Executive’s Interest. Subject to the provisions of Article 10, Executive shall have the right to designate the beneficiary of the Net Death Proceeds. Executive shall also have the right to elect and change settlement options that may be permitted.
Appears in 5 contracts
Samples: Supplemental Executive Retirement Plan Agreement (CCFNB Bancorp Inc), Supplemental Executive Retirement Plan Agreement (CCFNB Bancorp Inc), Supplemental Executive Retirement Plan Agreement (CCFNB Bancorp Inc)
Executive’s Interest. Subject to the provisions of Article 10, Executive shall have the right to designate the beneficiary (on attached Designation of Beneficiary form) of the Net Death ProceedsBenefit Proceeds under Section 3.1.1. Executive shall also have the right to elect and change settlement options that may be permittedpermitted by Bank.
Appears in 2 contracts
Samples: Supplement Executive Retirement Plan Agreement (First Perry Bancorp, Inc), Supplement Executive Retirement Plan Agreement (First Perry Bancorp, Inc)
