Common use of No Beneficiary Designation Clause in Contracts

No Beneficiary Designation. If the Participant dies without a valid Beneficiary designation, or if all designated Beneficiaries predecease the Participant, then the Participant’s spouse shall be the designated Beneficiary. If the Participant has no surviving spouse, any benefit shall be paid to the personal representative of the Participant’s estate.

Appears in 9 contracts

Samples: Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.)

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No Beneficiary Designation. If the Participant Employee dies without a valid Beneficiary designationdesignation of Beneficiary, or if all designated Beneficiaries predecease the ParticipantEmployee, then the ParticipantEmployee’s surviving spouse shall be the designated Beneficiary. If the Participant Employee has no surviving spouse, any benefit the benefits shall be paid made payable to the personal representative of the ParticipantEmployee’s estate.

Appears in 9 contracts

Samples: Split Dollar Life Insurance Agreement (Salisbury Bancorp, Inc.), Split Dollar Life Insurance Agreement (Wilson Bank Holding Co), Split Dollar Life Insurance Agreement (Salisbury Bancorp, Inc.)

No Beneficiary Designation. If the a Participant dies without fails to designate a valid Beneficiary designationas provided above, or if all designated Beneficiaries predecease the Participant or die prior to complete distribution of the Participant's benefits, then the Participant’s spouse 's designated Beneficiary shall be the designated Beneficiarydeemed to be his or her surviving spouse. If the Participant has no surviving spouse, any benefit shall the benefits remaining under the Plan to be paid to the personal representative of a Beneficiary shall be payable to the Participant’s 's estate.

Appears in 3 contracts

Samples: Adoption Agreement (AVITA Medical, Inc.), Deferred Compensation Plan (Beacon Roofing Supply Inc), Adoption Agreement (Royal Gold Inc)

No Beneficiary Designation. If the Participant dies without a valid Beneficiary designation, or if all designated Beneficiaries predecease the Participant, then the Participant’s 's spouse shall be the designated Beneficiary. If the Participant has no surviving spouse, any benefit the benefits shall be paid to the personal representative of the Participant’s 's estate.

Appears in 2 contracts

Samples: Director Deferred Compensation Plan (Choiceone Financial Services Inc), Director Deferred Compensation Plan (Choiceone Financial Services Inc)

No Beneficiary Designation. If the a Participant dies without fails to designate a valid Beneficiary designationas provided above, or if all designated Beneficiaries predecease the Participant or die prior to complete distribution of the Participant’s benefits, then the Participant’s spouse designated Beneficiary shall be the designated Beneficiarydeemed to be his or her surviving spouse. If the Participant has no surviving spouse, any benefit shall the benefits remaining under the Plan to be paid to a Beneficiary shall be payable to the executor or personal representative of the Participant’s estate.

Appears in 2 contracts

Samples: Adoption Agreement (Innovative Industrial Properties Inc), Adoption Agreement (Sparton Corp)

No Beneficiary Designation. If the a Participant dies without fails to designate a valid Beneficiary designationas provided above, or if all designated Beneficiaries predecease the Participant or die prior to complete distribution of the Participant's benefits, then the Participant’s spouse 's designated Beneficiary shall be the designated Beneficiarydeemed to be his or her surviving spouse. If the Participant has no surviving spouse, any benefit shall the benefits remaining under the Plan to be paid to the personal representative of a Beneficiary shall be payable to the Participant’s 's estate.. 8.5

Appears in 1 contract

Samples: Deferred Compensation Plan (Mission Produce, Inc.)

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No Beneficiary Designation. If the (A) When a Participant dies without designating a valid Beneficiary designationBeneficiary, or if all designated Beneficiaries predecease the Participant, then the Participant’s spouse Death Benefit shall be the designated Beneficiarypaid to such Participant's legal Spouse, if any. If the Participant Participant's legal Spouse hashave pre-deceased him/her or has no surviving spouseceased to be his/her legal Spouse, any the death benefit shall be paid to the personal legal representative of the Participant’s 's estate.

Appears in 1 contract

Samples: Pension Plan

No Beneficiary Designation. If the Participant dies without fails to designate a valid Beneficiary designation, as provided in this Article IV or if all designated Beneficiaries predecease the ParticipantParticipant or die prior to all distributions hereunder being completed, then the Participant’s spouse surviving spouse, if any, shall be deemed to be the designated Beneficiary. If Beneficiary or, if the Participant has no surviving spouse, any benefit shall be paid to the personal representative of the Participant’s estateestate shall be deemed to be the designated Beneficiary.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Graftech International LTD)

No Beneficiary Designation. If the Participant dies without a valid Beneficiary designationdesignation of beneficiary, or if all designated Beneficiaries predecease the Participant, then the Participant’s surviving spouse shall be the designated Beneficiary. If the Participant has no surviving spouse, any benefit the benefits shall be paid made payable to the personal representative of the Participant’s estate.

Appears in 1 contract

Samples: Group Term Carve Out Plan (Beverly National Corp)

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