Employer’s Interest. The Employer shall have the unqualified right to receive a portion of such net proceeds equal to the Employer's Net Interest; provided, however, in no event shall the amount payable to the Employer exceed the entire amount of such net proceeds.
Appears in 3 contracts
Samples: Split Dollar Agreement (M I Schottenstein Homes Inc), Split Dollar Agreement (M I Schottenstein Homes Inc), Collateral Assignment (M I Schottenstein Homes Inc)
Employer’s Interest. The Employer shall have the unqualified right to receive a portion of such net proceeds and equal to the Employer's ’s Net Interest; , provided, however, in no event shall the amount payable to the Employer exceed the entire amount of such net proceeds.
Appears in 1 contract
