Common use of Designation of Beneficiaries Clause in Contracts

Designation of Beneficiaries. (a) The Participant may designate any person or persons (who may be named contingently or successively) to receive any benefits payable under the Plan upon the Participant's death, and the designation may be changed from time to time by the Participant by filing a new designation. Each designation will revoke all prior designations by the Participant and shall be in the form prescribed by the Administrator, and shall be effective only when filed in writing with the Administrator during the Participant's lifetime. (b) In the absence of a valid Beneficiary designation, or if, at the time any benefit payment is due to a Beneficiary, there is no living Beneficiary validly named by the Participant, the Plan Sponsor shall pay the benefit payment to the Participant's spouse, if then living, and if the spouse is not then living to the Participant's then living descendants, if any, per stirpes, and if there are no living descendants, to the Participant's estate. In determining the existence or identity of anyone entitled to a benefit payment, the Plan Sponsor may rely conclusively upon information supplied by the Participant's personal representative, executor, or administrator. (c) If a question arises as to the existence or identity of anyone entitled to receive a death benefit payment under the Plan, or if a dispute arises with respect to any death benefit payment under the Plan, the Plan Sponsor may distribute the payment to the Participant's estate without liability for any tax or other consequences, or may take any other action which the Plan Sponsor deems to be appropriate.

Designation of Beneficiaries. (a) The Participant may designate any person or persons (who may be named contingently or successively) to receive any benefits payable under the Plan upon the Participant's ’s death, and the designation may be changed from time to time by the Participant by filing a new designation. Each designation will revoke all prior designations by the Participant and shall be in the form prescribed by the Administrator, and shall be effective only when filed in writing with the Administrator during the Participant's ’s lifetime. (b) In the absence of a valid Beneficiary designation, or if, at the time any benefit payment is due to a Beneficiary, there is no living Beneficiary validly named by the Participant, the Plan Sponsor shall pay the benefit payment to the Participant's ’s spouse, if then living, and if the spouse is not then living to the Participant's ’s then living descendants, if any, per stirpes, and if there are no living descendants, to the Participant's ’s estate. In determining the existence or identity of anyone entitled to a benefit payment, the Plan Sponsor may rely conclusively upon information supplied by the Participant's ’s personal representative, executor, or administrator. (c) If a question arises as to the existence or identity of anyone entitled to receive a death benefit payment under the Plan, or if a dispute arises with respect to any death benefit payment under the Plan, the Plan Sponsor may distribute the payment to the Participant's ’s estate without liability for any tax or other consequences, or may take any other action which the Plan Sponsor deems to be appropriate.

Designation of Beneficiaries. (a) The Each Participant may designate any person or persons (who may be named contingently or successively) to receive any benefits payable under the Plan upon the Participant's ’s death, and the designation may be changed from time to time by the Participant by filing a new designation. Each designation will revoke all prior designations by the Participant and same Participant, shall be in the form prescribed by the AdministratorCommittee, and shall be effective only when filed in writing with the Administrator Committee during the Participant's ’s lifetime. (b) In the absence of a valid Beneficiary designation, or if, at the time any benefit payment is due to a Beneficiary, there is no living Beneficiary validly named by the Participant, the Plan Sponsor Corporation shall pay the benefit payment to the Participant's ’s spouse, if then living, and if the spouse is not then living to the Participant's ’s then living descendants, if any, per stirpes, and if there are no living descendants, to the Participant's ’s estate. In determining the existence or identity of anyone entitled to a benefit payment, the Plan Sponsor Corporation may rely conclusively upon information supplied by the Participant's ’s personal representative, executor, or administrator. (c) If a question arises as to the existence or identity of anyone entitled to receive a death benefit payment under the Plan, or if a dispute arises with respect to any death benefit payment under the Plan, the Plan Sponsor Corporation may distribute the payment to the Participant's ’s estate without liability for any tax or other consequences, or may take any other action which the Plan Sponsor Corporation deems to be appropriate.

Designation of Beneficiaries. (a) The Participant may designate any person or persons (who may be named contingently or successively) to receive any benefits payable under the Plan upon the Participant's death, and the designation may be changed from time to time by the Participant by filing a new designation. Each designation will revoke all prior designations by the Participant and shall be in the form prescribed by the Administrator, and shall be effective only when filed in writing with the Administrator during the Participant's ’s lifetime. (b) In the absence of a valid Beneficiary designation, or if, at the time any benefit payment is due to a Beneficiary, there is no living Beneficiary validly named by the Participant, the Plan Sponsor shall pay the benefit payment to the Participant's spouse, if then living, and if the spouse is not then living to the Participant's then living descendants, if any, per stirpes, and if there are no living descendants, to the Participant's estate. In determining the existence or identity of anyone entitled to a benefit payment, the Plan Sponsor may rely conclusively upon information supplied by the Participant's personal representative, executor, or administrator. (c) If a question arises as to the existence or identity of anyone entitled to receive a death benefit payment under the Plan, or if a dispute arises with respect to any death benefit payment under the Plan, the Plan Sponsor may distribute the payment to the Participant's estate without liability for any tax or other consequences, or may take any other action which the Plan Sponsor deems to be appropriate.

Designation of Beneficiaries. (a) The Each Participant from time to time may designate on a form provided by the Employer any person or persons (who may be named contingently or successively) to receive any such benefits as may be payable under the Plan upon or after the Participant's death, and the such designation may be changed from time to time by the Participant by filing a new designation. Each designation will revoke all prior designations by the Participant and same Participant, shall be in the a form prescribed by the AdministratorEmployer, and shall will be effective only when filed in writing with the Administrator Employer during the Participant's lifetime. (b) . In the absence of a valid Beneficiary designation, or if, at the time any benefit payment is due to a Beneficiary, there is no living Beneficiary validly named by the Participant, the Plan Sponsor Employer shall pay the any such benefit payment to the Participant's spouse, if then living, and if the spouse is not then living but otherwise to the Participant's then living descendants, if any, per stirpesstripes, and but, if there are no living descendantsnone, to the Participant's estate. In determining the existence or identity of anyone entitled to a benefit payment, the Plan Sponsor Employer may rely conclusively upon information supplied by the Participant's personal representative, executor, executor or administrator. (c) . If a question arises as to the existence or identity of anyone entitled to receive a death benefit payment under the Planas aforesaid, or if a dispute arises with respect to any death benefit payment under such payment, then, notwithstanding the Planforegoing, the Plan Sponsor Employer, in its sole discretion, may distribute the such payment to the Participant's estate without liability for any tax or other consequencesconsequences which might flow therefrom, or may take any such other action which as the Plan Sponsor Employer deems to be appropriate.

Designation of Beneficiaries. (a) The Each Participant from time to time may designate any person or persons (who may be named contingently or successively) to receive any such benefits as may be payable under the Plan upon or after the Participant's ’s death, and the such designation may be changed from time to time by the Participant by filing a new designation. Each designation will revoke all prior designations by the Participant and same Participant, shall be in the a form prescribed by the AdministratorEmployer, and shall will be effective only when filed in writing with the Administrator Employer during the Participant's ’s lifetime. (b) . In the absence of a valid Beneficiary designation, or if, if at the time any benefit payment is due to a Beneficiary, there is no living Beneficiary validly named by the Participant, the Plan Sponsor Employer shall pay the any such benefit payment to the Participant's ’s spouse, if then living, and if the spouse is not then living but otherwise to the Participant's ’s then living descendants, if any, per stirpes, and but, if there are no living descendantsnone, to the Participant's ’s estate. In determining the existence or identity of anyone entitled to a death benefit payment, the Plan Sponsor Employer may rely conclusively upon information supplied by the Participant's ’s personal representative, executor, executor or administrator. (c) . If a question arises as to the existence or identity of anyone entitled to receive a death benefit payment under the Planas aforesaid, or if a dispute arises with respect to any death benefit payment under such payment, then, notwithstanding the Planforegoing, the Plan Sponsor Employer, in its sole discretion, may distribute or direct the Trustee (if any) to distribute such payment to the Participant's ’s estate without liability for any tax or other consequencesconsequences which might flow therefrom, or may take any such other action which as the Plan Sponsor Employer deems to be appropriate.

Designation of Beneficiaries. (a) The Each Participant may designate any person or persons (who may be named contingently or successively) to receive any benefits payable under the Plan upon the Participant's ’s death, and the designation may be changed from time to time by the Participant by filing a new designation. Each designation will revoke all prior designations by the Participant and same Participant, shall be in the form prescribed by the Plan Administrator, and shall be effective only when filed in writing with the Plan Administrator during the Participant's ’s lifetime.. Beneficiary designations shall be made in the Participant’s Joinder Agreement (b) In the absence of a valid Beneficiary designation, or if, at the time any benefit payment is due to a Beneficiary, there is no living Beneficiary validly named by the Participant, the Plan Sponsor shall pay the benefit payment to the Participant's ’s spouse, if then living, and if the spouse is not then living to the Participant's ’s then living descendants, if any, per stirpesstripes, and if there are no living descendants, to the Participant's ’s estate. In determining the existence or identity of anyone entitled to a benefit payment, the Plan Sponsor may rely conclusively upon information supplied by the Participant's ’s personal representative, executor, executor or administrator. (c) If a question arises as to the existence or identity of anyone entitled to receive a death benefit payment under the Plan, or if a dispute arises with respect to any death benefit payment under the Plan, the Plan Sponsor may distribute the payment to the Participant's ’s estate without liability for any tax or other consequences, or may take any other action which the Plan Sponsor deems to be appropriate.

Designation of Beneficiaries. (a) The Each Participant may designate any person or persons (who may be named contingently or successively) to receive any benefits payable under the Plan upon the Participant's ’s death, and the designation may be changed from time to time by the Participant by filing a new designation. Each designation will revoke all prior designations by the Participant and same Participant, shall be in the form prescribed by the Plan Administrator, and shall be effective only when filed in writing with the Plan Administrator during the Participant's ’s lifetime. (b) In the absence of a valid Beneficiary designation, or if, at the time any benefit payment is due to a Beneficiary, there is no living Beneficiary validly named by the Participant, the Plan Sponsor shall pay the benefit payment to the Participant's ’s spouse, if then living, and if the spouse is not then living to the Participant's ’s then living descendants, if any, per stirpesstripes, and if there are no living descendants, to the Participant's ’s estate. In determining the existence or identity of anyone entitled to a benefit payment, the Plan Sponsor may rely conclusively upon information supplied by the Participant's ’s personal representative, executor, executor or administrator. (c) If a question arises as to the existence or identity of anyone entitled to receive a death benefit payment under the Plan, or if a dispute arises with respect to any death benefit payment under the Plan, the Plan Sponsor may distribute the payment to the Participant's ’s estate without liability for any tax or other consequences, or may take any other action which the Plan Sponsor deems to be appropriate.