Common use of Beneficiary Clause in Contracts

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit "B", to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof and is received by the Administrator prior to the Executive's death.

Appears in 14 contracts

Samples: Executive Salary Continuation Agreement (United Security Bancshares), Executive Salary Continuation Agreement (United Security Bancshares), Executive Salary Continuation Agreement (United Security Bancshares)

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Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit "B", ," to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof and is received by the Administrator prior to the Executive's death.

Appears in 9 contracts

Samples: Continuation Agreement (Regency Bancorp), Continuation Agreement (Regency Bancorp), Continuation Agreement (Tehama Bancorp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit "B", to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof and is received by the Administrator prior to the Executive's ’s death.

Appears in 8 contracts

Samples: Executive Salary Continuation Agreement (1st Centennial Bancorp), Salary Continuation Agreement (Western Sierra Bancorp), Salary Continuation Agreement (1st Centennial Bancorp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit "B", C," to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof and is received by the Administrator prior to the Executive's death.

Appears in 7 contracts

Samples: Continuation Agreement (Mid Peninsula Bancorp), Executive Salary Continuation Agreement (Mid Peninsula Bancorp), Executive Salary Continuation Agreement (Mid Peninsula Bancorp)

Beneficiary. The term "beneficiary" or "designated beneficiary" ----------- shall mean the person or persons whom the Executive Employee shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit Schedule "B", E," to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof and is completed and signed by the Employee and received by the Administrator prior to the ExecutiveEmployee's death.

Appears in 5 contracts

Samples: Employee Supplemental Compensation Benefits Agreement (Greater Bay Bancorp), Employee Supplemental Compensation Benefits Agreement (Greater Bay Bancorp), Employee Supplemental Compensation Benefits Agreement (Greater Bay Bancorp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit Schedule "B", C," to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof hereof, completed and is signed by the Executive and received by the Administrator prior to the Executive's death.

Appears in 4 contracts

Samples: Executive Supplemental Compensation Agreement (SJNB Financial Corp), 86 Executive Supplemental Compensation Agreement (Saratoga Bancorp), Executive Supplemental Compensation Agreement (SJNB Financial Corp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive Director shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit "B", Schedule “C,” to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof hereof, completed and signed by the Director and is received by the Administrator prior to the Executive's Director’s death.

Appears in 4 contracts

Samples: Director Indexed Compensation Benefits Agreement (Heritage Commerce Corp), Director Indexed Compensation Benefits Agreement (Heritage Commerce Corp), Director Indexed Compensation Benefits Agreement (Heritage Commerce Corp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit Schedule "B", C," to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof hereof, completed and signed by the Executive and is received by the Administrator prior to the Executive's death.

Appears in 3 contracts

Samples: Executive Indexed Compensation Benefits Agreement (Heritage Commerce Corp), Executive Indexed Compensation Benefits Agreement (Heritage Commerce Corp), Executive Indexed Compensation Benefits Agreement (Heritage Commerce Corp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive Director shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit Schedule "B", C," to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof hereof, completed and is signed by the Director and received by the Administrator prior to the ExecutiveDirector's death.

Appears in 2 contracts

Samples: 27 Director Supplemental Compensation Agreement (Saratoga Bancorp), 55 Director Supplemental Compensation Agreement (Saratoga Bancorp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit "B", ," to receive any Joint and Survivor Annuity payments to be made after the benefits provided hereunderdeath of the Executive and the Surviving Spouse. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof and is received by the Administrator prior to the Executive's death.

Appears in 2 contracts

Samples: Continuation Agreement (San Joaquin Bancorp), Executive Salary Continuation Agreement (San Joaquin Bancorp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit "B", ," to receive any Joint and Survivor Annuity payments to be made after the benefits provided hereunderdeath of the Executive and the Spouse. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof and is received by the Administrator prior to the Executive's death.

Appears in 2 contracts

Samples: Executive Salary (San Joaquin Bancorp), Executive Salary Continuation Agreement (San Joaquin Bancorp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive Director shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit Schedule "B", C," to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof hereof, completed and signed by the Director and is received by the Administrator prior to the ExecutiveDirector's death.

Appears in 2 contracts

Samples: Director Indexed Compensation Benefits Agreement (Heritage Commerce Corp), Director Indexed Compensation Benefits Agreement (Heritage Commerce Corp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit Schedule "B", C," to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof hereof, is completed and signed by the Executive, and is received by the Administrator prior to the Executive's death.

Appears in 2 contracts

Samples: Executive Supplemental Compensation Agreement (Vib Corp), Executive Supplemental Compensation Agreement (Vib Corp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit "BA", to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof and is received by the Administrator prior to the Executive's death.

Appears in 1 contract

Samples: Employment Agreement Agreement (Commerce Security Bancorp Inc)

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Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive Director shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit "B", “C,” to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof and is received by the Administrator prior to the Executive's Director’s death.

Appears in 1 contract

Samples: Director Indexed Compensation Benefits Agreement (Heritage Commerce Corp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit "B", to receive any payments to be made after the benefits provided hereunderdeath of the Executive. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof and is received by the Administrator prior to the Executive's death.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (San Joaquin Bancorp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive Director shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit "B", “C” to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof and is received by the Administrator prior to the Executive's Director’s death.

Appears in 1 contract

Samples: Director Indexed Compensation Benefits Agreement (Heritage Commerce Corp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive Director shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit Schedule "B", C," to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof apart hereof, completed and is signed by the Director and received by the Administrator prior to the ExecutiveDirector's death.

Appears in 1 contract

Samples: Director Supplemental Compensation Agreement (SJNB Financial Corp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit "B", C," to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof and is received by the Administrator prior to the Executive's death.

Appears in 1 contract

Samples: Continuation Agreement (Central Coast Bancorp)

Beneficiary. The term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive Director shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit Schedule "B", C," to receive the benefits benefits, if any, as provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof and is received by the Administrator prior to the ExecutiveDirector's death.

Appears in 1 contract

Samples: Director Supplemental Compensation Benefits Agreement (Vib Corp)

Beneficiary. The Excepting the reference made at the end of Paragraphs 1.3 and 1.10 hereof, the term "beneficiary" or "designated beneficiary" beneficiary “ shall mean the person or persons whom the Executive shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit "B", to receive the benefits provided hereunder. A Beneficiary Designation Designate shall be valid only if it is in the form attached hereto and made a part hereof and is received by the Administrator prior to the Executive's ’s death.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Heritage Oaks Bancorp)

Beneficiary. The term "beneficiary" or "designated beneficiary" beneficiary "shall mean the person or persons whom the Executive Director shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit Schedule "B", C," to receive the benefits provided hereunder. A Beneficiary Designation shall be valid only if it is in the form attached hereto and made a part hereof hereof, completed and is signed by the Director and received by the Administrator prior to the ExecutiveDirector's death.

Appears in 1 contract

Samples: Director Supplemental Compensation Agreement (SJNB Financial Corp)

Beneficiary. The Excepting the reference made at the end of Paragraphs 1.3 and 1.10 hereof, the term "beneficiary" or "designated beneficiary" shall mean the person or persons whom the Executive shall designate in a valid Beneficiary Designation, a copy of which is attached hereto as Exhibit "B", to receive the benefits provided hereunder. A Beneficiary Designation Designate shall be valid only if it is in the form attached hereto and made a part hereof and is received by the Administrator prior to the Executive's ’s death.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (Heritage Oaks Bancorp)

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