Investor Must Name Beneficiary Sample Clauses

Investor Must Name Beneficiary. All Investors of the Company must designate a beneficiary intended to receive any distributions which would ordinarily be distributed to said Investor in anticipation of said Investor’s death or permanent disability. Said beneficiary shall be entitled only to receive any distributions which said Investor would have received if not for the death or permanent disability of said Investor. Upon any Investor’s death or permanent disability, the Company shall notify the Investor’s beneficiary of the beneficiary’s right to receive the distributions incurred with relation to said Investor’s Investment Interest within the Company. Similar to any Investor of the Company, any such Investor’s designated beneficiary shall not be entitled to participate in the management of the Company or Company’s business affairs or operations under any circumstance whatsoever. Failure to assign beneficiary reverts any investment returns over to Company with no claim rights of any other individual.
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Related to Investor Must Name Beneficiary

  • Designation of Representative The Director of Public Works or the Director’s authorized representative is hereby designated as the City’s representative with respect to the work to be performed under this Agreement. Said representative shall have complete authority to transmit instructions, receive information, and interpret and define the City’s policies and decisions with respect to the services of the Consultant.

  • 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 Representatives The District’s Representative is: Name and Contact Information The Contractor’s Representative is: Name and Contact Information A party may change its designated representative upon 30 days written notice to the other party.

  • Instructions for Certification – First Tier Participants a. By signing and submitting this proposal, the prospective first tier participant is providing the certification set out below.

  • What Will Happen After We Receive Your Letter When we receive your letter, we must do two things:

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  • 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:

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