Common use of Executive’s Interest Clause in Contracts

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

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining death proceeds a portion of the Policydeath proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, howeverUpon 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 with respect to that portion of the and no death proceeds designated in benefit shall be paid under this section 2.2 upon the Executive’s Termination of Employment prior to Normal Retirement AgeSection 2.2.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining the death proceeds of the PolicyPolicy 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. Provided, however, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 upon the Executive’s Termination of Employment prior to Normal Retirement Agepermitted for such beneficiary.

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

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining $150,000 of death proceeds of from the Policy, 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. Provided, howeverHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section Section 2.2 upon the Executive’s '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 the death proceeds of the Policyproceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, howeverUpon 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 with respect to that portion of the and no death proceeds designated in benefit shall be paid under this section 2.2 upon the Executive’s Termination of Employment prior to Normal Retirement AgeSection 2.2.

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

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

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining death proceeds $165,000 of the PolicyDeath Proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, howeverHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 upon the Executive’s '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 the death proceeds of the PolicyPolicy 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. Provided, however, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 upon the Executive’s Termination of Employment prior to Normal Retirement Agepermitted for such beneficiaries.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining death proceeds of the Policy. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, however, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 upon the Executive’s '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 Policy. The Executive shall also have the right to elect and change settlement options that may be maybe permitted. Provided, however, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this 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 any remaining death proceeds of the PolicyPolicy in the amount of $880,000. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, however, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section Section 2.2 upon if the Executive’s Termination of Employment 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 $250,000 of death proceeds of from the Policy, 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. Provided, howeverHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section Section 2.2 upon the Executive’s '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 PolicyNet Death Proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, however, The Company and the Executive, Executive agree that the Executive’s transferee or the Executive’s beneficiary Executive shall have no all rights or interests in the Policy with respect to that portion of the death proceeds Net Death Proceeds designated in this section Section 2.2 upon the Executive’s 's Termination of Employment prior to Normal Retirement AgeEmployment, 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 an amount equal to __________________ of Net Death Proceeds of the Policy. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, howeverHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 upon the Executive’s '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 the death proceeds from the Policy in excess of the PolicyNet Death Proceeds. The Executive shall also have the right to elect and change settlement options for the Executive's Interest that may be permitted. Provided, however, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this 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 any remaining death proceeds $82,500 of the PolicyDeath Proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, howeverHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 upon the Executive’s '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 PolicyNet Death Proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, however, The Company and the Executive, Executive further agree that the Executive’s transferee or the Executive’s beneficiary Executive shall have no all rights or interests in the Policy Policies with respect to that portion of the death proceeds Net Death Proceeds designated in this section Section 2.2 upon the Executive’s 's Termination of Employment prior to Normal Retirement AgeEmployment, 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 Prior to Termination of Service, the Executive shall have the right to designate the beneficiary of any remaining death proceeds of the Policypolicy. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, however, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests interest in the Policy with respect to that portion of the death proceeds designated in this section Section 2.2 upon after the Executive’s Termination of Employment prior to Normal Retirement AgeService.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining death proceeds $350,000 of the PolicyNet Death Proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, howeverHowever, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 upon the Executive’s Termination of Employment prior to Normal Retirement Agefor reasons other than the Executive’s death.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining death proceeds of the Policy. The Executive shall also have the right to elect and change settlement options that may be permitted. , Provided, however, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this 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 any remaining $150,000 of death proceeds of from the Policy, 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. Provided, howeverHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 upon the Executive’s '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 $165,000 of the PolicyDeath Proceeds. The Executive shall also have the right to elect and change settlement options that may way be permitted. Provided, howeverHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 upon the Executive’s '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 an amount equal to 100 percent of the Net Death Proceeds of the Policy. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, howeverHowever, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 upon the Executive’s Termination of Employment prior to Normal Retirement AgeVoluntary Early Termination.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any any-remaining death proceeds of the PolicyPolicy 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. Provided, however, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section Section 2.2 upon the Executive’s '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 $2,245,000 of death proceeds of the Policy not to exceed the net death proceeds of the Policy. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, howeverHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 upon the Executive’s 's Voluntary Termination of Employment prior to Normal Retirement Ageor Termination for Cause.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining death proceeds of the Policy. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, however, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this 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 any remaining death proceeds $250,000 of the PolicyDeath Proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, howeverHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 upon the Executive’s '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 an amount equal to 100 percent of the Net Death Proceeds of the Policy. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, howeverHowever, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 upon the Executive’s Termination of Employment prior to Normal Retirement Age's Voluntary Early Termination.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining death proceeds of the Policy. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, however, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 upon the Executive’s 's Termination of Employment Service prior to Normal Retirement Agea Change of Control.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of any remaining death proceeds of the Policy. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, however, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this 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 any remaining death proceeds of the Policy. The Executive shall also have the right to elect and change settlement options that may be permitted. Provided, however, the Executive, the Executive’s 's transferee or the Executive’s 's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 upon the Executive’s 's Termination of Employment Service prior to Normal Retirement Age.