Common use of Absence or Death of Beneficiaries Clause in Contracts

Absence or Death of Beneficiaries. If a Participant dies without having a beneficiary designation then in force, or if all of the Beneficiaries designated by a Participant predecease him, his Beneficiary shall be his surviving spouse, or if none, his surviving children, equally, or if none, such other heirs or the executor or administrator of his estate as the Plan Administrator shall select. If a Participant dies survived by Beneficiaries designated by him and if all such surviving Beneficiaries thereafter die before complete distribution of such deceased Participant's interest, the estate of the last of such designated Beneficiaries to survive shall be deemed to be the Beneficiary of the undistributed portion of such interest.

Absence or Death of Beneficiaries. If Except with respect to the process of any life insurance payable upon the death of the Participant, if a Participant dies without having a beneficiary Beneficiary designation then in force, or if all of the Participant’s Designated Beneficiaries designated by a Participant predecease him, his Beneficiary shall be his surviving spouse, or if none, his surviving children, equally, or if none, such other heirs heirs, or the executor or administrator of his estate estate, as the Plan Administrator shall select. If Unless otherwise designated by the Participant, if a Participant dies and is survived by Beneficiaries designated by him and if all some, but not all, of his Designated Beneficiaries, such surviving Beneficiaries thereafter die shall be deemed his sole Beneficiaries. In the event that a surviving Beneficiary dies before the complete distribution of such the deceased Participant's ’s interest, the estate of the last of such designated Beneficiaries to survive Beneficiary shall be deemed to be the Beneficiary of the undistributed portion of such interest.

Absence or Death of Beneficiaries. If a Participant dies without having a beneficiary Beneficiary designation then in force, or if all of the Beneficiaries designated by a Participant predecease him, his Beneficiary shall be his surviving spouse, or if none, his surviving children, equally, or if none, such other heirs heirs, or the executor or administrator of his estate estate, as the Plan Administrator shall select. If Unless otherwise designated by the Participant, if a Participant dies and is survived by some, but not all, of the Beneficiaries designated by him and if all him, such surviving Beneficiaries thereafter die shall be deemed his sole Beneficiaries. In the event that a surviving Beneficiary dies before the complete distribution of such the deceased Participant's interest, the estate of the last of such designated Beneficiaries to survive Beneficiary shall be deemed to be the Beneficiary of the undistributed portion of such interest.. 14535 57 05/01/07