Participant’s Interest. Each Participant, or the Participant's assignee, shall have the right to designate the beneficiary of the death proceeds of the Policy remaining after the payment to the Company of its interests. The Participant shall also have the right to elect and change settlement options with the consent of the Company and the Insurer.
Participant’s Interest. Each Participant, or the Participant’s assignee, shall have the right to designate the beneficiary of the death proceeds of the Policy as specified in Section 4.2.1 or 42.2. The Participant shall also have the right to elect and change settlement options.
Participant’s Interest. With respect to each Policy, the Participant or the Participant's assignee shall have the right to designate the beneficiary of one of the following death benefit amounts:
Participant’s Interest. The Participant shall have the right to designate the beneficiary of any remaining death proceeds of the Policies. The Participant shall also have the right to elect and change settlement options that may be permitted. Provided, however, the Participant, the Participant’s transferee or the Participant’s beneficiary shall have no rights or interests in the Policies with respect to that portion of the death proceeds designated in this section 2.2 upon the Participant’s Termination of Service prior to Normal Retirement Age.
Participant’s Interest. Participant hereby elects to earn a 12.5% working interest after payout in the Leases pursuant to the terms of this Agreement and the JOA by participating in the drilling of the Test Well.
Participant’s Interest. Except as otherwise provided in the Plan or this Trust Agreement, no Participant or beneficiary under the Plan shall have any interest in or right to the Plan Assets and, to the full extent of all applicable laws, the assets of this Trust shall not be subject to any form of attachment, garnishment, sequestration, or other actions afforded creditors of any Participant or beneficiary.
Participant’s Interest. Each Participant, or the Participant's assignee, shall have the right to designate the beneficiary of the remaining death proceeds of the Policy not paid to the Company as set forth in Section 3.1
Participant’s Interest. Before Payout: Prospect Well 1 (see Section II. 1.) Gross Working Interest: 75% Net Revenue Interest: 56.25% After Payout: Prospect Well 1 (see Section II. 1.) Gross Working Interest: 50.0% Net Revenue Interest: 37.5%
Participant’s Interest. Unless or until the Participant’s rights under the Plan shall terminate as provided in Section 2.3, with respect to the Policy or Policies, the Participant shall have the right to designate the beneficiary of the death benefit amounts set forth in the Participant’s individual Split Dollar Policy Endorsement.
