Beneficiary(ies). If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary(ies) of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives you, the contingent beneficiary(ies) shall acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary, or if all of your primary and contingent beneficiary(ies) predecease you, your spouse will be the beneficiary, or if there is no spouse living at the time of your death your estate shall be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable Regulations. If the beneficiary designated to receive payments hereunder is a minor or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts or the identity of the beneficiary by mailing to the last known address shown on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month period. We may allow, if permitted by state law, an original Xxxx XXX beneficiary(ies) (the beneficiary(ies) who is entitled to rec...
Beneficiary(ies). As Owner, I hereby make the following designation of beneficiary in accordance with the Constellation Trust Company Traditional Individual Retirement Custodial Account or Xxxx Individual Retirement Custodial Account: In the event of my death, pay any interest I may have under my Account to the following Primary Beneficiary or Beneficiaries who survive me. Make payment in the proportions specified below (or in equal proportions if no different proportions are specified). If any Primary Beneficiary predeceases me, his share is to be divided among the Primary Beneficiaries who survive me in the relative proportions assigned to each such surviving Primary Beneficiary. If none of the Primary Beneficiaries survives me, pay any interest I may have under my Account to the following Alternate Beneficiary or Beneficiaries who survive me. Make payment in the proportions specified below (or in equal proportions if no different proportions are specified). If any Alternate Beneficiary predeceases me, his share is to be divided among the Alternate Beneficiaries who survive me in the relative proportions assigned to each such surviving Alternate Beneficiary. Proportions for Beneficiaries must total 100%. Primary Beneficiaries Primary Beneficiary Name (First, Middle, Last) Share % / / Relationship Date of Birth (month/day/year) Taxpayer ID Number Primary Beneficiary Name (First, Middle, Last) Share % / / Relationship Date of Birth (month/day/year) Taxpayer ID Number Primary Beneficiary Name (First, Middle, Last) / / Share % Relationship Date of Birth (month/day/year) Taxpayer ID Number Alternate Beneficiaries Alternate Beneficiary Name (First, Middle, Last) Share % / / Relationship Date of Birth (month/day/year) Taxpayer ID Number Alternate Beneficiary Name (First, Middle, Last) / / Share % Relationship Date of Birth (month/day/year) Taxpayer ID Number Alternate Beneficiary Name (First, Middle, Last) Share % / / Relationship Date of Birth (month/day/year) Taxpayer ID Number This Designation of Beneficiary may have important tax or estate planning effects. If you cannot accomplish your estate planning objectives by using this Section to designate your beneficiary(ies) (for example, if you wish to provide that the surviving children of a beneficiary who predeceases you should take that beneficiary’s share by right of representation), you may submit another form of written beneficiary designation to the Custodian. Any amount remaining in the Account that is not disposed of by...
Beneficiary(ies). The “Beneficiary(ies)” shall mean any individual(s) or entities designated to receive any Executive Benefit due or outstanding to the Executive upon the death of the Executive. The Beneficiary(ies) shall be designated in accordance with the provisions of Paragraph 11 (and the subsequent subparagraphs). A Bank approved Beneficiary Designation Form has been attached hereto and is incorporated by reference herein as “Exhibit B”.
Beneficiary(ies). 1. Unless indicated otherwise on the Application, the Responsible Individual may not change the Designated Beneficiary. If the Depositor has indicated on the Application that the Responsible Individual may change the beneficiary designated under this agreement and the Responsible Individual chooses to do so, the Responsible Individual must designate a member of the family (as defined in Section 529(e)(2)) of the existing Designated Beneficiary. This designation can only be made on a form prescribed by the Custodian.
Beneficiary(ies). The Participating Employee's Beneficiary(ies) under this Agreement shall be as designated by the Participating Employee on Schedule "A", attached hereto and made a part of this Agreement. The Participating Employee may change his designated Beneficiary(ies) by filing written notice of such change with the Company which shall be attached to this Agreement as a revised Schedule "A". If the Participating Employee does not designate a Beneficiary on Schedule "A", or if all (or any) of the designated Beneficiary(ies) should die prior to payment of all benefits due hereunder, then the Participating Employee's Beneficiary hereunder with regard to such amount shall be his surviving spouse, if any. If there is not a surviving spouse or if the surviving spouse should die prior to payment of all benefits due hereunder, then the applicable amount of the Participating Employee's remaining benefit shall be paid in a lump sum to the Participating Employee's personal representative, to be administered as part of the Participating Employee's estate.
Beneficiary(ies). Upon the death of an Eligible Employee, the surviving Spouse, if any, shall become his/her Beneficiary who shall be entitled to the rights and benefits under this Plan for the Spouse and any Dependent(s) of the Eligible Employee. In the event there is no Spouse, or upon the death of the surviving Spouse, the Beneficiary shall be the Eligible Employee’s remaining Dependent(s), if any. If there is no surviving Spouse or Dependents of the Eligible Employee, the amounts on deposit in the Eligible Employee’s Account shall become property of the Trust, which shall be used for purposes of the RMT, including administrative expenses or funding of additional Plan Benefits, if any.
Beneficiary(ies). The individual(s) or entities designated to receive any Executive Benefit due upon the death of the Executive. The Beneficiary(ies) shall be designated in accordance with the provisions of Article IX.
Beneficiary(ies). You may designate one or more persons or entities as beneficiary of your IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Unless otherwise specified, each beneficiary designation you file with us will cancel all previous ones. The consent of a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives you, the contingent beneficiary(ies) shall acquire the designated share of your IRA. If you do not designate a beneficiary, or if all your primary and contingent beneficiary(ies) predecease you, your estate will be the beneficiary. A spouse beneficiary shall have all rights as granted under the Code or applicable Regulations to treat your IRA as his or her own. We may allow, if permitted by state law, an original IRA beneficiary(ies) (the beneficiary(ies) who is entitled to receive distributions from an inherited IRA at the time of your death) to name a successor beneficiary(ies) for the inherited IRA.
Beneficiary(ies). If the Employee dies prior to or after Retirement or Early Retirement, as the case may be, the Retirement Benefit due the Employee or remaining due to the Employee under Paragraph 4.a., will be paid, in accordance with the terms of Paragraph 4.a., to the Employee’s beneficiary(ies) as designated below. Employee hereby names Xxxxxx X. Xxxxxx (wife) as his/her beneficiary(ies) in the event of Employee’s death prior to or after Retirement or Early Retirement in accordance with the terms of this Agreement. The Employee acknowledges that he/she has the right to revoke the named beneficiary(ies) and name a new beneficiary(ies) by giving written notice to the Corporation. The Employee acknowledges that if there is no named beneficiary(ies) or the named beneficiary(ies) is/are deceased, then any Retirement Benefit remaining due to the Employee under Paragraph 4.a. will be paid to the estate of the Employee in accordance with the terms of Paragraph 4.a.
Beneficiary(ies). If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous ones. The consent of a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives you, the contingent beneficiary(ies) shall acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary, or if all of your primary and contingent beneficiary(ies) predecease you, your account will be paid in the following order of priority to:
