Common use of Designation of Beneficiary by Participant Clause in Contracts

Designation of Beneficiary by Participant. A Participant may name a beneficiary to receive any payment to which he/she may be entitled in respect of this Award in the event of his/her death, by notifying the Company. A Participant may change his/her beneficiary from time to time in the same manner. If the Participant has not designated a beneficiary or if no designated beneficiary is living on the date on which any amount becomes payable to a Participant’s beneficiary, that amount shall be paid to the Participant’s estate.

Appears in 21 contracts

Samples: Long Term Incentive Plan (OneBeacon Insurance Group, Ltd.), Long Term Incentive Plan Grant (OneBeacon Insurance Group, Ltd.), Long Term Incentive Plan (OneBeacon Insurance Group, Ltd.)

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Designation of Beneficiary by Participant. A Participant may name a beneficiary to receive any payment to which he/she may be entitled in respect of this Award Agreement in the event of his/her death, by notifying the Company. A Participant may change his/her beneficiary from time to time in the same manner. If the Participant has not designated a beneficiary or if no designated beneficiary is living on the date on which any amount becomes payable to a Participant’s beneficiary, that amount shall be paid to the Participant’s estate.

Appears in 7 contracts

Samples: Performance Unit Award Agreement (Symetra Financial CORP), Performance Unit Award Agreement (Symetra Financial CORP), Performance Unit Award Agreement (Symetra Financial CORP)

Designation of Beneficiary by Participant. A Participant may name a beneficiary to receive any payment to which he/she may be entitled in respect of this Award in the event of his/her death, by notifying the Company. A Participant may change his/her beneficiary from time to time in the same manner. If the Participant has not designated a beneficiary or if no designated beneficiary is living on the date on which any amount becomes payable to a Participant’s 's beneficiary, that amount shall be paid to the Participant’s 's estate.

Appears in 2 contracts

Samples: Long Term Incentive Plan Grant (OneBeacon Insurance Group, Ltd.), Long Term Incentive Plan Grant (OneBeacon Insurance Group, Ltd.)

Designation of Beneficiary by Participant. A Participant may name a beneficiary to receive any payment to which he/she may be entitled in respect of this Award in the event of his/her death, by notifying the Company. A Participant may change his/her beneficiary from time to time in the same manner. If the Participant has not designated a beneficiary or if no designated beneficiary is living on the date on which any amount becomes payable to a Participant’s beneficiary, that amount shall be paid to the Participant’s estate.same

Appears in 1 contract

Samples: Long Term Incentive Plan Grant (OneBeacon Insurance Group, Ltd.)

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Designation of Beneficiary by Participant. A The Participant may may, in accordance with Section 18 of the Plan, name a beneficiary to receive any payment to which he/she the Participant may be entitled in respect of this Award Agreement in the event of his/her the Participant’s death, by notifying the Company. A Participant may change his/her the beneficiary from time to time in the same manner. If the Participant has not designated a beneficiary or if no designated beneficiary is living on the date on which any amount becomes payable to a Participant’s beneficiary, that amount shall be paid to the Participant’s estate.

Appears in 1 contract

Samples: Stock Option Award Agreement (Symetra Financial CORP)

Designation of Beneficiary by Participant. A Participant may name a beneficiary to receive any payment to which he/she he may be entitled in respect of this Award in the event of his/her his death, on a form to be provided by notifying the CompanyCompany Board. A Participant may change his/her his beneficiary from time to time in the same manner. If the Participant has not designated a beneficiary or if no designated beneficiary is living on the date on which any amount becomes payable to a Participant’s 's executors or administrators, the term "beneficiary, that amount " as used in this Agreement shall be paid to the Participant’s estateinclude such person or persons.

Appears in 1 contract

Samples: Performance Unit Award Agreement (OneBeacon Insurance Group, Ltd.)

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