Common use of Beneficial Designation Clause in Contracts

Beneficial Designation. Any participant or retired participant shall have the right to designate a new beneficiary at any time by filing with the Committee a written request for such change, but any such change shall become effective only upon receipt of such request by the Committee, and provided that any change of beneficiary to a person other than a surviving spouse must be consented to in writing by said participant's spouse. Upon receipt by the Committee of such request the change shall relate back to and take effect as of the date such participant signs such request whether or not such participant is living at the time the Committee receives such request. If there be no designated beneficiary living or in effect at the death of such participant when any payment hereunder shall be payable to the beneficiary, then such payment shall be made as follows: To such participant's wife or husband, if living; if not living, to such participant's then living lineal descendants, in equal shares, per stirpes; if none survives, to such participant's surviving parents, equally; if neither survives, to such partici- pant's executors or administrators. 10.8

Beneficial Designation. Any participant or retired participant shall have the right to designate a new beneficiary at any time by filing with the Committee a written request for such change, but any such change shall become effective only upon receipt of such request by the Committee. If the payment is made as a result of the death of the participant, and provided that any change of beneficiary the payment shall be made to a person other than a the surviving spouse must of the participant, if any, unless the participant and the spouse have requested a distribution to any other beneficiary. Any such request shall be consented to in writing written and on forms prescribed by said participant's spousethe Adminis-trative Committee. Upon receipt by the Committee of such request request, the change shall relate back to and take effect as of the date such participant signs such request whether or not such participant is living at the time the Committee receives such request. If there be no designated beneficiary living or in effect at the death of such participant when any payment hereunder shall be payable to the beneficiary, then such payment shall be made as follows: To such participant's ’s wife or husband, if living; if not living, to such participant's ’s then living lineal descendants, in equal shares, per stirpes; if none survives, to such participant's ’s surviving parents, equally; if neither survives, to such partici- pant's participant’s executors or administrators. 10.88.10

Beneficial Designation. Any participant or retired participant shall have the right to designate a new beneficiary at any time by filing with the Committee a written request for such change, but any such change shall become effective only upon receipt of such request by the Committee. If the payment is made as a result of the death of the participant, and provided that any change of beneficiary the payment shall be made to a person other than a the surviving spouse must of the participant, if any, unless the participant and the spouse have requested a distribution to any other beneficiary. Any such request shall be consented to in writing written and on forms prescribed by said participant's spousethe Adminis-trative Committee. Upon receipt by the Committee of such request request, the change shall relate back to and take effect as of the date such participant signs such request whether or not such participant is living at the time the Committee receives such request. If there be no designated beneficiary living or in effect at the death of such participant when any payment hereunder shall be payable to the beneficiary, then such payment shall be made as follows: To such participant's wife or husband, if living; if not living, to such participant's then living lineal descendants, in equal shares, per stirpes; if none survives, to such participant's surviving parents, equally; if neither survives, to such partici- pantparticipant's executors or administrators. 10.8.

Beneficial Designation. Any participant or retired participant shall have the right to designate a new beneficiary at any time by filing with the Committee a written request for such change, but any such change shall become effective only upon receipt of such request by the Committee. If the payment is made as a result of the death of the participant, and provided that any change of beneficiary the payment shall be made to a person other than a the surviving spouse must of the participant, if any, unless the participant and the spouse have requested a distribution to any other beneficiary. Any such request shall be consented to in writing written and on forms prescribed by said participant's spousethe Adminis- trative Committee. Upon receipt by the Committee of such request request, the change shall relate back to and take effect as of the date such participant signs such request whether or not such participant is living at the time the Committee receives such request. If there be no designated beneficiary living or in effect at the death of such participant when any payment hereunder shall be payable to the beneficiary, then such payment shall be made as follows: To such participant's wife or husband, if living; if not living, to such participant's then living lineal descendants, in equal shares, per stirpes; if none survives, to such participant's surviving parents, equally; if neither survives, to such partici- pantparticipant's executors or administrators. 10.88.10

Beneficial Designation. Any participant or retired participant shall have the right to designate a new beneficiary at any time by filing with the Committee a written request for such change, but any such change shall become effective only upon receipt of such request by the Committee, and provided that any change of beneficiary to a person other than a surviving spouse must be consented to in writing by said participant's ’s spouse. Upon receipt by the Committee of such request the change shall relate back to and take effect as of the date such participant signs such request whether or not such participant is living at the time the Committee receives such request. If there be no designated beneficiary living or in effect at the death of such participant when any payment hereunder shall be payable to the beneficiary, then such payment shall be made as follows: To such participant's ’s wife or husband, if living; if not living, to such participant's ’s then living lineal descendants, in equal shares, per stirpes; if none survives, to such participant's ’s surviving parents, equally; if neither survives, to such partici- partici-pant's ’s executors or administrators. 10.8

Beneficial Designation. Any participant or retired participant shall have the right to designate a new beneficiary at any time by filing with the Committee a written request for such change, but any such change shall become effective only upon receipt of such request by the Committee, and provided that any change of beneficiary to a person other than a surviving spouse must be consented to in writing by said participant's spouse. Upon receipt by the Committee of such request the change shall relate back to and take effect as of the date such participant signs such request whether or not such participant is living at the time the Committee receives such request. If there be no designated beneficiary living or in effect at the death of such participant when any payment hereunder shall be payable to the beneficiary, then such payment shall be made as follows: To such participant's wife or husband, if living; if not living, to such participant's then living lineal descendants, in equal shares, per stirpes; if none survives, to such participant's surviving parents, equally; if neither survives, to such partici- partici-pant's executors or administrators. 10.8.