DESIGNATING A BENEFICIARY Clause Samples

DESIGNATING A BENEFICIARY. Subject to the provisions of this Section, Associate may, from time to time, designate a beneficiary or beneficiaries to receive any payments under this Agreement which remain due and payable at the time of his death. Each beneficiary must be designated by Associate on a written beneficiary designation form, which must be received prior to his death. Associate may change his designated beneficiary or beneficiaries by submitting an appropriately completed, written beneficiary designation form to the CHRO prior to his death and prior to the commencement of benefit payments. If Associate fails properly to designate a beneficiary, any payment otherwise due and payable under this Agreement will be made to Associate's surviving spouse, if any, and otherwise to the personal representative of Associate's estate.

DESIGNATING A BENEFICIARY. Subject to the provisions of this Section, the Employee may, from time to time, designate a beneficiary or beneficiaries to receive any payments under this Agreement which remain due and payable at the time of his death. Each beneficiary must be designated by the Employee on a written beneficiary designation form, which must be received prior to his death. The Employee may change his designated beneficiary or beneficiaries by submitting an appropriately completed, written beneficiary designation form to the Chief Human Resources Officer (the "CHRO") of the Corporation prior to his death. The beneficiary or beneficiaries currently designated by the Employee are identified on Exhibit A, which is attached and made a part of this Agreement. If the Employee fails properly to designate a beneficiary, any payment otherwise due and payable under this Agreement will be made to the Employee's surviving spouse, if any, and otherwise to the personal representative of the Employee's estate.