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 three (3) times Compensation, not to exceed the Net Death Proceeds, subject to:
Appears in 4 contracts
Samples: Dollar Endorsement Agreement (Heartland Bancshares Inc /In/), Dollar Endorsement Agreement (Heartland Bancshares Inc /In/), Split Dollar Endorsement Agreement (Heartland Bancshares Inc /In/)
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 equal to three (3) times Compensation$500,000, not to exceed the greater of (i) Net Death ProceedsProceeds or (ii) premiums paid by the Company, subject to:
Appears in 1 contract
Samples: Insurance Agreement (Community Financial Corp /Md/)
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 equal to three (3) times CompensationONE TIMES COMPENSATION, not to exceed the Net Death Proceeds, subject to:
Appears in 1 contract
Samples: Supplemental Life Insurance Agreement (PFS Bancorp, Inc.)
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 equal to three $400,000 (3) times Compensation, not to exceed the Net Death ProceedsFour Hundred Thousand Dollars), subject to:
Appears in 1 contract
Samples: Supplemental Life Insurance Agreement (Cooperative Bankshares Inc)
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 equal to three FIVE HUNDRED THOUSAND DOLLARS (3) times Compensation$500,000), not to exceed the Net Death Proceeds, Proceeds and subject to:
Appears in 1 contract
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 equal to three (3) times Compensation$1,000,000, not to exceed the greater of (i) Net Death ProceedsProceeds or (ii) premiums paid by the Company, subject to:
Appears in 1 contract
Samples: Supplemental Life Insurance Agreement (Community Financial Corp /Md/)
