Additional Survivor Death Benefit from Life Insurance. In the event that life insurance is utilized as a funding vehicle for the Plan, the Employer may wish to provide additional Survivor Benefit from the following options: [select one] x No additional Survivor Benefit offered, but rather Participant’s vested Account balance. ¨ Face value of life insurance policy of Participant, if any. ¨ Greater of (a) face value of life insurance policy of Participant, if any, or (b) Participant’s vested Account balance. ¨ Other: [enter amount or formula]
Appears in 4 contracts
Samples: Deferred Compensation Plan (Main Street Capital CORP), Deferred Compensation Plan (Kraft Foods Inc), Adoption Agreement (Mondelez International, Inc.)
Additional Survivor Death Benefit from Life Insurance. In the event that life insurance is utilized as a funding vehicle for the Plan, the Employer may wish to provide additional Survivor Benefit from the following options: [select one] x ☒ No additional Survivor Benefit offered, but rather Participant’s vested Account balance. ¨ ☐ Face value of life insurance policy of Participant, if any. ¨ ☐ Greater of (a) face value of life insurance policy of Participant, if any, or (b) Participant’s vested Account balance. ¨ ☐ Other: [enter amount or formula]
Appears in 2 contracts
Samples: Nonqualified Supplemental Deferred Compensation Plan Adoption Agreement (C & F Financial Corp), Adoption Agreement (Carter Bankshares, Inc.)
Additional Survivor Death Benefit from Life Insurance. In the event that life insurance is utilized as a funding vehicle for the Plan, the Employer may wish to provide additional Survivor Benefit from the following options: [select one] x ☐ No additional Survivor Benefit offered, but rather Participant’s vested Account balance. ¨ ☐ Face value of life insurance policy of Participant, if any. ¨ ☒ Greater of (a) face value of life insurance policy of Participant, if any, or (b) Participant’s vested Account balance. ¨ ☐ Other: [enter amount or formula]
Appears in 1 contract
Samples: Adoption Agreement (Spirit of Texas Bancshares, Inc.)
Additional Survivor Death Benefit from Life Insurance. In the event that life insurance is utilized as a funding vehicle for the Plan, the Employer may wish to provide additional Survivor Benefit from the following optionsoptions : [select one] x No additional Survivor Benefit offered, but rather Participant’s vested Account balance. ¨ Face value of life insurance policy of Participant, if any. ¨ Greater of (a) face value of life insurance policy of Participant, if any, or (b) Participant’s vested Account balance. ¨ Other: [enter amount or formula]
Appears in 1 contract
Samples: Adoption Agreement (Kraft Foods Inc)
Additional Survivor Death Benefit from Life Insurance. In the event that life insurance is utilized as a funding vehicle for the Plan, the Employer may wish to provide additional Survivor Benefit from the following options: [select one] x ý No additional Survivor Benefit offered, but rather Participant’s 's vested Account balance. ¨ o Face value of life insurance policy of Participant, if any. ¨ o Greater of (a) face value of life insurance policy of Participant, if any, or (b) Participant’s 's vested Account balance. ¨ o Other: [enter amount or formula]] ________
Appears in 1 contract
Additional Survivor Death Benefit from Life Insurance. In the event that life insurance is utilized as a funding vehicle for the Plan, the Employer may wish to provide additional Survivor Benefit from the following options: [select one] x No additional Survivor Benefit offered, but rather Participant’s vested Account balance. ¨ o Face value of life insurance policy of Participant, if any. ¨ o Greater of (a) face value of life insurance policy of Participant, if any, or (b) Participant’s vested Account balance. ¨ o Other: [enter amount or formula]
Appears in 1 contract
Samples: Deferred Compensation Plan (Main Street Capital CORP)
Additional Survivor Death Benefit from Life Insurance. In the event that life insurance is utilized as a funding vehicle for the Plan, the Employer may wish to provide additional Survivor Benefit from the following optionsoptions : [select one] x o No additional Survivor Benefit offered, but rather Participant’s vested Account balance. ¨ .. o Face value of life insurance policy of Participant, if any. ¨ o Greater of (a) face value of life insurance policy of Participant, if any, or (b) Participant’s vested Account balance. ¨ þ Other: [enter amount or formula]] The greater of the Participant’s account balance or $300,000.00.
Appears in 1 contract
Samples: Ultratech Inc
Additional Survivor Death Benefit from Life Insurance. In the event that life insurance is utilized as a funding vehicle for the Plan, the Employer may wish to provide additional Survivor Benefit from the following options: [select one] x No additional Survivor Benefit offered, but rather Participant’s vested Account balance. ¨ o Face value of life insurance policy of Participant, if any. ¨ Greater of (a) face value of life insurance policy of Participant, if any, or (b) Participant’s vested Account balance. ¨ Other: [enter amount or formula].
Appears in 1 contract
Additional Survivor Death Benefit from Life Insurance. In the event that life insurance is utilized as a funding vehicle for the Plan, the Employer may wish to provide additional Survivor Benefit from the following options: [select one] x ☒ No additional Survivor Benefit offered, but rather Participant’s vested Account balance. ¨ ☐ Face value of life insurance policy of Participant, if any. ¨ ☐ Greater of (a) face value of life insurance policy of Participant, if any, or (b) Participant’s vested Account balance. ¨ ☐ Other: [enter amount or formula]] _____
Appears in 1 contract
Samples: Adoption Agreement (Atlantic Union Bankshares Corp)
Additional Survivor Death Benefit from Life Insurance. In the event that life insurance is utilized as a funding vehicle for the Plan, the Employer may wish to provide additional Survivor Benefit from the following options: [select one] x ¨ No additional Survivor Benefit offered, but rather Participant’s vested Account balance. ¨ Face value of life insurance policy of Participant, if any. ¨ Greater of (a) face value of life insurance policy of Participant, if any, or (b) Participant’s vested Account balance. ¨ x Other: [enter amount or formula]] 50% of the death benefit of the policy
Appears in 1 contract