2Executive’s Interest. The Executive, or the Executive’s assignee, shall have the right to designate the Beneficiary of an amount of death proceeds as specified in this Section 2.2. The Executive shall also have the right to elect and change settlement options with respect to the Executive’s interest by providing written notice to the Employer and the Insurer.
Appears in 3 contracts
Sources: Split Dollar Life Insurance Agreement (Fidelity D & D Bancorp Inc), Split Dollar Life Insurance Agreement (Fidelity D & D Bancorp Inc), Split Dollar Life Insurance Agreement (Fidelity D & D Bancorp Inc)