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This excerpt taken from the PWER 8-K filed Feb 21, 2008. 11.2 Beneficiaries. The Executive
may designate one or more persons or entities as the primary and/or contingent
Beneficiaries of any Severance Benefits owing to the Executive under this
Agreement. If the Executive dies while
any amount would still be payable to him hereunder had he continued to live,
all such amounts, unless otherwise provided herein, shall be paid to the
Executive’s Beneficiary in accordance with the terms of this Agreement. If the Executive has not named a Beneficiary,
then such amounts shall be paid to the Executive’s devisee, legatee, or other
designee, or if there is no such designee, to the Executive’s estate. The Executive may make or change such
designation at any time, provided that any designation or change thereto
must be in the form of a signed writing acceptable to and received by the
Committee.
This excerpt taken from the PWER 10-K filed Mar 16, 2007. Beneficiaries.
The Executive may designate one or more persons or entities as the
primary and/or contingent Beneficiaries of any Severance Benefits owing to the
Executive under this Agreement. The
Executive may make or change such designation at any time, provided that
any designation or change thereto must be in the form of a signed writing
acceptable to and received by the Committee.
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