Document:

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                                                                    EXHIBIT 10.6

                     SPLIT DOLLAR LIFE INSURANCE AGREEMENT

     This SPLIT DOLLAR LIFE INSURANCE AGREEMENT ("Agreement") is made as of
April 6, 1992, by and between CROWLEY MARITIME CORPORATION, a Delaware
corporation (the "Corporation"), and THOMAS B. CROWLEY, JR., (the "Employee").

                                    RECITALS

     1. The Employee owns certain policies of insurance on the life of the
survivor of Thomas B. Crowley, father of the Employee, and, Molly Crowley,
spouse of said Thomas B. Crowley (the "Insureds"), as shown on Schedule A hereto
(each such policy being referred to herein as the "Policy");

     2. The Corporation and the Employee desire to have an agreement outlining
their respective obligations with respect to the Policy; and

     3. The parties intend this Agreement to constitute a plan of split dollar
life insurance under Revenue Rulings 64-328 and 66-110.

     Now, Therefore, in consideration of the good and valuable consideration
referred to herein, the sufficiency of which is hereby acknowledged, the parties
hereto agree as follows:

          1. Ownership Of The Policy.

             (a) The Employee is the sole owner of the
<PAGE>
Policy, retains all rights in the Policy and may exercise all incidents of
ownership with respect thereto without the Corporation's consent.

               (b) The Corporation is not and shall not become an owner of the
Policy and shall have no rights, interests or security whatsoever in the Policy
or its proceeds.

          2. Premium Payments.

               (a) The Corporation shall pay the entire premium on the Policy
on or before the date said premium is due or the end of the grace period
allowed for the payment of premiums.

               (b) Until this Agreement is terminated, the Employee shall pay
to the Corporation each year an amount equal to the economic benefit to the
Employee with respect to the Policy as determined under applicable Internal
Revenue Service rulings.

          3. Termination Of This Agreement. This Agreement shall terminate upon
the first to occur of any one of the following events (the "Termination Event"):

               (a) upon surrender of the Policy by the Employee to the issuer
of the Policy;

               (b) if the Employee fails to make any payment required pursuant
to paragraph 2(b) of this Agreement within 60 days after notice from the
Corporation of the amount due;

               (c) at the option of the Corporation if the Employee ceases to
be employed by the Corporation; or

                                      -2-
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          (d) bankruptcy, insolvency or dissolution of the Corporation.

     4.   Rights Upon Termination. Upon the termination of this Agreement.

          (a) the obligations of the Corporation to pay the premiums on the
Policy shall cease; and

          (b) within 30 days after the Termination Event, the Employee shall pay
to the Corporation an amount equal to the lesser of (i) the Policy cash
surrender value or (ii) the amounts paid by the Corporation pursuant to
paragraph 2(a) of this Agreement (reduced by any payments made by the Employee
under paragraph 2(b)).

     5.   Rights Upon Death of Insureds. Unless this Agreement is sooner
terminated as provided in this Agreement, within 30 days after the death of the
surviving Insured under the Policy, the Employee shall pay to the Corporation an
amount equal to the amounts paid by the Corporation pursuant to paragraph 2(a)
of this Agreement (reduced by any payments made by the Employee under paragraph
2(b)).

     6.   Insurer Not a Party. The issuer of the Policy is not a party to this
Agreement for any purpose, shall not be obligated to inquire into the
distribution of any monies payable or paid by it under the Policy and shall be
fully discharged from any and all liability under the terms of the Policy upon
payment or other performances in accordance with the terms of the Policy.

                                      -3-

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         7.  Governing Law.  This Agreement shall be governed by the laws of the
State of California.

         8.  Entire Agreement.  The Corporation and the Employee each warrant
that no promise, inducement or agreement not contained or referred to herein has
been made to it or him or by it or him in connection with this Agreement.

         9.  ERISA Provisions.  The Corporation is hereby designated as the
named fiduciary under this Agreement. The named fiduciary shall have authority
to control and manage the operation and administration of this Agreement. The
policy for funding the obligations under this Agreement shall be the payment of
premiums on the Policy.

        10.  Binding Effect.  This Agreement is binding upon and inures to the
benefit of the Corporation and the Employee and their representatives, agents,
servants, employees, heirs, successors, executors, administrators, attorneys,
partners, insurers, stockholders, predecessors and assigns.

             IN WITNESS WHEREOF, the parties hereto have signed this Agreement
as of the day and year first above written.

                                         CROWLEY MARITIME CORPORATION

                                         BY:     [ILLEGIBLE}
                                            --------------------------
                                                             President

                                            /s/ THOMAS B. CROWLEY, JR.
                                            --------------------------
                                              Thomas B. Crowley, Jr.
                                                              Employee

                                      -4-

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                                   SCHEDULE A
                                   ----------
        (Policies on Life of the Survivor of Thomas B. and Molly Crowley)

     Insurance                    Policy                     Face
      Company                 Description/No.               Amount
     ---------                ---------------               ------

New York Life               Survivorship Whole Life
  Insurance Co.               No. 44 523 467              $20,000,000

John Hancock Mutual         Estate Protection
  Life Insurance Co.          No. 80 008 303              $15,000,000

Prudential Insurance        Survivorship Select
  Co. of America              No. 79 772 751              $ 7,000,000

Manufacturers Life          Survivorship
  Insurance Co.               No. 5,128,621-9             $ 5,000,000

Confederation Life          Joint & Last Survivor II
  Insurance Co.               No. 5 412 252               $ 3,000,000<PAGE>
                                                                    EXHIBIT 10.7

                                  AMENDMENT TO
                     SPLIT DOLLAR LIFE INSURANCE AGREEMENT
                     -------------------------------------
<PAGE>

                                  AMENDMENT TO
                     SPLIT DOLLAR LIFE INSURANCE AGREEMENT
                     -------------------------------------

     This amendment to that certain SPLIT DOLLAR LIFE INSURANCE AGREEMENT
("Agreement") dated April 6, 1992, by and between CROWLEY MARITIME CORPORATION,
a Delaware corporation (the "Corporation") and THOMAS B. CROWLEY, JR., (its
"Employee") is made on May 1, 1995.

     First: Paragraph 1 of this Agreement is amended in its entirety to read as
follows:

     "1. Ownership of the Policy.
         -----------------------

     (a) The Employee is the sole owner of the Policy, and may exercise all
incidents of ownership with respect thereto without the Corporation's consent,
subject only to the limited rights given the Corporation under the terms of the
limited collateral assignment provided for herein.

     (b) The Employee shall execute and deliver a limited collateral assignment
to the Corporation as security for repayment of the amount due to the
Corporation under this Agreement. However, the Corporation shall neither have
nor exercise any rights as collateral assignee of the Policy that could in any
way defeat or impair the Employee's right to receive the cash surrender value or
the death proceeds of the Policy in excess of the amount due to the Corporation
hereunder. In no event shall the Corporation have the power to change the
beneficiary, to surrender the Policy, to assign or revoke an assignment, to
pledge the Policy for a loan, or to obtain from

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the insurer a loan against the surrender value of the Policy. All provisions of
this Agreement and of such collateral assignment shall be construed so as to
carry out such intention. A form of the Limited Collateral Assignment is
attached hereto as Exhibit A."

     Second: Except as modified by this Amendment, all provisions of the
Agreement shall remain in effect.

     IN WITNESS WHEREOF, the parties hereto have signed this Amendment to Split
Dollar Life Insurance Agreement as of the day and year first above written.

                                             CROWLEY MARITIME CORPORATION

                                             By:          [SIGNATURE]
                                                 -------------------------------

                                                 /s/ Thomas B. Crowley, Jr.
                                             -----------------------------------
                                                    Thomas B. Crowley, Jr.,
                                                    Employee

                                       2
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                                   EXHIBIT A

                         LIMITED COLLATERAL ASSIGNMENT

     This Limited Collateral Assignment is made by Thomas B. Crowley, Jr., as
Assignor, to Crowley Maritime Corporation, a Delaware Corporation, as Assignee.

     FOR VALUE RECEIVED, the Assignor hereby collaterally assigns to the
Assignee Policy No. 44 523 467, issued by New York Life Insurance Co. (the
"Insurer") in the face amount of $20,000,000 (the "Policy"), upon the lives of
Thomas B. Crowley and Molly M. Crowley, on the following terms:

     1.   The sole purpose of this limited collateral assignment is to secure
the Assignee's right to receive the amount due to it under that certain Split
Dollar Life Insurance Agreement between the Assignor and the Assignee, dated
April 6, 1992, as amended.

     2.   This limited collateral assignment includes no incidents of ownership
in the policy, and the Assignee's interest in the Policy is not assignable to
anyone other than the undersigned or his nominee.

     3.   The Assignor retains all incidents of ownership in the Policy,
including, without limitation, the power to change the beneficiary, the power
to surrender or cancel the Policy, the power to assign the Policy or revoke an
assignment, and the power to pledge the Policy for a loan or to obtain from the
insurer a loan against the surrender value of the Policy.
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     4.   The Insurer is hereby authorized to recognize the Assignee's rights
hereunder without investigating the Assignee's rights under the Split Dollar
Life Insurance Agreement; the signature of the Assignee shall be sufficient for
the exercise of any rights under the Policy and the receipt of the Assignee for
any sums received by it shall be a full discharge and release to the Insurer.

     5.   Upon full payment to the Assignee of the amount due to the Assignee
under the Split Dollar Life Insurance Agreement, the Assignee shall execute all
documents required by the Insurer or the Assignor to release this Limited
Collateral Assignment.

     This Limited Collateral Assignment is entered into on May 1, 1995.

                                             ASSIGNOR

                                             /s/ Thomas B. Crowley, Jr.
                                             -----------------------------------
                                                    Thomas B. Crowley, Jr.

                                             ASSIGNEE

                                             CROWLEY MARITIME CORPORATION

                                             By:           [SIGNATURE]
                                                 -------------------------------

                                       2
<PAGE>
                                   EXHIBIT A

                         LIMITED COLLATERAL ASSIGNMENT

     This Limited Collateral Assignment is made by Thomas B. Crowley, Jr., as
Assignor, to Crowley Maritime Corporation, a Delaware Corporation, as Assignee.

     FOR VALUE RECEIVED, the Assignor hereby collaterally assigns to the
Assignee Policy No. 80 008 303, issued by John Hancock Mutual Life Insurance Co.
(the "Insurer") in the face amount of $15,000,000 (the "Policy"), upon the lives
of Thomas B. Crowley and Molly M. Crowley, on the following terms:

     1. The sole purpose of this limited collateral assignment is to secure the
Assignee's right to receive the amount due to it under that certain Split Dollar
Life Insurance Agreement between the Assignor and the Assignee, dated April 6,
1992, as amended.

     2. This limited collateral assignment includes no incidents of ownership
in the policy, and the Assignee's interest in the Policy is not assignable to
anyone other than the undersigned or his nominee.

     3. The Assignor retains all incidents or ownership in the Policy,
including, without limitation, the power to change the beneficiary, the power to
surrender or cancel the Policy, the power to assign the Policy or revoke an
assignment, and the power to pledge the Policy for a loan or to obtain from the
insurer a loan against the surrender value of the Policy.
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     4. The Insurer is hereby authorized to recognize the Assignee's rights
hereunder without investigating the Assignee's rights under the Split Dollar
Life Insurance Agreement; the signature of the Assignee shall be sufficient for
the exercise of any rights under the Policy and the receipt of the Assignee for
any sums received by it shall be full discharge and release to the Insurer.

     5. Upon full payment to the Assignee of the amount due to the Assignee
under the Split Dollar Life Insurance Agreement, the Assignee shall execute all
documents required by the Insurer or the Assignor to release this Limited
Collateral Assignment.

     This Limited Collateral Assignment is entered into on May 1, 1995.

                                        ASSIGNOR

                                        /s/  Thomas B. Crowley, Jr.
                                        -----------------------------------
                                             Thomas B. Crowley, Jr.

                                        ASSIGNEE

                                        CROWLEY MARITIME CORPORATION

                                        By:  [SIGNATURE]
                                           --------------------------------

                                       2
<PAGE>
                                   EXHIBIT A

                         LIMITED COLLATERAL ASSIGNMENT

     This Limited Collateral Assignment is made by Thomas B. Crowley, Jr., as
Assignor, to Crowley Maritime Corporation, a Delaware Corporation, as Assignee.

     FOR VALUED RECEIVED, the Assignor hereby collaterally assigns to the
Assignee Policy No. 5,128,621-9, issued by Manufacturers Life Insurance Co. (the
"Insurer") in the face amount of $5,000,000 (the "Policy"), upon the lives of
Thomas B. Crowley and Molly M. Crowley, on the following terms:

     1. The sole purpose of this limited collateral assignment is to secure the
Assignee's right to receive the amount due to it under that certain Split Dollar
Life Insurance Agreement between the Assignor and the Assignee, dated April 6,
1992, as amended.

     2. This limited collateral assignment includes no incidents of ownership in
the policy, and the Assignee's interest in the Policy is not assignable to
anyone other than the undersigned or his nominee.

     3. The assignor retains all incidents of ownership in the Policy,
including, without limitation, the power to change the beneficiary, the power to
surrender or cancel the Policy, the power to assign the Policy or revoke an
assignment, and the power to pledge the Policy for a loan or to obtain from the
insurer a loan against the surrender value of the Policy.
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         4.  The Insurer is hereby authorized to recognize the Assignee's rights
hereunder without investigating the Assignee's rights under the Split Dollar
Life Insurance Agreement; the signature of the Assignee shall be sufficient for
the exercise of any rights under the Policy and the receipt of the Assignee for
any sums received by it shall be a full discharge and release to the Insurer.

         5.  Upon full payment to the Assignee of the amount due to the Assignee
under the Split Dollar Life Insurance Agreement, the Assignee shall execute all
documents required by the Insurer or the Assignor to release this Limited
Collateral Assignment.

             This Limited Collateral Assignment is entered into on May 1, 1995.

                                       ASSIGNOR

                                       /s/ THOMAS B. CROWLEY, JR.
                                      -----------------------------
                                           Thomas B. Crowley, Jr.

                                       ASSIGNEE

                                       CROWLEY MARITIME CORPORATION

                                       BY:      [SIGNATURE]
                                          --------------------------

                                       2

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