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 equal to three (3) times Compensation, not to exceed the Net Death Proceeds, subject to: (a) Forfeiture of Executive's rights upon Termination of Employment; and (b) Termination of the Agreement and the corresponding forfeiture of rights for the Executives in accordance with Section 9.1 hereof.

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: (a) Forfeiture of Executive's ’s rights upon Termination termination of Employment; and Participation as set forth in Section 2; (b) Termination of the Agreement and the corresponding forfeiture of rights for the all Executives or any one Executive in accordance with Section 9.1 9 hereof.; and

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: (a) Forfeiture of Executive's ’s rights upon Termination termination of EmploymentParticipation as set forth in Section 2.1; and and (b) Termination of the Agreement and the corresponding forfeiture of rights for the Executives in accordance with Section 9.1 Article 9 hereof.

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 the lesser of: (3i) two times Compensation, not the Executive’s highest Total Annual Compensation as determined during either the current calendar year in which the Executive’s death occurs or any calendar year prior to exceed the Executive’s death; or (ii) the Net Death Proceeds, subject to: (a) Forfeiture of . The Executive shall also have the right to elect and change settlement options with respect to the Executive's rights upon Termination of Employment; and (b) Termination of ’s Interest by providing written notice to the Agreement Company and the corresponding forfeiture of rights for the Executives in accordance with Section 9.1 hereofInsurer.