Common use of No Designated Beneficiary Clause in Contracts

No Designated Beneficiary. If all Designated Beneficiaries predecease the Executive, or, in the case of corporations, partnerships, trusts or other entities which are Designated Beneficiaries, are terminated, dissolved, become insolvent or are adjudicated bankrupt prior to the date of the Executive’s death, or if the Executive fails to designate a beneficiary, then the following persons in the order set forth below shall be the Executive’s beneficiary or beneficiaries: i) Executive’s spouse, if living; or if none ii) Executive’s then living descendants, per stirpes; or if none iii) Executive’s estate.

No Designated Beneficiary. If all Designated Beneficiaries predecease the Executive, or, or in the case of corporations, partnerships, trusts or other entities which are Designated Beneficiaries, are terminated, terminated or dissolved, become insolvent or are adjudicated bankrupt prior to the date of the Executive’s death, or if the Executive fails to designate a beneficiary, then the following persons in the order set forth below shall be receive any amount payable pursuant to paragraph 2(e): i) the Executive’s beneficiary or beneficiaries: i) Executive’s then living spouse, if living; or if none, ii) the Executive’s then living descendants, per stirpes; or if none , iii) the Executive’s estate.

No Designated Beneficiary. If all Designated Beneficiaries predecease the Executive, or, in the case of corporations, partnerships, trusts or other entities which are Designated Beneficiaries, are terminated, dissolved, become insolvent or are adjudicated bankrupt prior to the date of the Executive’s death, or if the Executive fails to designate a beneficiarybeneficiary (including by failure to return such form to the appropriate Company representative during the Executive’s lifetime), then the following persons in the order set forth below shall be the Executive’s beneficiary or beneficiaries: i) Executive’s spouse, if living; or if none ii) Executive’s then living descendants, per stirpes; or if none iii) Executive’s estate.

No Designated Beneficiary. If all Designated Beneficiaries predecease the Executive, or, in the case of corporations, partnerships, trusts or other entities which are Designated Beneficiaries, are terminated, dissolved, become insolvent or are adjudicated bankrupt prior to the date of the Executive’s death, or if the Executive fails to designate a beneficiary, then the following persons in the order set forth below shall be the Executive’s beneficiary or beneficiaries: i) Executive’s spouse, if living; or if noneotherwise ii) Executive’s then living descendants, per stirpes; or if noneand otherwise iii) Executive’s estate.

No Designated Beneficiary. If all Designated Beneficiaries predecease the Executive, or, in the case of corporations, partnerships, trusts or other entities which are Designated Beneficiaries, are terminated, dissolved, become insolvent or are adjudicated bankrupt prior to the date of the Executive’s death, or if the Executive fails to designate a beneficiary, then the following persons in the order set forth below shall be the Executive’s beneficiary or beneficiaries: i) Executive’s spouse, if living; or if noneotherwise ii) Executive’s then living descendants, per stirpes; or if noneand otherwise iii) Executive’s estate.