New Beneficiaries Sample Clauses
The "New Beneficiaries" clause defines the process and conditions under which additional individuals or entities may be added as beneficiaries to an agreement or policy after its inception. Typically, this clause outlines the requirements for designating new beneficiaries, such as providing written notice or obtaining consent from relevant parties, and may specify any limitations or approval procedures. Its core practical function is to provide a clear and orderly method for updating beneficiary designations, thereby ensuring that changes are recognized and disputes are minimized.
New Beneficiaries. If prior to a Change in Control an individual is duly elected to the Board of Directors, Grantor agrees to notify the Trustee and the Beneficiaries’ Representative promptly of such election or appointment; provided, however, Grantor’s failure to so notify the Trustee and the Beneficiaries’ Representative shall not affect in any way an individual Director’s rights as a Beneficiary under this Trust. The Trustee and the Beneficiaries’ Representative shall have the right to rely on the accuracy and completeness of any statement provided to it by Grantor’s Secretary, Assistant Secretary or Chief Executive Officer as to the Beneficiary status of any individual.
New Beneficiaries. DVHA shall be responsible for educating individuals to help beneficiaries and potential beneficiaries of the Global Commitment to Health Medicaid Demonstration understand the requirements and benefits of the plan. Education activities may be conducted via mail, by telephone, and/or through face-to- face meetings. DVHA may employ the services of an enrollment broker to assist in outreach and education activities. DocuSign Envelope ID: F73EF454-508D-44AC-ABD8-2A528194331A
New Beneficiaries. If prior to a Change of Control an individual is duly elected to the Board of Directors, ▇▇▇▇▇▇▇ agrees to notify the Trustee and the Beneficiaries’ Representative promptly of such election or appointment; provided, however, ▇▇▇▇▇▇▇’s failure to so notify the Trustee and the Beneficiaries’ Representative shall not affect in any way an individual Director’s rights as a Beneficiary under this Trust. The Trustee and the Beneficiaries’ Representative shall have the right to rely on the accuracy and completeness of any statement provided to it by ▇▇▇▇▇▇▇’s Secretary, Assistant Secretary or Chief Executive Officer as to the Beneficiary status of any individual.
New Beneficiaries. If an individual not listed in Exhibit A is duly elected to the Board of Directors of Grantor or appointed as an executive officer, Grantor agrees to notify the Trustee promptly of such election or appointment by delivering to the Trustee an updated Exhibit A which has been certified by the Secretary of Grantor to be accurate and to have been prepared in good faith. The Trustee shall have the right to rely on the accuracy and completeness of the most recent Exhibit A so provided.
New Beneficiaries. Each person to whom an interest in the Trust is properly transferred shall become a Beneficiary, and the transfer shall become effective, upon the execution by such transferee of this Agreement, acknowledged by the Trustee, and the issuance of a Certificate to him, her, or it. The Trustee must acknowledge any transfer made in conformity with this Agreement.