Common use of Executive’s Interest Clause in Contracts

Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the Policy in the amount of $4,108,111. The Executive shall also have the right to elect and change settlement options that may be permitted. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 below.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the Policy in the amount of $4,108,1112,928,249. The Executive shall also have the right to elect and change settlement options that may be permitted. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 below.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of death benefit proceeds of the Policy in the amount of $4,108,111***. The Executive shall also have the right to elect and change settlement options that may be permitted. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 below.

Executive’s Interest. The Executive shall have the right to designate the beneficiary beneficiary(ies) of death proceeds of the Policy in the amount of $4,108,1111,000,000. The Executive shall also have the right to elect and change settlement options specified in the Policy that may be permitted. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 below.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the Policy in the amount of $4,108,1112,193,279. The Executive shall also have the right to elect and change settlement options that may be permitted. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 below.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceeds of the Policy in an amount equal to the amount lesser of (i) $4,108,111160,000.00, 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. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 belowpermitted for such beneficiaries.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceeds of the Policy in to the amount extent the proceeds exceed the cash surrender value of $4,108,111the 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. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 belowpermitted for such beneficiary.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceeds of the Policy in an amount equal to the amount lesser of $4,108,111(i) one 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. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 belowpermitted for such beneficiaries.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the Policy in the amount of $4,108,1113,238,556. The Executive shall also have the right to elect and change settlement options that may be permitted. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 below.