Common use of BENEFICIARY DESIGNATION RIGHTS Clause in Contracts

BENEFICIARY DESIGNATION RIGHTS. Insured Participant (or his/her assignee) shall have the right and power to designate a beneficiary or beneficiaries to receive his/her share of the proceeds payable on Insured Participant’s death, but subject to any right or interest the Corporation may have in such proceeds as provided in the Plan. If at the time of Insured Participant’s death no valid beneficiary designation form is on file for Insured Participant, then Insured Participant’s beneficiary will be his/her surviving spouse if married (or the representative of his/her estate if not married). KCP-4253800-2

BENEFICIARY DESIGNATION RIGHTS. Insured Participant (or his/her assignee) shall have the right and power to designate a beneficiary or beneficiaries to receive his/her share of the proceeds payable on Insured Participant’s 's death, but subject to any right or interest the Corporation may have in such proceeds as provided in the Plan. If at the time of Insured Participant’s 's death no valid beneficiary designation form is on file for Insured Participant, then Insured Participant’s 's beneficiary will be his/her surviving spouse if married (or the representative of his/her estate if not married). KCP-4253800-2

BENEFICIARY DESIGNATION RIGHTS. Insured Participant (or his/her assignee) shall have the right and power to designate a beneficiary or beneficiaries to receive his/her share of the proceeds payable on Insured Participant’s death, but subject to any right or interest the Corporation may have in such proceeds as provided in the Plan. If at the time of Insured Participant’s death no valid beneficiary designation form is on file for Insured Participant, then Insured Participant’s 's beneficiary will be his/her surviving spouse if married (or the representative of his/her estate if not married). KCP-4253800-2

BENEFICIARY DESIGNATION RIGHTS. Insured Participant (or his/her assignee) shall have the right and power to designate a beneficiary or beneficiaries to receive his/her share of the proceeds payable on Insured Participant’s death, but subject to any right or interest the Corporation may have in such proceeds as provided in the Plan. If at the time of Insured Participant’s 's death no valid beneficiary designation form is on file for Insured Participant, then Insured Participant’s beneficiary will be his/her surviving spouse if married (or the representative of his/her estate if not married). KCP-4253800-2