Common use of Executive’s Interest Clause in Contracts

Executive’s Interest. The Executive, or the Executive’s assignee, shall have the right to designate the Beneficiary of an amount of death proceeds as specified in Section 2.2.1 or 2.2.2. The Executive shall also have the right to elect and change settlement options with respect to the Executive’s Interest by providing written notice to the Bank and the Insurer.

Executive’s Interest. The Executive, or the Executive’s assignee, Executive shall have the right to designate the Beneficiary of an amount of death proceeds Net Death Proceeds as specified in Section 2.2.1 3.2.1 or 2.2.23.2.2. The Executive shall also have the right to elect and change settlement options with respect to the Executive’s Interest by providing written notice to the Bank and the Insurer.

Executive’s Interest. The Executive, or the Executive’s assignee, shall have the right to designate the Beneficiary of an amount of death proceeds as specified in this Section 2.2.1 or 2.2.22.2. The Executive shall also have the right to elect and change settlement options with respect to the Executive’s Interest interest by providing written notice to the Bank Employer and the Insurer.

Executive’s Interest. The Executive, or the Executive’s 's assignee, shall have the right to designate the Beneficiary of an amount of death proceeds as specified in Section 2.2.1 or 2.2.2. The Executive shall also have the right to elect and change settlement options with respect to the Executive’s 's Interest by providing written notice to the Bank Company and the Insurer.

Executive’s Interest. The Executive, or the Executive’s assignee, shall have the right to designate the Beneficiary Beneficiary/ies of an amount of death proceeds proceeds, in the aggregate, as specified in Section 2.2.1 or 2.2.2. The Executive shall also have the right to elect and change settlement distribution options with respect to the Executive’s Interest by providing written notice to the Bank and the Insurer. Without limiting the foregoing, in no event shall the Executive or any Beneficiary of the Executive’s Interest have access to any Policy’s cash value.

Executive’s Interest. The Executive, or the Executive’s assignee, shall have the right to designate the Beneficiary of an amount of death proceeds equal to the lesser of: (i) two times the Executive’s highest Total Annual Compensation as specified determined during either the current calendar year in Section 2.2.1 which the Executive’s death occurs or 2.2.2any calendar year prior to the Executive’s death; or (ii) the Net Death Proceeds. The Executive shall also have the right to elect and change settlement options with respect to the Executive’s Interest by providing written notice to the Bank Company and the Insurer.

Executive’s Interest. The Executive, or the Executive’s assignee, shall have the right to designate the Beneficiary of an amount of death proceeds as specified in Section 2.2.1 or 2.2.22.2.1. The Executive shall also have the right to elect and change settlement options with respect to the Executive’s Interest by providing written notice to the Bank and the Insurer.

Executive’s Interest. The Executive, or the Executive’s assignee, shall have the right to designate the Beneficiary of an amount of death proceeds as specified in this Section 2.2.1 or 2.2.22.2. The Executive shall also have the right to elect and change settlement options with respect to the Executive’s Interest by providing written notice to the Bank and the Insurer.

Executive’s Interest. The Executive, or the Executive’s assignee, shall have the right to designate the Beneficiary of an amount of death proceeds as specified in Section 2.2.1 or 2.2.22.2.1. The Executive shall also have the right to elect and change settlement options with respect to the Executive’s Interest by providing written notice to the Bank and the Insurer.. BANK’34 Split Dollar Life Insurance Agreement