Successor in Interest. The Executive may designate a Successor (or Successors) in Interest to receive any and all amounts due the Executive in accordance with this Agreement should the Executive be deceased at any time of payment. Such designation of Successor(s) in Interest shall be made in writing and signed by the Executive. Any such designation may be made to any legal person, persons, trust or the Executive's estate as he shall determine in his sole discretion. In the event any designation shall be incomplete, or in the event the Executive shall fail to designate a Successor-in-Interest, his estate shall be deemed to be his Successor-in-Interest to receive such portion or all of the payments due hereunder. The Executive may amend, change or revoke any such designation at any time and from time to time, in the same manner.
Appears in 5 contracts
Samples: Severance and Non Compete Agreement (Medvest Holdings Corp), Severance and Non Compete Agreement (Medvest Holdings Corp), Severance and Non Compete Agreement (Medvest Holdings Corp)
