Examples of Net Death Proceeds in a sentence

In no event shall the death benefit hereunder exceed the Net Death Proceeds of the Policy.
In no event shall the death benefit exceed the Net Death Proceeds of the Policy.
Make sure you know the state regulations that are valid for the county that you are hunting.4. The maximum number of hunters per day must not be exceeded on any lease.
If the Director dies prior to Separation from Service, the Beneficiary shall be entitled to a benefit equal to One Hundred Thousand Dollars ($100,000), provided that such benefit shall not exceed the Net Death Proceeds.
If the Executive dies while actively employed by Employer prior to Retirement, and subject to Sections 2.5 and 2.6 herein, Executive’s designated beneficiary shall have the right to a death benefit (“DB”) in an amount equal to the Accrual Balance, calculated as of the date of Executive’s death, provided that in no event shall the DB exceed the greater of (i) Net Death Proceeds or (ii) premiums paid by the Employer for the Policy(ies).

More Definitions of Net Death Proceeds

Net Death Proceeds means the total death proceeds of the Policy minus the cash surrender value. 1.6 “Policy” means the specific life insurance policy or policies issued by the Insurer. 1.7 “Salary Continuation Agreement” means the Salary Continuation Agreement between the Bank and the Executive, as the same may hereafter be amended. 1.8 “Split Dollar Policy Endorsement” means the form required by the Administrator or the Insurer to indicate the Executive’s interest, if any, in a Policy on the Executive’s life.

Net Death Proceeds means the amount of total death proceeds that exceeds cash surrender value for any bank-owned life insurance policy on the Executive's life for which the Company is owner and beneficiary. Any such policy shall be a general asset of the Company, and neither the Executive nor his/her beneficiaries shall have any preferred or secured claim to such policy.

Net Death Proceeds means the total death proceeds of a Participant’s Policies minus the greater of (i) the Policies’ cash surrender value or (ii) the aggregate premiums paid by the Bank on the Policies.

Net Death Proceeds means, with respect to a Participant, the total death proceeds payable pursuant to the Participant’s Policy minus the greater of (i) the cash surrender value of such Policy or (ii) the aggregate premiums paid by the Bank on such Policy.

Net Death Proceeds means the total death proceeds of the Policy minus the greater of (x) five hundred thousand dollars ($500,000.00) or (y) the aggregate amount of premiums paid for the Policy immediately prior to the Executive's death.

Net Death Proceeds means, with respect to any Policy, the total death proceeds payable under the Policy minus the greater of (i) the cash surrender value of such Policy or (ii) the aggregate premiums paid under such Policy.