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Common use of Beneficiary Clause in Contracts

Beneficiary. Participant may file with the Company a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, change or revoke such designation by filing a new designation with the Company. The last such designation received by the Company shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by the Company prior to Participant’s death, and in no event shall it be effective as of a date prior to such receipt. If no beneficiary designation is filed by Participant, the beneficiary shall be deemed to be his spouse or, if Participant is unmarried at the time of death, his estate.

Appears in 49 contracts

Samples: Restricted Stock Unit Award Agreement (NMI Holdings, Inc.), Restricted Stock Unit Award Agreement (NMI Holdings, Inc.), Restricted Stock Unit Award Agreement (NMI Holdings, Inc.)

Beneficiary. Participant may file with the Company a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, change or revoke such designation by filing a new designation with the Company. The last such designation received by the Company shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by the Company prior to Participant’s death, and in no event shall it be effective as of a date prior to such receipt. If no beneficiary designation is filed by Participant, the beneficiary shall be deemed to be his or her spouse or, if Participant is unmarried at the time of death, his or her estate.

Appears in 15 contracts

Samples: Performance Restricted Stock Unit Award Agreement (Triumph Financial, Inc.), Performance Restricted Stock Unit Award Agreement (Triumph Financial, Inc.), Performance Restricted Stock Unit Award Agreement (Triumph Financial, Inc.)

Beneficiary. The Participant may file with the Company a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, change or revoke such designation by filing a new designation with the Company. The last such designation received by the Company shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by the Company prior to the Participant’s death, and in no event shall it be effective as of a date prior to such receipt. If no beneficiary designation is filed by the Participant, the beneficiary shall be deemed to be his or her spouse or, if the Participant is unmarried at the time of death, his or her estate.

Appears in 13 contracts

Samples: Incentive Stock Option Agreement (Alico, Inc.), Nonqualified Option Agreement (Alico, Inc.), Nonqualified Option Agreement (Alico, Inc.)

Beneficiary. Participant may file with the Company a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, change or revoke such designation by filing a new designation with the Company. The last such designation received by the Company shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by the Company prior to Participant’s death, and in no event shall it be effective as of a date prior to such receipt. If no beneficiary designation is filed by Participant, the beneficiary shall be deemed to be his the Participant’s spouse or, if Participant is unmarried at the time of death, his or her estate.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (NMI Holdings, Inc.), Restricted Stock Unit Award Agreement (NMI Holdings, Inc.), Restricted Stock Unit Award Agreement (NMI Holdings, Inc.)

Beneficiary. The Participant may file with the Company a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, change or revoke such designation by filing a new designation with the CompanyCompany on such form as may be prescribed by the Committee. The last such designation received by the Company shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by the Company prior to the Participant’s death, and in no event shall it be effective as of a date prior to such receipt. If no beneficiary designation is filed by the Participant, the beneficiary shall be deemed to be his the Participant’s spouse or, if the Participant is unmarried at the time of death, his the Participant’s estate.

Appears in 6 contracts

Samples: Nonqualified Stock Option Agreement (Santander Consumer USA Holdings Inc.), Long Term Cash Award Agreement (Santander Consumer USA Holdings Inc.), Restricted Stock Unit Award Agreement (Santander Consumer USA Holdings Inc.)

Beneficiary. The Participant may file with the Company a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, change or revoke such designation by filing a new designation with the Company. The last such designation received by the Company shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by the Company prior to the Participant’s ' s death, and in no event shall it be effective as of a date prior to such receipt. If no beneficiary designation is filed by the Participant, the beneficiary shall be deemed to be his or her spouse or, if the Participant is unmarried at the time of death, his or her estate.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Alico, Inc.), Restricted Stock Award Agreement (Alico, Inc.)

Beneficiary. The Participant may file with the Company a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, change or revoke such designation by filing a new designation with the CompanyCompany on such form as may be prescribed by the Committee. The last such designation received by the Company shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by the Company prior to the Participant’s death, and in no event shall it be effective as of a date prior to such receipt. If no beneficiary designation is filed by the Participant, the beneficiary shall be deemed to be his the Participant’s spouse or, if the Participant is unmarried does not have a spouse at the time of death, his the Participant’s estate.

Appears in 2 contracts

Samples: Award Agreement (Santander Consumer USA Holdings Inc.), Director Restricted Stock Unit Award Agreement (Santander Consumer USA Holdings Inc.)

Beneficiary. Participant may file with the Company a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, change or revoke such designation by filing a new designation with the Company. The last such designation received by the Company shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by the Company prior to Participant’s death, and in no event shall it be effective as of a date prior to such receipt. If no beneficiary designation is filed by Participant, the beneficiary shall be deemed to be the Participant’s his spouse or, if Participant is unmarried at the time of death, his or her estate.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (NMI Holdings, Inc.)

Beneficiary. Participant may file with the Company a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, change or revoke such designation by filing a new designation with the Company. The last such designation received by the Company shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by the Company prior to Participant’s death, and in no event shall it be effective as of a date prior to such receipt. If no beneficiary designation is filed by Participant, the beneficiary shall be deemed to be his his/her spouse or, if Participant is unmarried at the time of death, his his/her estate.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Suffolk Bancorp)

Beneficiary. The Participant may file with the Company a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, change or revoke such designation by filing a new designation with the Company. The last such designation received by the Company shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by the Company prior to the Participant’s ' s death, and in no event shall it be effective as of a date prior to such receipt. If no No beneficiary designation is filed by the Participant, the beneficiary shall be deemed to be his or her spouse or, if the Participant is unmarried at the time of death, his or her estate.

Appears in 1 contract

Samples: Annual Performance and Long Term Bonus Agreement (Alico, Inc.)