for people not receiving the link are : (i) The e-mail address entered into the order form was incorrect; or (ii) the e-mail was directed into your spam folder. First please check your spam folder. If it is not there, contact us.

How can I tell if the document is suitable for my requirements?

Each document is accompanied by a description. Read the description to see if it will meet your requirements. If you are still uncertain, you can Contact Us with a brief overview of what you need the document for and we will respond as soon as possible.

Can I make changes to the contracts and legal documents?

Our documents are provided in MS Word format, allowing you to adjust and alter the agreement as you require. If you do not have legal experience we do caution you to be circumspect about the extent of the changes that you make.

Our Clients & Partners

KEY MAN AGREEMENT

Summary A Key Man Agreement can be used by a company that takes out Key Man insurance over the life of someone who plays a critical role in the business. A Key Man Agreement is an acknowledgement by the key man or woman that the insurance policy is in place, and a confirmation about each party’s rights and obligations around the life policy.

Why do I need a Key-Man Agreement? Often a company employs someone who turns out to be a critical part of the organisation’s business. If something happened to that person, the business could seriously suffer. This prompts the company to take out keyman life insurance cover over the critical resource. A written agreement can be a useful document for the company to sign with their key resource. It sets out the critical resource’s rights and responsibilities with regards to the insurance policy, including what might happen to the policy if the resource leaves the company.

What does the document say? The Key Man Insurance Agreement consists of: Definitions; Introduction; Policies; Cession of Policies; Disputes; General.

What does this agreement look like? The standard document can be printed onto five pages.

What do you need to do to use the agreement?

  • Read the sample Keyman document to ensure that it suits your requirements. Make any changes as required.
  • Complete Annexure A by adding in the details of the life policies taken out.
  • Ensure both policyholder and key man resource sign the Agreement with each getting a copy of the final, signed agreement.

Also viewed: Buy & Sell Agreements

The Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.

How do I receive my documents once I have paid for them?

Once your order is complete, you will be granted download permission for the document. You will:

  • See download links on the order received page after you have checked out.
  • Receive an email notification which will include download links.
  • Have access to your downloads via the Downloads tab on your ‘My Account’ page when logged in to your account on this website.
What format do you provide the document in?

You’ll receive the document in Microsoft Word. A small number of our documents are only available in PDF, in which case this is stated in the document summary.

What if I don't receive the link?

The two most common reasons for people not receiving the link are : (i) The e-mail address entered into the order form was incorrect; or (ii) the e-mail was directed into your spam folder. First please check your spam folder. If it is not there, contact us.

How can I tell if the document is suitable for my requirements?

Each document is accompanied by a description. Read the description to see if it will meet your requirements. If you are still uncertain, you can Contact Us with a brief overview of what you need the document for and we will respond as soon as possible.

Can I make changes to the contracts and legal documents?

Our documents are provided in MS Word format, allowing you to adjust and alter the agreement as you require. If you do not have legal experience we do caution you to be circumspect about the extent of the changes that you make.

Trusted By 10,000+ Businesses

Legal Templates For All Industries

Legal Templates For All Industries

Backed By Legal Research

Key Man Agreement 1
This item: Key Man Agreement
Original price was: R 720,29.Current price is: R 504,20.
Original price was: R 720,29.Current price is: R 504,20.
Partnership Agreement Template South Africa 1
Original price was: R 1 645,81.Current price is: R 1 152,07.
Directors Acknowledgement and Consent
Original price was: R 709,16.Current price is: R 496,41.
Cession Documents Pack
Original price was: R 2 365,71.Current price is: R 1 656,00.
Car Sale Agreement Template South Africa Cover Image
Original price was: R 763,71.Current price is: R 534,60.
Buy Sell Agreement 3 or more parties being legal entities death only 1
Original price was: R 720,29.Current price is: R 504,20.

KEY MAN AGREEMENT

Summary A Key Man Agreement can be used by a company that takes out Key Man insurance over the life of someone who plays a critical role in the business. A Key Man Agreement is an acknowledgement by the key man or woman that the insurance policy is in place, and a confirmation about each party’s rights and obligations around the life policy.

Why do I need a Key-Man Agreement? Often a company employs someone who turns out to be a critical part of the organisation’s business. If something happened to that person, the business could seriously suffer. This prompts the company to take out keyman life insurance cover over the critical resource. A written agreement can be a useful document for the company to sign with their key resource. It sets out the critical resource’s rights and responsibilities with regards to the insurance policy, including what might happen to the policy if the resource leaves the company.

What does the document say? The Key Man Insurance Agreement consists of: Definitions; Introduction; Policies; Cession of Policies; Disputes; General.

What does this agreement look like? The standard document can be printed onto five pages.

What do you need to do to use the agreement?

  • Read the sample Keyman document to ensure that it suits your requirements. Make any changes as required.
  • Complete Annexure A by adding in the details of the life policies taken out.
  • Ensure both policyholder and key man resource sign the Agreement with each getting a copy of the final, signed agreement.

Also viewed: Buy & Sell Agreements

The Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.