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. 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. Participant hereby subscribes to and purchases _____ unit(s) pursuant to the terms herein set forth. ROSE DOME PROJECT PARTICIPATION AGREEMENT COUNTERPART SIGNATURE PAGE ROSE DOME PROJECT PARTICIPATION AGREEMENT In witness whereof, the parties have executed this Participation Agreement effective the date same is accepted and signed by Operator. OPERATOR: Black Star 231 Corp. Livestock Exchange Xxxx. 0000 Xxxxxxxx, Xxxxx 000 Xxxxxx Xxxx, Xx 00000 by: ____________________________ Date:_______________ Xxx Xxxxx, President PARTICIPANT: _______________________________ ____________________________ Signature Signature _______________________________ Printed Name _______________________________ Address _______________________________ Address _______________________________ Date:______________ Tax Identification Number _______________________________ Email Address First Call payment of $138,650 X ____ units = $_____________ enclosed. EXHIBIT FOR ADJOINING LEASE #5 BLACK STAR 231 CORP. DRILLING PROGRAM: ROSE DOME PROJECT PARTICIPATION AGREEMENT This agreement is made by and between Black Star 231 Corp., hereafter referred to as Operator, and the other party or parties who sign this agreement, hereafter referred to as Participant or Participants. In consideration of the mutual promises and agreements made and to be performed by the parties as hereinafter stated, Operator and Participant agree as follows:
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. 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. With respect to each Policy, the Participant, or the Participant’s assignee, shall have the right to designate the beneficiary of an amount of death proceeds equal to the lesser of (i) Two Times Base Annual Salary of the Participant, or (ii) the dollar amount of the Participant’s Interest set forth in the Participant’s individual Split Dollar Endorsement. The death benefit paid to the designated beneficiary of the Participant or the Participant’s assignee under the Policy shall constitute the sole benefits provided under the Plan. 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. 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. 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:
