Common use of Beneficiary Designations Clause in Contracts

Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid beneficiary designation, all payments shall be made to the Director's surviving spouse, if any, and if none, to the Director's surviving children and the descendants of any deceased child by right of representation, and if no children or descendants survive, to the Director's estate.

Beneficiary Designations. The Director shall designate a beneficiary by filing a written beneficiary designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid beneficiary designation, all payments shall be made to the Director's surviving spouse, if any, and if none, to the Director's surviving children and the descendants of any deceased child by right of representation, and if no children or descendants survive, to the Director's estate.

Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBank. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company Bank during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid beneficiary designation, all payments shall be made to the Director's surviving spouse, if any, and if none, to the Director's surviving children and the descendants of any deceased child by right of representation, and if no children or descendants survive, to the Director's estate.

Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBank. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company Bank during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid beneficiary designation, all payments shall be made to the Director's ’s surviving spouse, if any, and if none, to the Director's ’s surviving children and the descendants of any deceased child by right of representation, and if no children or descendants survive, to the Director's ’s estate.

Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid beneficiary designation, all payments shall be made to the Director's ’s surviving spouse, if any, and if none, to the Director's ’s surviving children and the descendants of any deceased child by right of representation, and if no children or descendants survive, to the Director's ’s estate.

Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. Bank in the form attached as Exhibit B. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company Bank during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid beneficiary designation, all payments shall be made to the Director's surviving spouse, if any, and if none, to the Director's surviving children and the descendants of any deceased child by right of representation, and if no children or descendants survive, to the Director's estate.

Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. Company in the form attached as Exhibit A. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid beneficiary designation, all payments shall be made to the Director's surviving spouse, if any, and if none, to the Director's surviving children and the descendants of any deceased child by right of representation, and if no children or descendants survive, to the Director's estate.

Beneficiary Designations. The Director shall designate a Primary and Contingent beneficiary by filing a written designation with the Company. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid beneficiary designation, all payments shall be made to the Director's ’s surviving spouse, if any, and if none, to the Director's ’s surviving children and the descendants of any deceased child by right of representation, and if no children or descendants survive, to the Director's ’s estate.

Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. Bank in the form attached as Exhibit A. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company Bank during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid beneficiary designation, all payments shall be made to the Director's surviving spouse, if any, and if none, to the Director's surviving children and the descendants of any deceased child by right of representation, and if no children or descendants survive, to the Director's estate.

Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBank. The Director may revoke or modify the designation at any time by filing a new designation. However, designations Such designation and modifications thereto may be made on a “Beneficiary Designation” form that is properly completed and filed with and accepted by the Bank. Designations will only be effective if signed by the Director and accepted by the Company Bank during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid beneficiary designation, all payments shall be made to the Director's ’s surviving spouse, if any, and if none, to the Director's ’s surviving children and the descendants of any deceased child by right of representation, and if no children or descendants survive, to the Director's ’s estate.

Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. Bank, using the Beneficiary Designation Form attached to this Agreement as Exhibit C. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company Bank during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid beneficiary designation, all payments shall be made to the Director's ’s surviving spouse, if any, and if none, to the Director's ’s surviving children and the descendants of any deceased child by right of representation, and if no children or descendants survive, to the Director's ’s estate.

Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBank. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company Bank during the Director's lifetime. The Director's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid beneficiary designation, all payments shall be made to the Director's surviving spouse, if any, and if none, to the Director's surviving children and the descendants of any deceased child by right of representation, and if no children or of descendants survive, to the Director's estate.

Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the CompanyBoard. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company Board during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid beneficiary designation, all payments shall be made to the Director's ’s surviving spouse, if any, and if none, to the Director's ’s surviving children and the descendants of any deceased child by right of representation, and if no children or descendants survive, to the Director's ’s estate.

Beneficiary Designations. The Director shall designate a beneficiary by filing a written designation with the Company. Company in the form attached as Exhibit A. The Director may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Director and accepted by the Company during the Director's ’s lifetime. The Director's ’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Director, or if the Director names a spouse as beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid beneficiary designation, all payments shall be made to the Director's ’s surviving spouse, if any, and if none, to the Director's ’s surviving children and the descendants of any deceased child by right of representation, and if no children or descendants survive, to the Director's ’s estate.