Common use of Alternate Xxxxx’s Death Clause in Contracts

Alternate Xxxxx’s Death. If the Alternate Payee dies prior to his/her benefit commencement date, the Plan shall distribute the Alternate Payee’s assigned benefit to his/her beneficiary(ies) or, if the Plan does not permit such distribution, the assigned benefit shall revert to the Participant. If the Alternate Payee dies after commencement of his/her benefit, the Plan will pay any remaining benefits in accordance with the form of benefit the Alternate Payee elected.

Appears in 3 contracts

Samples: Model Separation Agreement, Model Separation Agreement, Model Separation Agreement

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Alternate Xxxxx’s Death. If the Alternate Payee dies prior to distribution of his/her benefit commencement dateentire account balance, the Plan all remaining benefits shall distribute be paid to the Alternate Payee’s assigned benefit to his/her beneficiary(ies) or, if ). In the Plan does not permit such distributionabsence of a beneficiary form, the assigned benefit shall revert Alternate Payee’s benefits will be paid to the Participant. If the Alternate Payee dies after commencement of his/her benefit, the Plan estate or will pay any remaining benefits be distributed in accordance with the form of benefit the Alternate Payee electedPlan’s terms.

Appears in 3 contracts

Samples: Model Separation Agreement, Model Separation Agreement, Model Separation Agreement

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Alternate Xxxxx’s Death. If the Alternate Payee dies prior to distribution of his/her benefit commencement dateentire account balance, the Plan all remaining benefits shall distribute be paid to the Alternate Payee’s assigned benefit beneficiary(ies). In the absence of a designated beneficiary, the Alternate Payee’s benefits will be paid to his/her beneficiary(ies) or, if the Plan does not permit such distribution, the assigned benefit shall revert to the Participant. If the Alternate Payee dies after commencement of his/her benefit, the Plan estate or will pay any remaining benefits be distributed in accordance with the form of benefit the Alternate Payee electedPlan’s terms.

Appears in 1 contract

Samples: abelqdros.com

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