Buy And Sell Agreement Life (Insurance) Template for New Zealand

1. Disability Provisions: Additional provisions specific to disability triggers, used when disability coverage is included

2. Cross-Purchase vs. Entity Purchase: Specific structure of purchase arrangement, included when parties want flexibility in purchase structure

3. Right of First Refusal: Included when parties want additional control over voluntary transfers

4. Family Transfer Exceptions: Used when parties want to allow certain transfers to family members without triggering buy-sell provisions

5. Competing Business Restrictions: Added when parties want to include non-compete provisions

6. Premium Payment Obligations: Detailed provisions about who pays insurance premiums, included when cost-sharing is complex

7. Mandatory Purchase vs. Option: Used when parties want flexibility in purchase obligations

1. Schedule 1 - Insurance Policy Details: Lists specific insurance policies, including policy numbers, insurers, and coverage amounts

2. Schedule 2 - Valuation Formula: Detailed methodology for business valuation

3. Schedule 3 - Ownership Interests: Current ownership percentages and structure

4. Schedule 4 - Premium Payment Schedule: Details of premium payments, including amounts and responsible parties

5. Appendix A - Sample Valuation Certificate: Template for documenting agreed business value

6. Appendix B - Notice Forms: Standard forms for giving various notices under the agreement

7. Appendix C - Transfer Documentation: Template documents for executing transfers of interest