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Provision: Beneficiaries

Sample Provision

The executive shall be entitled to select (and change, to the extent permitted under the any applicable law) a beneficiary or beneficiaries to receive any compensation or benefit payable hereunder following the executive's death by giving the company written notice thereof. In the event of the executive's death or a judicial determination of his incompetence, reference in this agreement to the executive shall be deemed, where appropriate, to refer to his beneficiary, a state or other legal representatives.

Employment Contract Provision Index