Executive’s Interest Sample Clauses

Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Upon the termination of this Agreement according to Article 7 herein, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy and no death benefit shall be paid under this Section 2.2.
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Executive’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 Section 2.2.1 or 2.2.2. 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 Bank and the Insurer.
Executive’s Interest. The Executive shall have the right to designate the beneficiary of $150,000 of death proceeds from the Policy, provided such amount does not exceed the Net Death Proceeds. The Executive shall also have the right to elect and change settlement options for the Executive's Interest that may be permitted. However, the Executive, the Executive's transferee or the Executive's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this Section 2.2 upon the Executive's Termination of Employment prior to Normal Retirement Age.
Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceeds of the Policy to the extent the proceeds exceed the cash surrender value of the Policy on the day before the Executive's death. The Executive shall also have the right to elect and change settlement options that may be permitted for such beneficiary.
Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds in the amount of $109,001. The Executive shall also have the right to elect and change settlement options specified in the Policy that may be permitted. However, the Executive, the Executive's transferee or the Executive's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this Section 2.2 if the Executive is not in the full-time employment of the Bank at the time of death, except for reason of a leave of absence approved by the Bank.
Executive’s Interest. The Executive, or the Executive's assignee, shall have the right to designate the Beneficiary of an amount of death proceeds equal to three (3) times Compensation, not to exceed the Net Death Proceeds, subject to:
Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds in the amount of $658,364 upon the death of the Executive: a) prior to Normal Retirement Date while employed by the Company; or b) after Termination of Employment and while receiving, waiting to receive or having received a benefit under the Salary Continuation Agreement. The Executive shall also have the right to elect and change settlement options that may be permitted. In the event the Executive was not eligible for a benefit under the Salary Continuation Agreement, the Executive, the Executive’s transferee or the Executive’s beneficiary shall have no rights or interests in the Policy and no death benefit shall be paid under this Section 2.2.
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Executive’s Interest. Subject to the provisions of Article 10, Executive shall have the right to designate the beneficiary of the Net Death Proceeds. Executive shall also have the right to elect and change settlement options that may be permitted.
Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the Policy in the amount of $457,346. The Executive shall also have the right to elect and change settlement options that may be permitted. However, the Executive, the Executive's transferee or the Executive's beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this section 2.2 if the Executive ceases to be employed by the Employer for any reason whatsoever prior to Normal Retirement Age (other than by reason of a leave of absence which is approved by the Employer) and has received or had the opportunity to receive any benefit under the Executive Salary Continuation Agreement dated June 2, 1994, and a first Amendment thereto of even date herewith, between the Employer and the Executive (collectively the "Salary Continuation Agreement").
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.
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