Common use of Executive’s Interest Clause in Contracts

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 $150,000 165,000 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 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 $150,000 of any remaining death proceeds from of 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. HoweverProvided, 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 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 $150,000 of death proceeds from of the Policy, provided such Policy in the amount does not exceed the Net Death Proceedsof $880,000. The Executive shall also have the right to elect and change settlement options for the Executive's Interest that may be permitted. HoweverProvided, however, the Executive, the Executive's ’s transferee or the Executive's ’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 if the Executive's Termination of Employment Executive terminates employment with the Company prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of $150,000 of any remaining death proceeds from of 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 maybe permitted. HoweverProvided, however, the Executive, the Executive's ’s transferee or the Executive's ’s beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this Section section 2.2 upon the Executive's ’s Termination of Employment prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of $150,000 250,000 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 $150,000 2,245,000 of death proceeds from of the Policy not to exceed the net death proceeds of 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 section 2.2 upon the Executive's Voluntary Termination of Employment prior to Normal Retirement Ageor Termination for Cause.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of $150,000 165,000 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 way 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 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 $150,000 of any-remaining death proceeds from of the Policy, provided such Policy after payment of the amount does not exceed due the Net Death ProceedsCompany under Section 2,1. The Executive shall also have the right to elect and change settlement options for the Executive's Interest that may be permitted. HoweverProvided, 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 $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 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 $150,000 an amount equal to __________________ of death proceeds from Net Death Proceeds of 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 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 $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.Death

Executive’s Interest. The Executive shall have the right to designate the beneficiary of $150,000 of any remaining death proceeds from of 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. HoweverProvided, however, the Executive, the Executive's ’s transferee or the Executive's ’s beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this Section the section 2.2 upon the Executive's ’s Termination of Employment prior to Normal Retirement Age.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of $150,000 82,500 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 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 $150,000 an amount equal to 100 percent of death proceeds from the Policy, provided such amount does not exceed the Net Death ProceedsProceeds of the Policy. 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 ’s transferee or the Executive's ’s beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this Section section 2.2 upon the Executive's Termination of Employment prior to Normal Retirement Age’s Voluntary Early Termination.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of $150,000 250,000 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 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 $150,000 350,000 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 ’s transferee or the Executive's ’s beneficiary shall have no rights or interests in the Policy with respect to that portion of the death proceeds designated in this Section section 2.2 upon the Executive's ’s Termination of Employment prior to Normal Retirement Agefor reasons other than the Executive’s death.

Executive’s Interest. The Executive shall have the right to designate the beneficiary of $150,000 an amount equal to 100 percent of death proceeds from the Policy, provided such amount does not exceed the Net Death ProceedsProceeds of the Policy. 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 section 2.2 upon the Executive's Termination of Employment prior to Normal Retirement AgeVoluntary Early Termination.