Distribution of Beneficiary Unit Sample Clauses

Distribution of Beneficiary Unit. Beneficiary units (or shares) shall be distributed to the Settlor based on the values of the aforementioned investment product capable of being subscribed to by the Trustee with the trust funds of the Settlor, calculated by the ratio of the aforementioned investment product that can be subscribed according to the trust funds of each Settlor. The distribution and calculation method shall be handled according to the regulations of each investment product and the issuing institution. However, where there are still remaining values, the Settlor agrees and authorizes the Trustee to handle the same according to its relevant internal operating rules and procedures.
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Related to Distribution of Beneficiary Unit

  • Designation of Beneficiary The depositor may designate a beneficiary or beneficiaries to receive benefits from the custodial account in the event of the depositor’s death. In the event the depositor has not designated a beneficiary, or if all beneficiaries shall predecease the depositor, the following persons shall take in the order named:

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

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