Failure to Designate a Beneficiary. If Director dies without a valid Beneficiary designation on file with the Plan Administrator, the Director’s surviving spouse, if any, shall become the designated Beneficiary. If Director has no surviving spouse, death benefits shall be paid to the personal representative of Director’s estate.
Appears in 9 contracts
Samples: Supplemental Director Retirement Agreement (BV Financial, Inc.), Supplemental Director Retirement Agreement (First Seacoast Bancorp), Supplemental Director Retirement Agreement (First Seacoast Bancorp)