Common use of No Beneficiary Designation Clause in Contracts

No Beneficiary Designation. If a Participant fails to designate a Beneficiary as 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 designated Beneficiary shall be deemed to be his or her surviving spouse. If the Participant has no surviving spouse, the benefits remaining under the Plan to be paid to a Beneficiary shall be payable to the Participant's estate.

Appears in 3 contracts

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

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

Appears in 2 contracts

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

No Beneficiary Designation. If a the Participant fails to designate a Beneficiary as provided abovein Sections 8.2 and 8.3 above or, or if all designated Beneficiaries predecease the Participant or die prior to complete distribution of the Participant's benefits, then the Participant's designated Beneficiary spouse shall be deemed to be his or her surviving spousethe designated Beneficiary. If the Participant has no surviving spouse, the benefits remaining under the Plan to be paid to a Beneficiary Agreement shall be payable to the executor or personal representative of the Participant's estate.

Appears in 1 contract

Samples: Employment Agreement (Ryland Group Inc)

No Beneficiary Designation. If a the Participant fails to designate a Beneficiary as provided above, in this Article IV or if all designated Beneficiaries predecease the Participant or die prior to complete distribution of the Participant's benefitsall distributions hereunder being completed, then the Participant's designated Beneficiary ’s surviving spouse, if any, shall be deemed to be his or her surviving spouse. If the designated Beneficiary or, if the Participant has no surviving spouse, the benefits remaining under the Plan Participant’s estate shall be deemed to be paid to a Beneficiary shall be payable to the Participant's estatedesignated Beneficiary.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Graftech International LTD)

No Beneficiary Designation. If a Participant fails to designate a Beneficiary as provided in Sections 4.1, 4.2 and 4.3 above, or or, if all designated Beneficiaries predecease the Participant or die prior to complete distribution of the Participant's benefits, then the Participant's designated Beneficiary shall be deemed to be his or her surviving spouse. If the Participant has no surviving spouse, the benefits remaining under the Plan to shall be paid to a Beneficiary shall be payable Participant's issue upon the principle of representation, and if there is no such issue, to the Participant's estate.

Appears in 1 contract

Samples: Executive Officer Deferred Compensation Plan (Herbalife International Inc)

No Beneficiary Designation. If a Participant fails to designate a Beneficiary as 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 designated Beneficiary shall be deemed to be his or her surviving spouse. If the Participant has no surviving spouse, 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 1 contract

Samples: Deferred Compensation Plan (U.S. Auto Parts Network, Inc.)

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No Beneficiary Designation. If a Participant fails to designate a In the absence of an effective Beneficiary as provided abovedesignation, or if all designated Beneficiaries predecease the Participant or die prior to complete distribution of the Participant's benefits, then the Participant's designated Beneficiary shall be deemed to be his or her surviving spouse. If the Participant has no surviving spouse, the benefits remaining under the Plan to be paid to a Beneficiary shall be payable to the Participant's estate.

Appears in 1 contract

Samples: Not Specified (Egghead Inc /Wa/)

No Beneficiary Designation. If a Participant fails to designate a Beneficiary as 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 designated Beneficiary shall be deemed to be his or her surviving spouse. If the Participant has no surviving spouse, the benefits remaining under the Plan to be paid to a Beneficiary shall be payable to the Participant's estate.. 8.5

Appears in 1 contract

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

No Beneficiary Designation. If the Participant dies without a Participant fails to designate a Beneficiary as provided abovevalid designation of beneficiary, or if all designated Beneficiaries predecease the Participant or die prior to complete distribution of the Participant's benefits, then the Participant's designated Beneficiary ’s surviving spouse shall be deemed to be his or her surviving spousethe designated Beneficiary. If the Participant has no surviving spouse, the benefits remaining under the Plan to be paid to a Beneficiary shall be made payable to the personal representative of the Participant's ’s estate.

Appears in 1 contract

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

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