Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the Policy in the amount of $3,238,556. 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.
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Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the Policy in the amount of $3,238,5562,193,279. 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.
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Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the Policy in the amount of $3,238,5562,401,295. 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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Executive’s Interest. The Executive Executive, or the Executive’s assignee, shall have the right to designate the beneficiary Beneficiary of an amount of death proceeds equal to eighty percent (80%) of the Policy in the amount of $3,238,556Net Death Proceeds. The Executive shall also have the right to elect and change settlement options that may be permitted. Articles 6.1 with respect to the Executive’s Interest by providing written notice to the Bank and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 belowInsurer.
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Sources: Supplemental Life Insurance Agreement (Ameriana Bancorp)
Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceeds of from the Policy in excess of the amount of $3,238,556Net Death Proceeds. The Executive shall also have the right to elect and change settlement options for the Executive's Interest 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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Executive’s Interest. The Executive shall have the right to designate the beneficiary of death benefit proceeds of the Policy in the amount of $3,238,556***. 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.
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Sources: Salary Continuation Agreement (Monterey Bay Bancorp Inc)
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 $3,238,5561,000,000. 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.
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Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the Policy in the amount of $3,238,5562,928,249. 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.
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Executive’s Interest. The Executive shall have the right to designate the beneficiary of the death proceeds of the Policy in an amount equal to the amount lesser of (i) $3,238,556160,000.00, or (ii) the excess of the total death proceeds over 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. Articles 6.1 and 6.2 of the Agreement shall be deleted in its entirety and replaced by Articles 6.1 and 6.2 belowpermitted for such beneficiaries.
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Sources: Survivor Income Agreement (East Ridge Bancshares Inc)
Executive’s Interest. The Executive shall have the right to designate the beneficiary of death proceeds of the Policy in the amount of $3,238,5564,108,111. 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.
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