Common use of Definition of Beneficiary Clause in Contracts

Definition of Beneficiary. For purposes of the foregoing, the term "Beneficiary" shall mean any person (including any trust or trustee) Employee may have designated in a writing acceptable to and filed with the Company. In the absence of the appointment of such a beneficiary or if such beneficiary predeceases Employee or refuses to accept the benefits hereunder, then the term "Beneficiary" shall mean the estate of Employee.