Definition of Beneficiary. Participant’s “Beneficiary” or “Beneficiaries” shall be the person(s) designated in writing by Participant to receive his or her benefits under this Agreement if Participant dies before receiving all of his or her benefits. In the absence of a valid or effective Beneficiary designation, Participant’s surviving spouse shall be the Beneficiary or if there is none, the Beneficiary shall be Participant’s estate.
Appears in 2 contracts
Samples: Restricted Share Unit Agreement (Mitsubishi Ufj Financial Group Inc), Restricted Stock Unit Agreement (Unionbancal Corp)
Definition of Beneficiary. Participant’s “Beneficiary” or “Beneficiaries” shall will be the person(s) designated in writing by Participant to receive his or her benefits under this Agreement if Participant dies before receiving all of his or her benefits. In the absence of a valid or effective Beneficiary designation, Participant’s surviving spouse shall will be the Beneficiary or if there is none, the Beneficiary shall will be Participant’s estate.
Appears in 1 contract
Samples: Restricted Share Unit Agreement (Mitsubishi Ufj Financial Group Inc)
Definition of Beneficiary. Participant’s “Beneficiary” or “Beneficiaries” shall be the person(s) designated in writing by Participant to receive his or her benefits under this Agreement if Participant dies before receiving all of his or her benefits. In the absence of a valid or effective Beneficiary designation, Participant’s surviving spouse shall be the Beneficiary or if there is none, the Beneficiary shall be Participant’s estate.. UNIONBANCAL CORPORATION STOCK BONUS PLAN RESTRICTED SHARE UNIT AGREEMENT
Appears in 1 contract
Samples: Restricted Share Unit Agreement (Mitsubishi Ufj Financial Group Inc)
