Common use of Contingent Beneficiary or Beneficiaries Clause in Contracts

Contingent Beneficiary or Beneficiaries. If a Primary Beneficiary designated above does not survive until payment of his or her portion of any TP 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 Schedule D

Contingent Beneficiary or Beneficiaries. If a Primary Beneficiary designated above does not survive until payment of his or her portion of any TP 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 initials Alternative 2: To the deceased Primary Beneficiary’s estate. initials Alternative 3: Divided equally among the surviving Primary Beneficiaries. Initials initials Alternative 4: To the persons described below. initials Schedule DC (page 3 of 4)

Contingent Beneficiary or Beneficiaries. If a Primary Beneficiary designated above does not survive until payment of his or her portion of any TP 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 initials Alternative 2: To the deceased Primary Beneficiary’s estate. initials Alternative 3: Divided equally among the surviving Primary Beneficiaries. Initials initials Alternative 4: To the persons described below. initials Schedule Dinitials