Beneficiary of Lump Sum. You may designate one or more beneficiary(ies) to receive the Fund Assets or the proceeds thereof, less any applicable taxes and any fees or expenses payable under this declaration, in a lump sum payment. You may make, change or revoke any such beneficiary designations by completing, dating and signing the form we provide or any other form appropriate for this purpose and ensuring we receive it before we pay out the Fund under paragraph 9. If more than one form has been received by us, we will act on the one with the latest signature date.
Beneficiary of Lump Sum. If, at the death of the Annuitant, a Successor Annuitant is not designated, the payments provided for herein shall cease to be paid as soon as the Trustee receives notice of the Annuitant’s death. Upon receipt of evidence satisfactory to the Trustee in respect of the right of entitlement of the Beneficiary, the Trustee shall dispose of the Assets of the Fund, and subject to the Tax Legislation and after deducting any applicable tax, costs of such disposition, fees or any other amounts payable hereunder, the Trustee shall pay in a lump sum the net proceeds of such disposition to the Beneficiary. No such payment shall be made unless and until the Trustee receives releases and other documents as it may reasonably require.
Beneficiary of Lump Sum. Alternatively, the Holder can designate one or more persons (“Beneficiary” or “Beneficiaries”) to receive the Plan Proceeds in a lump sum payment. Either designation may be made, changed or revoked by Will or by a written instrument in a form acceptable to CIBC which adequately identifies the Plan and is signed and dated by the Holder, as applicable (an “Instrument”).
Beneficiary of Lump Sum. You may designate one or more beneficiary(ies) to receive the Fund Assets or the proceeds thereof, less any applicable taxes and any fees or expenses payable under this declaration, in a lump sum payment. You may make, change or revoke any such beneficiary designations by completing, dating and signing the form we provide or any other form appropriate for this purpose and ensuring we receive it before we pay out the Fund under paragraph 9. If more than one form has been received by us, we will act on the one with the latest signature date. Death In the event of your death, if you had not elected that your spouse or common-law partner become successor annuitant in accordance with paragraph 8(a) above (or you had so elected but your spouse or common-law partner predeceased you), we will, upon receipt of satisfactory evidence of your death and all other documents we may require, transfer the Fund Assets, or sell them and payout the proceeds, to any other beneficiary(ies) designated in accordance with paragraph 8 above. If you had not designated a beneficiary or if such beneficiary(ies) die before you, we will make such transfer or payment to your legal personal representative. Deductions will be made for all fees, costs, charges and taxes to be paid or withheld (other than those taxes the Trustee is liable for under the Act and that can’t be paid out of the property of the Fund). We will be fully discharged once we make such transfers or payments, even though any beneficiary designation made by you may be invalid as a testamentary instrument. We will not be liable for any loss caused by any delay in making any such transfer or payment. Proof of Age Your statement of your date of birth in your application will be deemed to be a certification of your age and your undertaking to provide any further evidence or proof of age that may be required for the purpose of calculating your Retirement Income.
Beneficiary of Lump Sum. Alternatively, You may designate one or more persons (“Beneficiary” or “Beneficiaries”) to receive the Plan Proceeds in a lump sum payment.
Beneficiary of Lump Sum. Alternatively, You may designate one or more beneficiaries (“Beneficiary”) to receive the Fund Proceeds after Your death. (A Spouse Annuitant can make this designation). Either designation may be made, changed or revoked by Will or by a written instrument in a form acceptable to CIBC which adequately identifies the Fund and is signed by You as applicable (an “Instrument”).
