BENEFICIARY DESIGNATION RIGHTS. Owner may designate a beneficiary or beneficiaries to receive any proceeds payable under the Policy on death of Insured which are in excess of Employer's share of such proceeds, as determined by this Agreement.
Appears in 3 contracts
Samples: Insurance Agreement (Vari Lite International Inc), Insurance Agreement (Vari Lite International Inc), Split Dollar Life Insurance Agreement (Vari Lite International Inc)
BENEFICIARY DESIGNATION RIGHTS. Owner may designate a beneficiary or beneficiaries to receive any proceeds payable under the Policy on death of Insured which are in excess of Employer's share of such proceeds, proceeds as determined by this Agreement.
Appears in 1 contract
Samples: Split Dollar Life Insurance Agreement (Vari Lite International Inc)
BENEFICIARY DESIGNATION RIGHTS. Owner may designate a beneficiary or beneficiaries to receive any proceeds payable under the New Policy on death of Insured which are in excess of Employer's share of such proceeds, as determined by this Agreement.
Appears in 1 contract
Samples: Split Dollar Life Insurance Agreement (Vari Lite International Inc)
BENEFICIARY DESIGNATION RIGHTS. Owner may designate a beneficiary or beneficiaries to receive any proceeds payable under the Policy on death of the Insured which are in excess of EmployerLender's share of such proceeds, as determined by this Agreement.
Appears in 1 contract
Samples: Severance Agreement (Tseng Labs Inc)
BENEFICIARY DESIGNATION RIGHTS. Owner may designate a beneficiary or beneficiaries to receive any proceeds payable under the Policy on death of the Insured which that are in excess of EmployerLender's share of such proceeds, as determined by this AgreementProceeds.
Appears in 1 contract
