Common use of Executive’s Interest Clause in Contracts

Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 herein, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy and no death benefit shall be paid under this Section 2.2.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining death proceeds of the death proceedsPolicy. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 hereinProvided, however, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.2section 2.2 upon the Executive’s Termination of Employment prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of a portion of the death proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 herein, the Executive, the Executive’s transferee transferee, or the Executive’s beneficiary shall have no rights or interests in the Policy and no death benefit shall be paid under this Section 2.2.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceedsproceeds of the Policy to the extent the proceeds exceed the cash surrender value of the Policy on the day before the Executive's death. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 herein, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy and no death benefit shall be paid under this Section 2.2permitted for such beneficiary.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according pursuant to Article 7 herein7, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no death benefit shall be paid under this Section 2.2.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of $150,000 of death proceeds from the death proceedsPolicy, provided such amount does not exceed the Net Death Proceeds. The Executive shall also have the right to elect and change settlement options for the Executive's Interest that may be permitted. Upon the termination of this Agreement according to Article 7 hereinHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.22.2 upon the Executive's Termination of Employment prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 herein, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no death benefit shall be paid under this Section 2.2.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according pursuant to Article 7 herein7, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy and no death benefit shall be paid under this Section 2.2.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceedsproceeds of the Policy. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according pursuant to Article 7 herein7, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy and no death benefit shall be paid under this Section 2.2.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of $165,000 of the death proceedsDeath Proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 hereinHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.2section 2.2 upon the Executive's Termination of Employment prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining death proceeds of the death proceedsPolicy. The Executive shall also have the right to elect and change settlement options that may be maybe permitted. Upon the termination of this Agreement according to Article 7 hereinProvided, however, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.2section 2.2 upon the Executive’s Termination of Employment prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of $250,000 of death proceeds from the death proceedsPolicy, provided such amount does not exceed the Net Death Proceeds. The Executive shall also have the right to elect and change settlement options for the Executive's Interest that may be permitted. Upon the termination of this Agreement according to Article 7 hereinHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.22.2 upon the Executive's Termination of Employment prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceedsproceeds of the Policy in an amount equal to the lesser of (i) two times the most recent base annual salary or (ii) the excess of the total death proceeds over the cash surrender value of the Policy on the day before the Executive’s death. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 herein, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy and no death benefit shall be paid under this Section 2.2permitted for such beneficiaries.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining death proceeds of the death proceedsPolicy. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 hereinProvided, however, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.2section 2.2 upon the Executive's Termination of Employment prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the death proceedsPolicy in the amount of $880,000. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 hereinProvided, however, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.22.2 if the Executive terminates employment with the Company prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining death proceeds of the death proceedsPolicy. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 hereinProvided, however, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under this Section 2.2proceeds designated in the section 2.2 upon the Executive’s Termination of Employment prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of $250,000 of the death proceedsDeath Proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 hereinHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.2section 2.2 upon the Executive's Termination of Employment prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any-remaining death proceeds of the death proceedsPolicy after payment of the amount due the Company under Section 2,1. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 hereinProvided, however, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.22.2 upon the Executive's Termination of Employment prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of an amount equal to 100 percent of the death proceedsNet Death Proceeds of the Policy. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 hereinHowever, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.2section 2.2 upon the Executive’s Voluntary Early Termination.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of an amount equal to 100 percent of the death proceedsNet Death Proceeds of the Policy. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 hereinHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.2section 2.2 upon the Executive's Voluntary Early Termination.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining death proceeds of the death proceedsPolicy. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 hereinProvided, however, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.2section 2.2 upon the Executive's Termination of Service prior to a Change of Control.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of $165,000 of the death proceedsDeath Proceeds. The Executive shall also have the right to elect and change settlement options that may way be permitted. Upon the termination of this Agreement according to Article 7 hereinHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.2section 2.2 upon the Executive's Termination of Employment prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceedsNet Death Proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon The Company and the termination of this Agreement according to Article 7 herein, Executive agree that the Executive, the Executive’s transferee or the Executive’s beneficiary Executive shall have no all rights or interests in the Policy and no death benefit shall be paid under with respect to the Net Death Proceeds designated in this Section 2.22.2 upon the Executive's Termination of Employment, and that the Executive shall maintain all of the powers and interests described in this Section 2.2 until the death of the Executive.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining death proceeds of the death proceedsPolicy. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 hereinProvided, however, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.2section 2.2 upon the Executive's Termination of Service prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of an amount equal to __________________ of Net Death Proceeds of the death proceedsPolicy. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 hereinHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.2.section 2.2 upon the Executive's Termination of Employment prior to Normal Retirement Age. 2.3

Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceedsNet Death Proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon The Company and the termination of this Agreement according to Article 7 herein, Executive further agree that the Executive, the Executive’s transferee or the Executive’s beneficiary Executive shall have no all rights or interests in the Policy and no death benefit shall be paid under Policies with respect to the Net Death Proceeds designated in this Section 2.22.2 upon the Executive's Termination of Employment, and that the Executive shall maintain all of the powers and interests described in this Section 2.2 until the death of the Executive.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of $150,000 of death proceeds from the death proceedsPolicy, provided such amount does not exceed the Net Death Proceeds. The Executive shall also have the right to elect and change settlement options for the Executive's Interest that may be permitted. Upon the termination of this Agreement according to Article 7 hereinHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.2section 2.2 upon the Executive's Termination of Employment prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of $2,245,000 of death proceeds of the Policy not to exceed the net death proceedsproceeds of the Policy. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 hereinHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.2section 2.2 upon the Executive's Voluntary Termination of Employment or Termination for Cause.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of $82,500 of the death proceedsDeath Proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 hereinHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.2section 2.2 upon the Executive's Termination of Employment prior to Normal Retirement Age.

Executive’s Interest. The Prior to Termination of Service, the Executive shall have the right to designate the beneficiary of any remaining death proceeds of the death proceedspolicy. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 hereinProvided, however, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests interest in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.22.2 after the Executive’s Termination of Service.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining death proceeds of the death proceedsPolicy. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 herein, Provided, however, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy and no with respect to that portion of the death benefit shall be paid under proceeds designated in this Section 2.2.section 2.2 upon the Executive’s Termination of Employment prior to Normal Retirement Age,