No Beneficiary Designation. If the Executive fails to name a Beneficiary in accordance with Section 4.1, or if the Beneficiary named by the Executive predeceases him or dies before complete distribution is made to the Beneficiary under this Agreement, then the Beneficiary shall be the Executive’s Spouse, but if the Spouse predeceases the Executive, then the Beneficiary shall be the Executive’s descendants per stirpes, and if none survive the Executive, then the Beneficiary shall be the Executive’s estate.
Appears in 5 contracts
Samples: Salary Continuation Agreement (American River Bankshares), Salary Continuation Agreement (American River Bankshares), Salary Continuation Agreement (American River Bankshares)
