No Descendants Survive Sample Clauses

No Descendants Survive. In the event that none of Trustor’s children or other descendants survives the event causing application of this provision, Trustee shall distribute all properties of the Trust as follows: (1) The Trust property shall be divided into two equal shares to pass as follows: (i) the first such share shall be distributed to the descendants who survive the event causing application of this provision of Trustor’s parents, upon the principle of representation, subject, however, to the provisions of Sections 3.5 and 3.6. If none of the descendants of Trustor’s parents survive the event causing application of this provision, this share is to pass as the second share is to pass, in accordance with paragraph (ii) immediately below. (ii) the second share shall be distributed to the descendants who survive the event causing application of this provision of Trustor’s spouse’s parents, upon the principle of representation, subject, however, to the terms of Sections 3.5 and 3.6. If none of the descendants of Trustor’s spouse’s parents survive the event causing application of this provision, this second share is to pass as the first share is to pass, in accordance with paragraph (i) immediately above. (iii) [If paragraphs (i) and (ii) above apply but the Trust property is unable to pass in accordance with such paragraphs because none of the beneficiaries survive the event causing application of this provision then the Trustee shall distribute such properties, subject to Section 3.5 below, to those persons who would take and in those portions they would take, under the Utah statute governing intestate successions then in effect, as if Trustor had died intestate and unmarried on the date the trust became distributable. For purposes of the foregoing, no persons who are more remote than descendants of grandparents shall be entitled to any distribution of any portion of the properties of the Trust.] (2) If the Trust properties cannot be so distributed, they shall be distributed to the _______, a charity qualified to receive contributions giving rise to a charitable deduction for federal gift and estate tax purposes whether or not such a deduction is used or is useful.
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Related to No Descendants Survive

  • Children/Grandchildren An employee may purchase life insurance in the amount of ten thousand dollars ($10,000) as a package for all eligible children/grandchildren (as defined in Section 2A2 and 2A3 of this Article). For a new employee, child/grandchild coverage requires evidence of insurability if application is made after the initial effective date of coverage as defined in this Article, Section 5C. An employee who becomes eligible for insurance may purchase child/grandchild coverage without evidence of insurability if application is made within thirty (30) days of the initial effective date as defined in this Article. Child/grandchild coverage commences fourteen (14) calendar days after birth.

  • No Designated Beneficiary If the Participant dies before the date distributions begin and there is no designated beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death.

  • Children For the purposes of the Trust the children of the Grantor are as follows: _______________________________________________________________ ______________________________________________________________________

  • How to Add or Remove Coverage for Family Members If your plan offers family coverage, you must notify your employer if you want to add or remove family members according to the Special Enrollment provisions described above. When adding or removing a family member, inform your employer in advance of the requested effective date and your employer will notify us. All requests must be made through your employer. We cannot directly add or remove coverage for you or your family members.

  • Spouse The spouse of an eligible employee (if legally married under Minnesota law). For the purposes of health insurance coverage, if that spouse works full-time for an organization employing more than one hundred (100) people and elects to receive either credits or cash (1) in place of health insurance or health coverage or (2) in addition to a health plan with a seven hundred and fifty dollar ($750) or greater deductible through his/her employing organization, he/she is not eligible to be a covered dependent for the purposes of this Article. If both spouses work for the State or another organization participating in the State's Group Insurance Program, neither spouse may be covered as a dependent by the other, unless one spouse is not eligible for a full Employer Contribution as defined in Section 3A. Effective January 1, 2015 if both spouses work for the State or another organization participating in the State’s Group Insurance Program, a spouse may be covered as a dependent by the other.

  • Death in Immediate Family A regularly scheduled employee may be granted up to five days of leave of absence with pay by the Agency/Department Head because of death in the immediate family. An employee shall be allowed to take such leave within a four week period. For purposes of this subsection, "immediate family" means mother, stepmother, father, stepfather, husband, wife, domestic partner (upon submission of an affidavit as defined in the appendices), son, stepson, daughter, stepdaughter, brother, sister, grandparent, grandchild, xxxxxx parent, xxxxxx child, mother-in-law, and father-in-law, or any other person sharing the relationship of in loco parentis; and, when living in the household of the employee, a brother-in-law, sister-in-law. Entitlement to leave of absence under this subsection shall be only for all hours the employee would have been scheduled to work for those days granted, and shall be in addition to any other entitlement for sick leave, emergency leave, or any other leave.

  • ANNUITANT The Annuitant is the person on whose life Annuity Payments are based. The Annuitant is the person designated by you subject to our underwriting rules then in effect. The Annuitant may not be changed in a Contract which is owned by a non-individual.

  • Legal Representation of the Parties This Agreement was negotiated by the parties with the benefit of legal representation, and any rule of construction or interpretation otherwise requiring this Agreement to be construed or interpreted against any party shall not apply to any construction or interpretation hereof.

  • MINOR CHILDREN The Couple recognizes that there are: (check one)

  • Immediate family or household (1) The entitlement to use carer’s leave and compassionate leave in accordance with this clause is subject to the person being either: (a) a member of the employee’s immediate family; or (b) a member of the employee’s household.

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