Common use of No Participant Designation Clause in Contracts

No Participant Designation. In the absence of an effective Beneficiary designation, 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 the Participant’s estate.

Appears in 3 contracts

Samples: Trico Bancshares /, North Bay Bancorp/Ca, Heritage Commerce Corp

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No Participant Designation. In the absence of an effective Beneficiary designation, 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 the Participant’s 's estate.

Appears in 1 contract

Samples: Venture Financial Group Inc

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