Common use of Beneficiary Designation Clause in Contracts

Beneficiary Designation. The Executive shall make an initial designation of primary and secondary Beneficiaries upon execution of this Agreement and shall have the right to change such designation, at any subsequent time, by submitting to (i) the Administrator, and (ii) the trustee of the Retirement Income Trust Fund, in substantially the form attached as Exhibit B to this Agreement, a written designation of primary and secondary Beneficiaries. Any Beneficiary designation made subsequent to execution of this Agreement shall become effective only when receipt thereof is acknowledged in writing by the Administrator.

Appears in 26 contracts

Samples: Executive Supplemental Retirement Income Agreement (United Community Bancorp), Supplemental Executive Retirement Plan (West End Indiana Bancshares, Inc.), Executive Supplemental Retirement Income Agreement (Magyar Bancorp, Inc.)

AutoNDA by SimpleDocs

Beneficiary Designation. The Executive shall make an initial designation of primary and secondary Beneficiaries upon execution of this his Joinder Agreement and shall have the right to change such designation, at any subsequent time, by submitting to (i) the Administrator, and (ii) the trustee of the Retirement Income Trust Fund, Administrator in substantially the form attached as Exhibit B A to this the Joinder Agreement, a written designation of primary and secondary Beneficiaries. Any Beneficiary designation made subsequent to execution of this the Joinder Agreement shall become effective only when receipt thereof is acknowledged in writing by the Administrator.

Appears in 13 contracts

Samples: Executive Deferred Compensation Master Agreement (Oceanfirst Financial Corp), Executive Supplemental Benefit Plan (Lake Shore Bancorp, Inc.), Executive Supplemental Retirement Income Agreement (Prestige Financial Corp)

Beneficiary Designation. The Executive Director shall make an initial designation of primary and secondary Beneficiaries upon execution of this Agreement and shall have the right to change such designation, at any subsequent time, by submitting to (i) the Administrator, and (ii) the trustee of the Retirement Income Trust Fund, in substantially the form attached as Exhibit B to this Agreement, a written designation of primary and secondary Beneficiaries. Any Beneficiary designation made subsequent to execution of this Agreement shall become effective only when receipt thereof is acknowledged in writing by the Administrator.

Appears in 9 contracts

Samples: Director Retirement Plan (West End Indiana Bancshares, Inc.), Director Supplemental Retirement Income and Deferred Compensation Agreement (Magyar Bancorp, Inc.), Director Supplemental Retirement Income and Deferred Compensation Agreement (Magyar Bancorp, Inc.)

Beneficiary Designation. The Executive shall make an initial designation of primary and secondary Beneficiaries upon execution initial participation in the Agreement by completion of this Agreement a Beneficiary form substantially in the form attached as Exhibit A, and shall have the right to change such the designation, at any subsequent time, by submitting to (i) the Administrator, and (ii) the trustee of the Retirement Income Trust Fund, in substantially the form attached as Exhibit B to this Agreement, a written designation of primary and secondary Beneficiaries. Any Beneficiary designation made subsequent to execution of this Agreement shall become effective only when receipt thereof is acknowledged in writing by the Administrator.

Appears in 9 contracts

Samples: Supplemental Executive Retirement Agreement (Berkshire Hills Bancorp Inc), Supplemental Executive Retirement Agreement (Standard AVB Financial Corp.), Supplemental Executive Retirement Agreement (Standard AVB Financial Corp.)

Beneficiary Designation. The Executive Director shall make an initial designation of primary and secondary Beneficiaries upon execution of this Agreement and shall have the right to change such designation, at any subsequent time, by submitting to (i) the Administrator, and AND (ii) the trustee of the Retirement Income Trust Fund, in substantially the form attached as Exhibit B to this Agreement, a written designation of primary and secondary Beneficiaries. Any Beneficiary designation made subsequent to execution of this Agreement shall become effective only when receipt thereof is acknowledged in writing by the Administrator.

Appears in 8 contracts

Samples: Director Supplemental Retirement Income and Deferred Compensation Agreement (Magyar Bancorp, Inc.), Director Supplemental Retirement Income and Deferred Compensation Agreement (Magyar Bancorp, Inc.), Director Supplemental Retirement Income and Deferred Compensation Agreement (Magyar Bancorp, Inc.)

Beneficiary Designation. The Executive shall make an initial designation of primary and secondary Beneficiaries upon execution of this the Agreement and shall have the right to change such designation, at any subsequent time, by submitting to (i) the Administrator, and (ii) the trustee of the Retirement Income Trust Fund, Administrator in substantially the form attached as Exhibit B A to this the Agreement, a written designation of primary and secondary Beneficiaries. Any Beneficiary designation made subsequent to execution of this the Agreement shall become effective only when receipt thereof is acknowledged in writing by the Administrator.

Appears in 4 contracts

Samples: Executive Supplemental Retirement Income Agreement (Marion Capital Holdings Inc), Executive Supplemental Retirement Income Agreement (Marion Capital Holdings Inc), Executive Supplemental Retirement Income Agreement (Marion Capital Holdings Inc)

Beneficiary Designation. The Executive Participant shall make an initial designation of primary and secondary Beneficiaries upon execution of this Agreement and shall have the right to change such designation, at any subsequent time, by submitting to (i) the Administrator, and (ii) the trustee of the Retirement Income Trust Fund, in substantially the form attached as Exhibit B to this Agreement, a written designation of primary and secondary Beneficiaries. Any Beneficiary designation made subsequent to execution of this Agreement shall become effective only when receipt thereof is acknowledged in writing by the Administrator.

Appears in 3 contracts

Samples: Supplemental Retirement Income Agreement (Pocahontas Bancorp Inc), Supplemental Retirement Income Agreement (Pocahontas Bancorp Inc), Supplemental Retirement Income Agreement (Pocahontas Bancorp Inc)

Beneficiary Designation. The Executive shall make an initial or re-confirm his designation of primary and secondary Beneficiaries upon execution of this Agreement and shall have the right to change such designation, at any subsequent time, by submitting to (i) the Administrator, and (ii) the trustee of the Retirement Income Trust Fund, in substantially the form attached as Exhibit B to this AgreementB, a written designation of primary and secondary Beneficiaries. Any Beneficiary designation made subsequent to execution of this Agreement shall become effective only when receipt thereof is acknowledged in writing by the Administrator.

Appears in 1 contract

Samples: Executive Supplemental Retirement Income Agreement (Mutualfirst Financial Inc)

Beneficiary Designation. The Executive shall make an initial designation of primary and secondary Beneficiaries upon execution of this Agreement and shall have the right to change such designation, at any subsequent time, by submitting to (i) the Administrator, and (ii) the trustee of the Retirement Income Trust Fund, in substantially the form attached as Exhibit B A to this Agreement, a written designation of primary and secondary Beneficiaries. Any Beneficiary designation made subsequent to execution of this Agreement shall become effective only when receipt thereof is acknowledged in writing by the Administrator.

Appears in 1 contract

Samples: Second Executive Supplemental Retirement Income Agreement (Dsa Financial Corp)

AutoNDA by SimpleDocs

Beneficiary Designation. The Executive shall make an initial designation of primary and secondary Beneficiaries upon execution of this Agreement and shall have the right to change such designation, at any subsequent time, by submitting to (i) the Administrator, and AND (ii) the trustee of the Retirement Income Trust Fund, in substantially the form attached as Exhibit B to this Agreement, a written designation of primary and secondary Beneficiaries. Any Beneficiary designation made subsequent to execution of this Agreement shall become effective only when receipt thereof is acknowledged in writing by the Administrator.

Appears in 1 contract

Samples: Executive Supplemental Retirement Income Agreement (Magyar Bancorp, Inc.)

Beneficiary Designation. The Executive shall may make an initial designation of primary and secondary Beneficiaries upon execution of this Agreement and shall have the right to change such designation, at any subsequent time, by submitting to (i) the Administrator, and (ii) the trustee of the Retirement Income Trust Fund, in substantially the form attached as Exhibit B to this Agreement, a written designation of primary and secondary Beneficiaries. Any Beneficiary designation made subsequent to execution of this Agreement shall become effective only when receipt thereof is acknowledged in writing by the Administrator.

Appears in 1 contract

Samples: Executive Supplemental Retirement Income Agreement (Chicopee Bancorp, Inc.)

Beneficiary Designation. The Executive shall make an initial designation of primary and secondary Beneficiaries upon execution of this Agreement and shall have the right to change such designation, at any subsequent time, by submitting to (i) the Administrator, and (ii) the trustee of the Retirement Income Trust Fund, in substantially the form attached as Exhibit B to this Agreement, a written designation of primary and secondary Beneficiaries. Any Beneficiary designation made subsequent to execution of this Agreement shall become effective only when receipt thereof is acknowledged in writing by the Administrator.

Appears in 1 contract

Samples: Executive Supplemental Retirement Income Agreement (Pathfinder Bancorp Inc)

Beneficiary Designation. The Executive shall make an initial designation of primary and secondary Beneficiaries upon execution of this Agreement and shall have the right to change such designation, at any subsequent time, by submitting to (i) the Administrator, and (ii) the trustee of the Retirement Income Trust Fund, in substantially the form attached as Exhibit B to this Agreement, a written designation of primary and secondary Beneficiaries. Any Beneficiary designation made subsequent to execution of this Agreement shall become effective only when receipt thereof is acknowledged in writing by the Administrator.

Appears in 1 contract

Samples: Executive Supplemental Retirement Income Agreement (Granite State Bankshares Inc)

Beneficiary Designation. The Executive shall make an initial designation of primary and secondary Beneficiaries upon execution of this Agreement and shall have the right to change such designation, at any subsequent time, by submitting to (i) the Administrator, and (ii) the trustee of the Retirement Income Trust Fund, Administrator in substantially the form attached as Exhibit B to this Agreement, a written designation of primary and secondary Beneficiaries. Any Beneficiary designation made subsequent to execution of this Agreement shall become effective only when receipt thereof is acknowledged in writing by the Administrator.

Appears in 1 contract

Samples: Executive Supplemental Retirement Income Agreement (Marion Capital Holdings Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!