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 in the amount of $658,364 upon the death of the Executive: a) prior to Normal Retirement Date while employed by the Company; or b) after Termination of Employment and while receiving, waiting to receive or having received a benefit under the Salary Continuation Agreement. The Executive shall also have the right to elect and change settlement options that may be permitted. In the event the Executive was not eligible for a benefit under the Salary Continuation Agreement, 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 death proceeds in the amount of $658,364 77,325 upon the death of the Executive: a) prior to Normal Retirement Date while employed by the Company; or b) after Termination of Employment and while receiving, waiting to receive or having received a benefit under the Salary Continuation Agreement. The Executive shall also have the right to elect and change settlement options that may be permitted. In the event the Executive was not eligible for a benefit under the Salary Continuation Agreement, 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 death proceeds in the amount of $658,364 977,818 upon the death of the Executive: a) prior to Normal Retirement Date while employed by the Company; or b) after Termination of Employment and while receiving, waiting to receive or having received a benefit under the Salary Continuation Agreement. The Executive shall also have the right to elect and change settlement options that may be permitted. In the event the Executive was not eligible for a benefit under the Salary Continuation Agreement, 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 death proceeds in the amount of $658,364 1,500,000 upon the death of the Executive: , a) prior to Normal Norm Retirement Date Age while employed by the Company; or b) after Normal Retirement Date or after Termination of Employment and while receiving, waiting due to receive Disability or having received a benefit under Change of Control as defined in the Salary Continuation Agreement. The Executive shall also have the right to elect and change settlement options that may be permitted. In Upon the event the Executive was not eligible for a benefit under the Salary Continuation Agreementtermination 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 death proceeds in the amount of $658,364 877,818 upon the death of the Executive: a) prior to Normal Retirement Date while employed by the Company; or b) after Termination of Employment and while receiving, waiting to receive or having received a benefit under the Salary Continuation Agreement. The Executive shall also have the right to elect and change settlement options that may be permitted. In the event the Executive was not eligible for a benefit under the Salary Continuation Agreement, 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 death proceeds in the amount of $658,364 850,000 upon the death of the Executive: a) prior to Normal Retirement Date Age while employed by the Company; or b) after Normal Retirement Date or after Termination of Employment and while receivingdue to Disability or Change of Control, waiting to receive or having received a benefit under as defined in the Salary Continuation Agreement. The Executive shall also have the right to elect and change settlement options that may be permitted. In Upon the event the Executive was not eligible for a benefit under the Salary Continuation Agreementtermination 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 death proceeds in the amount of $658,364 1,050,000 upon the death of the Executive: , a) prior to Normal Norm Retirement Date Age while employed by the Company; or b) after Normal Retirement Date or after Termination of Employment and while receiving, waiting due to receive Disability or having received a benefit under Change of Control as defined in the Salary Continuation Agreement. The Executive shall also have the right to elect and change settlement options that may be permitted. In Upon the event the Executive was not eligible for a benefit under the Salary Continuation Agreementtermination 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.