Common use of Designation of Beneficiaries Clause in Contracts

Designation of Beneficiaries. (a) The Executive may designate a beneficiary to receive any amount payable pursuant to paragraph 2(d) (the “Designated Beneficiary”) by executing and filing with the Company during his/her lifetime, a Beneficiary Designation in the form attached hereto. The Executive may change or revoke any such designation by executing and filing with the Company during his/her lifetime a new Beneficiary Designation. If the Executive is married and names someone other than his/her spouse (e.g., child) as primary beneficiary, the designation is invalid unless the spouse consents by signing the designated area of the Beneficiary Designation form in the presence of a Notary Public. (b) If all Designated Beneficiaries predecease the Executive, or, in the case of corporations, partnerships, trusts or other entities which are Designated Beneficiaries, are terminated, dissolved, become insolvent or are adjudicated bankrupt prior to the date of the Executive’s death, or if the Executive fails to designate a beneficiary, then the following persons in the order set forth below shall be the Executive’s beneficiaries: i) Executive’s spouse, if living; otherwise ii) Executive’s then living descendants, per stirpes; and otherwise iii) Executive’s estate

Designation of Beneficiaries. (a) The Executive may designate a beneficiary to receive any amount payable pursuant to paragraph 2(d2(b) (the “Designated Beneficiary”) by executing and filing with the Company during his/her lifetime, a Beneficiary Designation in the form attached hereto. The Executive may change or revoke any such designation by executing and filing with the Company during his/her lifetime a new Beneficiary Designation. If the Executive is married and names someone other than his/her spouse (e.g., child) as primary beneficiary, the designation is invalid unless the spouse consents by signing the designated area of the Beneficiary Designation form in the presence of a Notary Public. (b) If all Designated Beneficiaries predecease the Executive, orand if any corporation, in the case of corporationspartnership, partnerships, trusts trust or other entities entity which are is a Designated Beneficiaries, are Beneficiary is terminated, dissolved, become becomes insolvent or are is adjudicated bankrupt prior to the date of the Executive’s death, or if the Executive fails to designate a beneficiary, then the following persons in the order set forth below shall be receive the Executive’s beneficiariesamount which the previous Designated Beneficiary would have been entitled to receive: i) Executive’s spouse, if living; otherwise ii) Executive’s then living descendants, per stirpes; and otherwise iii) Executive’s estate

Designation of Beneficiaries. (a) The Executive may designate a beneficiary to receive any amount payable pursuant to paragraph 2(d2(e) (the “Designated Beneficiary”) by executing and or filing with the Company during his/her lifetime, a Beneficiary Designation in the form attached hereto. The Executive may change or revoke any such designation by executing and filing with the Company during his/her lifetime a new Beneficiary Designation. If the Executive is married and names someone other than his/her spouse (e.g., child) as primary beneficiary, the designation is invalid unless the spouse consents must consent by signing the designated area of the Beneficiary Designation form in the presence of a Notary Public. (b) If all any Designated Beneficiaries predecease Beneficiary predeceases the Executive, oror if any corporation, in the case of corporationspartnership, partnerships, trusts trust or other entities entity which are is a Designated Beneficiaries, are Beneficiary is terminated, dissolved, become insolvent or are becomes insolvent, is adjudicated bankrupt prior to the date of the Executive’s death, or if the Executive fails to designate a beneficiary, then the following persons in the order set forth below shall be receive the Executive’s beneficiariesentire amount specified in paragraph 2(e) above, which the previous Designated Beneficiary would have been entitled to receive: i) Executive’s spouse, if living; otherwise ii) Executive’s then living descendants, per stirpes; and otherwise; iii) Executive’s estate

Designation of Beneficiaries. (a) The Executive may designate a beneficiary to receive any amount payable pursuant to paragraph 2(d) (the “Designated Beneficiary”) by executing and filing with the Company during his/her lifetime, a Beneficiary Designation in the form attached hereto. The Executive may change or revoke any such designation by executing and filing with the Company during his/her lifetime a new Beneficiary Designation. If the Executive is married and names someone other than his/her spouse (e.g., child) as primary beneficiary, the designation is invalid unless the spouse consents by signing the designated area of the Beneficiary Designation form in the presence of a Notary Public. (b) If all Designated Beneficiaries predecease the Executive, or, in the case of corporations, partnerships, trusts or other entities which are Designated Beneficiaries, are terminated, dissolved, become insolvent or are adjudicated bankrupt prior to the date of the Executive’s death, or if the Executive fails to designate a beneficiary, then the following persons in the order set forth below shall be the Executive’s beneficiaries: i) Executive’s spouse, if living; otherwise ii) Executive’s then living descendants, per stirpes; and otherwise iii) Executive’s estate.

Designation of Beneficiaries. (a) The Executive may designate a beneficiary to receive any amount payable pursuant to paragraph 2(d2(b) (the “Designated Beneficiary”) by executing and filing with the Company during his/her lifetime, a Beneficiary Designation in the form attached hereto. The Executive may change or revoke any such designation by executing and filing with the Company during his/her lifetime a new Beneficiary Designation. If the Executive is married and names someone other than his/her spouse (e.g., child) as primary beneficiary, the designation is invalid unless the spouse consents by signing the designated area of the Beneficiary Designation form in the presence of a Notary Public. (b) If all Designated Beneficiaries predecease the Executive, Executive or, in the case of corporations, partnerships, trusts or other entities which are Designated Beneficiaries, are terminated, dissolved, become insolvent or are adjudicated bankrupt prior to the date of the Executive’s death, or if the Executive fails to designate a beneficiary, then the following persons in the order set forth below shall be the Executive’s beneficiariesDesignated Beneficiaries: i) Executive’s spouse, if living; otherwiseor if none ii) Executive’s then living descendants, per stirpes; and otherwiseor if none iii) Executive’s estate.

Designation of Beneficiaries. (a) The Executive may designate a beneficiary to receive any amount payable pursuant to paragraph 2(d) (the “Designated Beneficiary”) by executing and or filing with the Company during his/her lifetime, a Beneficiary Designation in the form attached hereto. The Executive may change or revoke any such designation by executing and filing with the Company during his/her lifetime a new Beneficiary Designation. If the Executive is married and names someone other than his/her spouse (e.g., child) as primary beneficiary, the designation is invalid unless the spouse consents by signing the designated area of the Beneficiary Designation form in the presence of a Notary Public. (b) If all Designated Beneficiaries predecease the Executive, orand if any corporation, in the case of corporationspartnership, partnerships, trusts trust or other entities entity which are is a Designated Beneficiaries, are Beneficiary is terminated, dissolved, become becomes insolvent or are is adjudicated bankrupt prior to the date of the Executive’s death, or if the Executive fails to designate a beneficiary, then the following persons in the order set forth below shall be receive the Executive’s beneficiariesamount which the previous Designated Beneficiary would have been entitled to receive: i) Executive’s spouse, if living; otherwise ii) Executive’s then living descendants, per stirpes; and otherwise; iii) Executive’s estate

Designation of Beneficiaries. (a) The Executive may designate a beneficiary to receive any amount payable pursuant to paragraph 2(d2(c) (the “Designated Beneficiary”) by executing and or filing with the Company during his/her lifetime, a Beneficiary Designation in the form attached hereto. The Executive may change or revoke any such designation by executing and filing with the Company during his/her lifetime a new Beneficiary Designation. If the Executive is married and names someone other than his/her spouse (e.g., child) as primary beneficiary, the designation is invalid unless the spouse consents must consent by signing the designated area of the Beneficiary Designation form in the presence of a Notary Public. (b) If all any Designated Beneficiaries predecease Beneficiary predeceases the Executive, oror if any corporation, in the case of corporationspartnership, partnerships, trusts trust or other entities entity which are is a Designated Beneficiaries, are Beneficiary is terminated, dissolved, become insolvent or are becomes insolvent, is adjudicated bankrupt prior to the date of the Executive’s death, or if the Executive fails to designate a beneficiary, then the following persons in the order set forth below shall be receive the Executive’s beneficiariesentire amount specified in paragraph 2(c) above, which the previous Designated Beneficiary would have been entitled to receive: i) Executive’s spouse, if living; otherwise ii) Executive’s then living descendants, per stirpes; and otherwise; iii) Executive’s estate

Designation of Beneficiaries. (a) The Executive may designate a beneficiary to receive any amount payable pursuant to paragraph 2(d2(b) (the “Designated Beneficiary”) by executing and or filing with the Company during his/her lifetime, a Beneficiary Designation in the form attached hereto. The Executive may change or revoke any such designation by executing and filing with the Company during his/her lifetime a new Beneficiary Designation. If the Executive is married and names someone other than his/her spouse (e.g., child) as primary beneficiary, the designation is invalid unless the spouse consents by signing the designated area of the Beneficiary Designation form in the presence of a Notary Public. (b) If all Designated Beneficiaries predecease the Executive, orand if any corporation, in the case of corporationspartnership, partnerships, trusts trust or other entities entity which are is a Designated Beneficiaries, are Beneficiary is terminated, dissolved, become becomes insolvent or are is adjudicated bankrupt prior to the date of the Executive’s death, or if the Executive fails to designate a beneficiary, then the following persons in the order set forth below shall be receive the Executive’s beneficiariesamount which the previous Designated Beneficiary would have been entitled to receive: i) Executive’s spouse, if living; otherwise ii) Executive’s then living descendants, per stirpes; and otherwise; iii) Executive’s estate

Designation of Beneficiaries. (a) The Executive may designate a beneficiary to receive any amount payable pursuant to paragraph 2(d) (the “Designated Beneficiary”) by executing and or filing with the Company during his/her lifetime, a Beneficiary Designation in the form attached hereto. The Executive may change or revoke any such designation by executing and filing with the Company during his/her lifetime a new Beneficiary Designation. If the Executive is married and names someone other than his/her spouse (e.g., child) as primary beneficiary, the designation is invalid unless the spouse consents must consent by signing the designated area of the Beneficiary Designation form in the presence of a Notary Public. (b) If all any Designated Beneficiaries predecease Beneficiary predeceases the Executive, oror if any corporation, in the case of corporationspartnership, partnerships, trusts trust or other entities entity which are is a Designated Beneficiaries, are Beneficiary is terminated, dissolved, become insolvent or are becomes insolvent, is adjudicated bankrupt prior to the date of the Executive’s death, or if the Executive fails to designate a beneficiary, then the following persons in the order set forth below shall be receive the Executive’s beneficiariesentire amount specified in paragraph 2(c) above, which the previous Designated Beneficiary would have been entitled to receive: i) Executive’s spouse, if living; otherwise ii) Executive’s then living descendants, per stirpes; and otherwise; iii) Executive’s estate