Beneficiaries; Dependents Clause Samples
The 'Beneficiaries; Dependents' clause defines who is eligible to receive benefits or rights under an agreement, typically specifying individuals such as family members, spouses, or other dependents of a primary party. This clause outlines the criteria for qualifying as a beneficiary or dependent, which may include legal relationships, financial reliance, or other specified conditions. Its core function is to ensure clarity regarding who is entitled to receive benefits, thereby preventing disputes and misunderstandings about eligibility.
Beneficiaries; Dependents. References in this Agreement to Carrier Group Employees, Former Carrier Group Employees, Otis Group Employees, Former Otis Group Employees, UTC Group Employees, Former UTC Group Employees, Carrier Transferred Directors, Otis Transferred Directors, and UTC Non-Employee Directors shall be deemed to refer to their beneficiaries, dependents, survivors and alternate payees, as applicable.
Beneficiaries; Dependents. References in this Agreement to Corebridge Group Employees, Former Corebridge Group Employees, AIG Group Employees and Former AIG Group Employees shall be deemed to refer to their beneficiaries, dependents, survivors and alternate payees, as applicable.