EXCLUSION OF A BENEFICIARY Sample Clauses

EXCLUSION OF A BENEFICIARY. The exclusion of a Beneficiary may be decided by the Collaboration Board by unanimous vote minus the vote of the concerned Beneficiary and pursuant to the terms set forth in the Grant Agreement. The exclusion of a Beneficiary has the same consequences as a withdrawal. The exclusion of a Beneficiary can be decided for clear unresponsiveness. The Escalation Procedure described below deals with unresponsive Beneficiaries. This procedure is only started after the Workpackage Manager has attempted to establish contact with the Beneficiary via various means (including telephone calls) and it should be understood that it could lead to the exclusion of the Beneficiary from the Project.
Sample 1
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EXCLUSION OF A BENEFICIARY. The exclusion of a Beneficiary may be decided by the HP3GB by unanimous vote minus the vote of the concerned Beneficiary, pursuant to the terms set forth in the Grant Agreement. The exclusion of a Beneficiary has the same consequences as a withdrawal. In case the exclusion is due to a breach by the excluded Beneficiary of its obligations under this Consortium Agreement or the Grant Agreement, any and all Access Rights granted to the excluded Beneficiary by the other Beneficiaries under the Consortium Agreement as well as under the Grant Agreement, shall cease immediately.
Sample 1

Related to EXCLUSION OF A BENEFICIARY

  • Third Party Beneficiary The Holders shall be third party beneficiaries to the agreements made hereunder between the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the extent they may deem such enforcement necessary or advisable to protect its rights or the rights of Holders hereunder.

  • How do the RMD Rules Impact my Designated Beneficiary or Beneficiaries The RMD rules provide for the determination of your designated beneficiary or beneficiaries as of September 30 of the year following your death. Consequently, any beneficiary may be eliminated for purposes of calculating the RMD by the distribution of that beneficiary’s benefit, through a valid disclaimer between your death and the end of September following the year of your death, or by dividing your IRA account into separate accounts for each of several designated beneficiaries you may have designated.

  • 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:

  • Third-party beneficiary clause 1. The data subject can enforce against the data exporter this Clause, Clause 4(b) to (i), Clause 5(a) to (e), and (g) to (j), Clause 6(1) and (2), Clause 7, Clause 8(2), and Clauses 9 to 12 as third-party beneficiary.

  • Beneficiary The Participant may file with the Committee a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, amend or revoke such designation.

  • No Third Party Beneficiary The terms and provisions of this Agreement are intended solely for the benefit of each party hereto and their respective successors or permitted assigns, and it is not the intention of the parties to confer third-party beneficiary rights upon any other Person.

  • Alternate Payee A. Pursuant to the provisions of the Assumption of Liability Endorsement, the Reinsurer has agreed that, in lieu of payment to the Company or its receiver, rehabilitator, liquidator, conservator, or other statutory successor, it shall pay valid claims under the Policy directly to the Insured, at the Insured's request, if a Cut Through Triggering Event (as that term is defined in the Assumption of Liability Endorsement) occurs.

  • WAIVER OF RIGHTS ON DEATH OF OTHER SPOUSE Except for any Child Support statements made in Attachment A, each Spouse hereby waives the right to receive any property or rights whatsoever on the death of the other, unless such right is created or affirmed by the other under a will or other written document executed after the effective date of this Agreement. Each Spouse believes that he or she has received a fair and reasonable disclosure of the property and financial obligations of the other Spouse. Except for rights listed in this Agreement, the rights waived include, but are not limited to, rights to any of the following:

  • Third Party Beneficiaries This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

  • Designated Beneficiary The individual who is designated as the Beneficiary under the Plan and is the designated beneficiary under Section 401(a)(9) of the Internal Revenue Code and Section 1.401(a)(9)-1, Q&A-4, of the Treasury regulations.

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