Common use of Beneficiary Designation Clause in Contracts

Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s death.

Appears in 19 contracts

Samples: Salary Continuation Agreement, Salary Continuation Agreement (First Reliance Bancshares Inc), Salary Continuation Agreement (First Reliance Bancshares Inc)

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Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary 's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s 's death.

Appears in 11 contracts

Samples: Salary Continuation Agreement (West Pointe Bancorp Inc), Salary Continuation Agreement (Peoples Bancorporation Inc /Sc/), Salary Continuation Agreement (West Pointe Bancorp Inc)

Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s death.

Appears in 10 contracts

Samples: Salary Continuation Agreement (Eagle Bancorp Montana, Inc.), Salary Continuation Agreement (Eagle Bancorp Montana, Inc.), Supplemental Executive Retirement Plan Agreement (Select Bancorp, Inc.)

Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s 's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s 's death.

Appears in 9 contracts

Samples: Salary Continuation Agreement (Community First Bancorp), Salary Continuation Agreement (Community Capital Bancshares Inc), Salary Continuation Agreement (BNC Bancorp)

Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s 's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s 's death.

Appears in 8 contracts

Samples: Salary Continuation Agreement (West Pointe Bancorp Inc), Executive Deferred Compensation Agreement (PSB Holdings Inc /Wi/), Salary Continuation Agreement (Heartland Bancshares Inc/Fl)

Beneficiary Designation. Change. The Executive shall designate designates a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed is automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to may change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be are cancelled. The Plan Administrator shall be is entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s death.

Appears in 6 contracts

Samples: Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc), Salary Continuation Agreement (Cortland Bancorp Inc)

Beneficiary Designation. Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Director's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before the Executive’s Director's death.

Appears in 4 contracts

Samples: Deferred Compensation and Income Continuation Agreement (Citizens South Banking Corp), Deferred Compensation and Income Continuation Agreement (Citizens South Banking Corp), Director Retirement Agreement (Citizens South Banking Corp)

Beneficiary Designation. Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The ExecutiveDirector’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the ExecutiveDirector’s death.

Appears in 4 contracts

Samples: Director Retirement Agreement (Middlefield Banc Corp), Director Retirement Agreement (Middlefield Banc Corp), Director Retirement Agreement (Middlefield Banc Corp)

Beneficiary Designation. Change. The Executive Executives shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary 's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Executives shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s 's death.

Appears in 4 contracts

Samples: Salary Continuation Agreement (National Bankshares Inc), Salary Continuation Agreement (National Bankshares Inc), Salary Continuation Agreement (National Bankshares Inc)

Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s 's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time firm to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s 's death.

Appears in 3 contracts

Samples: Salary Continuation Agreement (American River Bankshares), Salary Continuation Agreement (American River Bankshares), Salary Continuation Agreement (American River Bankshares)

Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s death.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Ottawa Savings Bancorp, Inc.), Salary Continuation Agreement (Ottawa Savings Bancorp, Inc.), Salary Continuation Agreement (Ottawa Savings Bancorp, Inc.)

Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and but the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s death.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Newmil Bancorp Inc), Salary Continuation Agreement (Newmil Bancorp Inc)

Beneficiary Designation. ChangeCHANGE. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s 's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s 's death.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Intermountain Community Bancorp), Salary Continuation Agreement (Intermountain Community Bancorp)

Beneficiary Designation. Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Director's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before prior to the Executive’s Director's death.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Appalachian Bancshares Inc), Director Deferred Incentive Agreement (Home Federal Bancorp Inc)

Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary 's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation 113 Form, all Beneficiary beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s 's death.

Appears in 1 contract

Samples: Salary Continuation Agreement (Service 1st Bancorp)

Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary 's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation 99 Form, all Beneficiary beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s 's death.

Appears in 1 contract

Samples: Salary Continuation Agreement (Service 1st Bancorp)

Beneficiary Designation. Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Director's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before the Executive’s Director's death.. 364

Appears in 1 contract

Samples: Director Retirement Agreement (Citizens South Banking Corp)

Beneficiary Designation. Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Director's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before the Executive’s Director's death.. 304

Appears in 1 contract

Samples: Deferred Compensation and Income Continuation Agreement (Citizens South Banking Corp)

Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary 's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s 's death.

Appears in 1 contract

Samples: Salary Continuation Agreement (Service 1st Bancorp)

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Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s 's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s 's death.. 195

Appears in 1 contract

Samples: Salary Continuation Agreement (Citizens South Banking Corp)

Beneficiary Designation. Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary Director's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before prior to the Executive’s Director's death.

Appears in 1 contract

Samples: Director Retirement Agreement (Ohio Valley Banc Corp)

Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s 's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolveddissolved or otherwise terminated by court order. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s 's death.

Appears in 1 contract

Samples: Salary Continuation Agreement (Central Federal Corp)

Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s 's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by 161 completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s 's death.

Appears in 1 contract

Samples: Salary Continuation Agreement (Citizens South Banking Corp)

Beneficiary Designation. Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The ExecutiveDirector’s Beneficiary beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before prior to the ExecutiveDirector’s death.

Appears in 1 contract

Samples: Director Retirement Agreement (Cape Bancorp, Inc.)

Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelledcanceled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s death.

Appears in 1 contract

Samples: Salary Continuation Agreement (Investar Holding Corp)

Beneficiary Designation. Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Director's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s Director's death.

Appears in 1 contract

Samples: Director Retirement Agreement (First South Bancorp Inc)

Beneficiary Designation. Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The ExecutiveDirector’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before the ExecutiveDirector’s death.

Appears in 1 contract

Samples: Director Retirement Agreement

Beneficiary Designation. Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Director's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before the Executive’s Director's death.. 352

Appears in 1 contract

Samples: Director Retirement Agreement (Citizens South Banking Corp)

Beneficiary Designation. Change. The Executive Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Director's Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive Director or if the Executive Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive Director shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive Director and accepted by the Plan Administrator before the Executive’s Director's death.. 400

Appears in 1 contract

Samples: Director Retirement Agreement (Citizens South Banking Corp)

Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s death.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Cambridge Bancorp)

Beneficiary Designation. Change. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form Form, and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary 's beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s 's rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation 126 Form, all Beneficiary beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before prior to the Executive’s 's death.

Appears in 1 contract

Samples: Salary Continuation Agreement (Service 1st Bancorp)

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