No Beneficiary Designation. If any Participant fails to designate a Beneficiary in the manner provided above, if the designation is void, or if the Beneficiary designated by a deceased Participant dies before the Participant or before complete distribution of the Participant's benefits, the Participant's Beneficiary shall be the person in the first of the following classes in which there is a survivor: (a) The Participant's surviving spouse; (b) The Participant's children in equal shares, except that if any of the children predeceases the Participant but leaves surviving issue, then such issue shall take by right of representation the share the deceased child would have taken if living; or (c) The Participant's estate.
Appears in 4 contracts
Samples: Employment Agreement (Aerobic Creations, Inc.), Employment Agreement (Aerobic Creations, Inc.), Employment Agreement (Aerobic Creations, Inc.)
No Beneficiary Designation. If any Participant fails to designate a Beneficiary in the manner provided above, if the designation is void, or if the Beneficiary designated by a deceased Participant dies before the Participant or before complete distribution of the Participant's ’s benefits, the Participant's ’s Beneficiary shall be the person in the first of the following classes in which there is a survivor:
(a) The the Participant's ’s surviving spouse;
(b) The the Participant's ’s children in equal shares, except that if any of the children predeceases the Participant but leaves surviving issue, then such issue shall take by right of representation the share the deceased child would have taken if living; or
(c) The the Participant's ’s estate.
Appears in 2 contracts
Samples: Supplemental Senior Executive Death Benefit Plan (Ametek Inc/), Supplemental Senior Executive Death Benefit Plan (Ametek Inc/)
No Beneficiary Designation. If any Participant fails to designate a Beneficiary in the manner provided above, if the designation is void, or if the Beneficiary designated by a deceased Participant dies before the Participant or before complete distribution of the Participant's ’s benefits, the Participant's ’s Beneficiary shall be the person in the first of the following classes in which there is a survivor:
(a) The Participant's surviving ’s spouse;
(b) The Participant's ’s children in equal shares, except that if any of the children predeceases the Participant but leaves surviving issueissue surviving, then such issue shall take by right of representation the share the deceased child parent would have taken if living; or;
(c) The Participant's ’s estate.
Appears in 1 contract
No Beneficiary Designation. If any Participant fails to designate a Beneficiary in the manner provided above, if the designation is void, or if the Beneficiary designated by a deceased Participant dies before the Participant or before complete distribution of the Participant's benefits, the Participant's Beneficiary shall be the person in the first of the following classes in which there is a survivor:
(a) The Participant's surviving spouse;
(b) The Participant's children in equal shares, except that if any of the children predeceases the Participant but leaves surviving issue, then such issue shall take by right of representation the share the deceased child would have taken if living; or;
(c) The Participant's estate.
Appears in 1 contract
Samples: Employment Agreement (Interpublic Group of Companies Inc)
No Beneficiary Designation. If any Participant fails to designate a Beneficiary in the manner provided above, if the designation is void, or if the Beneficiary designated by a deceased Participant dies before the Participant or before complete distribution of the Participant's ’s benefits, the Participant's ’s Beneficiary shall be the person in the first of the following classes in which there is a survivor:
(a) The the Participant's ’s surviving spouse;
(b) The the Participant's ’s children in equal shares, except that if any of the children predeceases the Participant but leaves surviving issue, then such issue shall take by right of representation the share the deceased child would have taken if living; or
(c) The the Participant's ’s estate.. AMETEK, Inc. Directors’ Death Benefit Plan
Appears in 1 contract
No Beneficiary Designation. If any Participant fails to designate a Beneficiary in the manner provided above, if the designation is void, or if the Beneficiary designated by a deceased Participant dies before the Participant or before complete distribution of the Participant's benefits, the Participant's Beneficiary shall be the person in the first of the following classes in which there is a survivor:
(a) The Participant's surviving spouse;
(b) The Participant's children in equal shares, except that if any of the children predeceases the Participant but leaves surviving issueissue surviving, then such issue shall take by right of representation the share the deceased child parent would have taken if living; or;
(c) The Participant's estate.
Appears in 1 contract
