Death Beneficiary Sample Clauses

Death Beneficiary. Executive may designate a beneficiary to receive payment of any benefit payable under this Agreement following Executive’s death. In the absence of a designated beneficiary or if no beneficiary survives Executive, such benefit amounts shall be paid to Executive’s estate.
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Death Beneficiary. Death Beneficiary means an individual or entity designated to receive the Custodial Account upon the death of the Designated Beneficiary.
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Death Beneficiary. Any benefit payable upon the Executive’s death that is not paid to the joint annuitant pursuant to Section 3(c)(ii) or (iii) will be paid to the beneficiary designated in writing by the Executive, provided that, if no such designated beneficiary survives the Executive, the benefit shall be paid to his surviving spouse or, if there is no surviving spouse, the benefit shall be paid to the Executive’s estate. Any benefit payable upon the death of the Executive’s joint annuitant, after beginning to receive payments under a joint and 100% survivor annuity, will be paid to the beneficiary designated in writing by the joint annuitant, provided that, if no designated beneficiary survives the joint annuitant, the benefit shall be paid to the joint annuitant’s estate.
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Death Beneficiary. In the event of the death of a professional employee, the value of the accumulated and unused sick and personal leave (as referred to in 7.0-1) will be forwarded to the beneficiary designated in the PA Retirement System.
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Death Beneficiary. A Member’s Spouse or, if he has no Spouse or if his Spouse consents (in the manner hereinafter described in this Subsection) to the designation hereinafter provided for in this Subsection, such person or persons other than, or in addition to, his Spouse as may be designated by a Member as his Death Beneficiary under the Plan. Such a designation may be made, revoked or changed only by an instrument (in form acceptable to the Committee) that is signed by the Member, that, if he has a Spouse, includes his Spouse’s written consent to the action to be taken pursuant to such instrument (unless such action results in the Spouse being named as the Member’s sole Death Beneficiary), and that is filed with the Committee before the Member’s death. A Spouse’s consent required by this Subsection shall be signed by the Spouse, shall acknowledge the effect of such consent, shall be witnessed by any person designated by the Committee as a Plan representative or by a notary public and shall be effective only with respect to such Spouse. At any time when all the persons designated by the Member as his Death Beneficiary have ceased to exist or if the Member has not made an effective Death Beneficiary designation pursuant to this Subsection, his Death Beneficiary shall be his Spouse or, if he does not then have a Spouse, his estate. Any designation of a Death Beneficiary made by a Former Rimrock Plan Participant or Former Wolf Plan Participant pursuant to the Rimrock Plan or Wolf Plan, as applicable, shall be cancelled as of the close of business on December 31, 2019. Any designation of a Death Beneficiary made by a Former Pro-Systems Plan Participant pursuant to the Pro-Systems Plan shall be cancelled as of January 15, 2021. Any designation of a Death Beneficiary made by a Former Techalloy Plan Participant pursuant to the Techalloy Plan shall be cancelled as of April 25, 2022. Any designation of a Death Beneficiary made by a Former Tennessee Rand Plan Participant pursuant to the Tennessee Rand Plan shall be cancelled as of April 29, 2022. Any designation of a Death Beneficiary made by a Former Xxxxx Trail Plan Participant pursuant to the Xxxxx Trail Plan shall be cancelled as of May 2, 2022. ​ -4- ​ NAI-1526973031v4 ​ ​
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Death Beneficiary. A Member’s Spouse or, if he has no Spouse or if his Spouse consents (in the manner hereinafter described in this Subsection) to the designation hereinafter provided for in this Subsection, such person or persons other than, or in addition to, his Spouse as may be designated by a Member as his Death Beneficiary under the Plan. Such a designation may be made, revoked or changed only by an instrument (in form acceptable to the Committee) that is signed by the Member, that, if he has a Spouse, includes his Spouse’s written consent to the action to be taken pursuant to such instrument (unless such action results in the Spouse being named as the Member’s sole Death Beneficiary), and that is filed with the Committee before the Member’s death. A Spouse’s consent required by this Subsection shall be signed by the Spouse, shall acknowledge the effect of such consent, shall be witnessed by any person designated by the Committee as a Plan representative or by a notary public and shall be effective only with respect to such Spouse. At any time when all the persons designated by the Member as his Death Beneficiary have ceased to exist or if the Member has not made an effective Death Beneficiary designation pursuant to this Subsection, his Death Beneficiary shall be his Spouse or, if he does not then have a Spouse, his estate.
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Death Beneficiary. The Depositor shall designate in writing the person or persons (or entity or entities) to receive any distribution to be made by reason of the Designated Beneficiary's death or to become the successor Designated Beneficiary. Each such designation shall be filed with the Custodian on a form acceptable to the Custodian (the "Death Beneficiary Designation") and may be changed from time to time by the Responsible Individual filing a new Death Beneficiary Designation with the Custodian. The Custodian reserves the right to limit the number of Death Beneficiaries or other directions designated for the ESA. In the event there is no surviving Death Beneficiary or there is no Death Beneficiary Designation on file at the time of the Designated Beneficiary's death, the Death Beneficiary shall be the Designated Beneficiary's spouse. In the event the Designated Beneficiary does not have a spouse or the Designated Beneficiary's spouse predeceases the Designated Beneficiary, the Death Beneficiary shall be the Designated Beneficiary's children as determined under state law. In such a case, a legal or personal representative shall provide the Custodian a written certification listing the names of the Designated Beneficiary's surviving children. If there is no legal or personal representative, a court order may be required to determine the appropriate Death Beneficiaries. Under the foregoing circumstances, if the Designated Beneficiary is not survived by children as determined under state law, the ESA shall be paid to the Designated Beneficiary's estate. The Custodian may pay to the Designated Beneficiary's surviving spouse the amount of the ESA to which he or she demonstrates to the satisfaction of the Custodian that he or she is entitled under marital or community property laws to the extent that the Responsible Individual has not designated the surviving spouse to receive such amount as a death beneficiary, unless the Designated Beneficiary's spouse has properly consented in writing otherwise. The Responsible Individual understands that we may reasonably delay payment to the beneficiaries to the extent necessary for us to determine whom to pay and the proper amounts. It is the responsibility of the Responsible Individual to determine whether such laws apply and to request the Designated Beneficiary spouse to consent to the beneficiary designations if appropriate. The Responsible Individual understands that we are not responsible if we have made any payment in good faith t...
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Death Beneficiary. The Participant’s “Beneficiary” for purposes of this Agreement shall be the Participant’s spouse at the time of the Participant’s death, or such other person or entity as the Participant may designate in writing on a form acceptable to the Committee. ACCEPTED AND AGREED, PARTICIPANT _____________________________ [NAME] This Performance Matrix will be used to calculate the Actual Performance Goal Attainment Percentage as described in the Interpolation Procedures set forth below.
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Death Beneficiary. The "death beneficiary" of the Participant shall be the person, persons, trust, or charitable entity, living or in existence at the time for any distribution hereunder, which Participant shall have most recently designated as highest in priority on a form provided for that purpose by the Bank, signed by the Participant and filed with the Bank. The death or nonexistence of any such beneficiary, either before or after receipt or any distribution hereunder, shall terminate the entire interest of such beneficiary in and to the then undistributed portion of such Participant's account and such undistributed portion shall thereafter be distributed to or for the benefit of the beneficiary or beneficiaries designated as next highest in priority by such Participant. If no such beneficiary be thus designated, or if all of the thus designated beneficiaries do not survive or are no longer in existence at anytime prior to the complete distribution of such account, such account, or the then undistributed balance thereof, shall be distributed by the Bank directly to the person or persons who are heirs as named in the Participant's Last Will and Testament, except to the extent to which the specific bequests of such document are paid by the Participant's other resources; or if there is no such document then in existence, under the laws of descent and distribution, to those persons who would be entitled to the Participant's personal property, and in the proportions to which they would be so entitled, had such Participant died, at the time for such distribution, intestate and resident of State of New York.
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Related to Death Beneficiary

  • 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.

  • 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.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Designation of Beneficiary The depositor may designate a beneficiary or beneficiaries to receive benefits from the custodial account in the event of the depositor’s death. In the event the depositor has not designated a beneficiary, or if all beneficiaries shall predecease the depositor, the following persons shall take in the order named: a. The spouse of the depositor; b. If the spouse shall predecease the depositor or if the depositor does not have a spouse, then to the depositor’s estate.

  • Beneficiary The Participant may file with the Committee a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, amend or revoke such designation.

  • 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.

  • Death Benefits Upon the Executive’s death during the Contract Period, the Executive’s estate shall not be entitled to any further benefits under this Agreement.

  • 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.

  • 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.

  • 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.

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