Common use of Executive’s Interest Clause in Contracts

Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the Policy in the amount of $2,401,295. The Executive shall also have the right to elect and change settlement options that may be permitted. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 below.

Appears in 1 contract

Sources: Salary Continuation Agreement (Vib Corp)

Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the Policy in the amount of $2,401,2952,193,279. The Executive shall also have the right to elect and change settlement options that may be permitted. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 below.

Appears in 1 contract

Sources: Salary Continuation Agreement (Vib Corp)

Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the Policy in the amount of $2,401,2953,238,556. The Executive shall also have the right to elect and change settlement options that may be permitted. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 below.

Appears in 1 contract

Sources: Salary Continuation Agreement (Vib Corp)

Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the Policy in the amount of $2,401,2952,928,249. The Executive shall also have the right to elect and change settlement options that may be permitted. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 below.

Appears in 1 contract

Sources: Salary Continuation Agreement (Vib Corp)

Executive’s Interest. The Executive shall have the right to designate the beneficiary beneficiary(ies) of death proceeds of the Policy in the amount of $2,401,2951,000,000. The Executive shall also have the right to elect and change settlement options specified in the Policy that may be permitted. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 below.

Appears in 1 contract

Sources: Key Man Split Dollar Agreement (Unb Corp/Oh)

Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the Policy in the amount of $2,401,2954,108,111. The Executive shall also have the right to elect and change settlement options that may be permitted. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 below.

Appears in 1 contract

Sources: Salary Continuation Agreement (Vib Corp)