Contingent Beneficiary or Beneficiaries Sample Clauses

Contingent Beneficiary or Beneficiaries. The Contingent Beneficiaries named below, if any, shall receive any benefits provided or payable to me under the Plan and be entitled to exercise, enjoy and receive all rights, benefits and features of the Stock Incentives that have been granted or awarded to me under the Plan (including Stock Incentives that I have elected to defer, if applicable) in accordance with the Plan and the terms and provisions of such Stock Incentives in the event of my death if no Primary Beneficiary named above survives me or exists. Name Relationship SSN Percentage of Total
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Contingent Beneficiary or Beneficiaries. If none of the Primary Beneficiaries listed in Paragraph 1 above are living or in existence at the date of my death, then the following Contingent Beneficiary(ies) will receive the payments and other benefits due to me under the Agreement. Unless otherwise indicated, such benefits will be paid in equal shares to all designated Contingent Beneficiary(ies) who are living or in existence at the date of my death. Name(s) of Contingent Address(es) Beneficiary(ies) ------------------------- --------------------------------------- ------------------------- --------------------------------------- ------------------------- ---------------------------------------
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Contingent Beneficiary or Beneficiaries. If a Primary Beneficiary designated above does not survive until payment of his or her portion of any Residual Assets, the Trustee shall make payment as follows: (Select only one of the alternatives and initial the one selected.) Alternative 1: To my estate. initials Alternative 2: To the deceased Primary Beneficiary’s estate. initials Alternative 3: Divided equally among the surviving Primary Beneficiaries. initials Alternative 4: To the persons described below. initials
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Contingent Beneficiary or Beneficiaries. If a Primary Beneficiary designated above does not survive until payment of his or her portion of any Residual Assets of Trust Account FP, the Trustee shall make payment as follows: (Select only one of the alternatives and initial the one selected.) Alternative 1: To my estate. initials Alternative 2: To the deceased Primary Beneficiary’s estate. initials Alternative 3: Divided equally among the surviving Primary Beneficiaries. initials Alternative 4: To the persons described below. initials Schedule C
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Contingent Beneficiary or Beneficiaries. By completing this Paragraph 2, I am naming the following to share in any vested Plan benefits payable upon my death in the proportion indicated IF AND ONLY IF all my Primary Beneficiaries die before I die. If a Contingent Beneficiary dies prior to becoming entitled to receive his or her share, such share shall be payable to any surviving Contingent Beneficiary (or Beneficiaries) in the remaining proportions, as adjusted to reflect such death.
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Contingent Beneficiary or Beneficiaries. If none of the Primary Beneficiaries listed in Paragraph 1 above are living or in existence at the date of my death, then the following Contingent Beneficiary(ies) will receive the payments and other benefits due to me under the Agreement. Unless otherwise indicated, such benefits will be paid in equal shares to all designated Contingent Beneficiary(ies) who are living or in existence at the date of my death. Name(s) of Contingent Address(es)
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Related to Contingent Beneficiary or Beneficiaries

  • Contingent Beneficiary While the Annuitant is alive, the Owner may, by written Request, designate or change a Contingent Beneficiary from time to time. The Company shall not be bound by any change of Contingent Beneficiary unless it is made in writing and recorded at the Retirement Resource Operations Center.

  • How do the RMD Rules Impact my Designated Beneficiary or Beneficiaries The RMD rules provide for the determination of your designated beneficiary or beneficiaries as of September 30 of the year following your death. Consequently, any beneficiary may be eliminated for purposes of calculating the RMD by the distribution of that beneficiary’s benefit, through a valid disclaimer between your death and the end of September following the year of your death, or by dividing your IRA account into separate accounts for each of several designated beneficiaries you may have designated.

  • Designated Beneficiary The individual who is designated as the Beneficiary under the Plan in accordance with Section 401(a)(9) of the Code and the regulations thereunder.

  • Beneficiaries The Executive may designate one or more persons or entities as the primary and/or contingent Beneficiaries of any Severance Benefits owing to the Executive under this Agreement. Such designation must be in the form of a signed writing acceptable to the Committee. The Executive may make or change such designations at any time.

  • CONTINGENT ANNUITANT The person designated by the Owner who, upon the Annuitant's death prior to the Annuity Commencement Date, becomes the Annuitant.

  • Payments to Plan Participants and Their Beneficiaries (a) Company shall deliver to Trustee a schedule (the "Payment Schedule") that indicates the amounts payable in respect of each Plan participant (and his or her beneficiaries), that provides a formula or other instructions acceptable to Trustee for determining the amounts so payable, the form in which such amount is to be paid (as provided for or available under the Plan), and the time of commencement for payment of such amounts. Except as otherwise provided herein, Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provision for the reporting and withholding of any federal, state or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of the Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by Company. (b) The entitlement of a Plan participant or his or her beneficiaries to benefits under the Plan shall be determined by Company or such party as it shall designate under the Plan, and any claim for such benefits shall be considered and reviewed under the procedures set out in the Plan. (c) Company may make payment of benefits directly to Plan participants or their beneficiaries as they become due under the terms of the Plan. Company shall notify Trustee of its decision to make payment of benefits directly prior to the time amounts are payable to participants or their beneficiaries. In addition, if the principal of the Trust, and any earnings thereon, are not sufficient to make payments of benefits in accordance with the terms of the Plan, Company shall make the balance of each such payment as it falls due. Trustee shall notify Company where principal and earnings are not sufficient.

  • No Designated Beneficiary If the Participant dies before the date distributions begin and there is no designated beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death.

  • DEATH OF BENEFICIARY Unless otherwise provided in the Beneficiary designation, if any Beneficiary dies before the Owner, that Beneficiary's interest will go to any other primary Beneficiaries named, according to their respective interests. If there are no primary Beneficiaries, the Beneficiaries' interest will pass to a contingent Beneficiary, if any. Prior to the Annuity Commencement Date, if no Beneficiary or contingent Beneficiary survives the Owner, the Death Benefits will be paid to the Owner's estate. Unless otherwise provided in the Beneficiary designation, once a Beneficiary is receiving Death Benefits or annuity payments under an Annuity Payment Option, the Beneficiary may name his or her own Beneficiary to receive any remaining benefits due under the Contract, should the original Beneficiary die prior to receipt of all benefits. If no Beneficiary is named or the named Beneficiary predeceases the original Beneficiary, any remaining benefits will continue to the original Beneficiary's estate. A Beneficiary designation must be made by Notice to LNY.

  • Intended Beneficiaries Nothing in this Agreement shall be construed to give any person or entity other than the parties hereto any legal or equitable claim, right or remedy. Rather, this Agreement is intended to be for the sole and exclusive benefit of the parties hereto.

  • Designation of Beneficiaries The Executive may designate any person to receive any benefits payable under the Agreement upon the Executive’s death, and the designation may be changed from time to time by the Executive by filing a new designation. Each designation will revoke all prior designations by the Executive, shall be in the form prescribed by the Administrator and shall be effective only when filed in writing with the Administrator during the Executive’s lifetime. If the Executive names someone other than the Executive’s spouse as a Beneficiary, the Administrator may, in its sole discretion, determine that spousal consent is required to be provided in a form designated by the Administrator, executed by the Executive’s spouse and returned to the Administrator. The Executive’s beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved.

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