Payment to Beneficiaries Sample Clauses

Payment to Beneficiaries. If the Executive dies after the occurrence of a Qualifying Termination, but prior to the payment of all of the severance payments required by this Article, then all remaining severance payments will be paid and benefits provided to the Executive’s estate.
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Payment to Beneficiaries. If a Participant elected to have the Participant’s Account be paid in the form of annual installments and the Participant dies prior to receiving all such annual installments, the Beneficiary of the deceased Participant shall receive such remaining payments as a lump-sum.
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Payment to Beneficiaries. If the Executive dies after the occurrence of a Qualifying Termination, but prior to the payment of all of the severance payments required by this Article, then all remaining severance payments will be paid to the beneficiary designated in writing by the Executive at the same time, and in the same amount, as would have been payable to the Executive. The designation of a beneficiary for purposes of this Article 3 will be revocable during the lifetime of the Executive. If the Executive does not designate a beneficiary under this Agreement, the beneficiary will be deemed to be the same person that the Executive designated with respect to the Executive’s group life insurance program maintained by the Bank or its Affiliates.
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Payment to Beneficiaries. 8.3.1 Upon receipt of all or any of the Amount Demanded pursuant to Clause 8.2 (Demand on SIT Facility Banks), the Issuing Bank shall pay the relevant amount to each Beneficiary in accordance with the terms of the relevant SIT Facility Guarantee or LC. 8.3.2 Any payment by the Issuing Bank of the Amount Demanded made pursuant to Clause 8.3 (Payment to Beneficiaries) shall be deemed to be a SIT Facility Loan made to the Borrower by the SIT Facility Banks in an amount equal to the Amount Demanded PROVIDED THAT the provisions of Clause 4.2.1 (Further conditions precedent to all Utilisations) will not apply to such Utilisation. 8.3.3 The Utilisation Date of any SIT Facility Loan made under Clause 8.3.2 (Payment to Beneficiaries) will be the date of payment of the Amount Demanded by the Issuing Bank under Clause 8.3.1 (Payment to Beneficiaries).
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Payment to Beneficiaries. In the event a Participant dies before all of his Retirement Benefit is paid, the unpaid Retirement Benefit will be paid to the individuals and/or entities designated by a Participant to be his beneficiaries under this Plan. In the absence of any living designated beneficiary, the unpaid Retirement Benefit will be paid to the then living spouse of the Participant, if any. If the Participant does not have a then living spouse, and also in the event of a surviving spouse's death before all of the Retirement Benefit is paid, then the unpaid Retirement Benefit will be paid (i) to the living children of the deceased Participant, if any, in equal shares, and (ii) if none, or after their death, to the estate of the deceased Participant. The beneficiary designation under this Section 4.3 shall be effective only upon receipt by the Plan Administrative Committee of a properly executed form that the Plan Administrative Committee has approved for that purpose. The Participant may from time to time revoke or change any designation of beneficiary by filing another approved beneficiary designation form with the Plan Administrative Committee.
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Payment to Beneficiaries. The Government or Agency shall effect payments to the beneficiaries of the Sub-Project governed by the Agreement only when the Sub-Project Description and the Budget annexed thereto provide for such payments to be made. If a beneficiary is a regular recipient of payments under the terms of this Agreement, the UNHCR Beneficiary Card (UNHCR 109/Rev.1), or its equivalent, should be used to record all such payments to each beneficiary.
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Payment to Beneficiaries. 1. Except where otherwise explicitly provided for in Union law, Member States shall ensure that payments relating to the financing provided for in this Regulation shall be disbursed in full to the beneficiaries. 2. Member States shall ensure that the payments under the interventions and measures referred to in Article 63(2) shall be made within the period from 1 December to 30 June of the following calendar year. Notwithstanding the first subparagraph, Member States may: (a) prior to 1 December but not before 16 October, pay advances of up to 50 % for direct payments interventions and for the measures referred to in Chapter IV of Regulation (EU) No 228/2013 and in Chapter IV of Regulation (EU) No 229/2013 respectively; (b) prior to 1 December pay advances of up to 75 % for the support granted under rural development interventions as referred to in Article 63(2). 3. Member States may decide to pay advances of up to 50% under the interventions referred to in Articles 68 and 71 of Regulation (EU) No…/…[CAP Strategic Plan Regulation]. 4. The Commission is empowered to adopt delegated acts in accordance with Article 100 amending this Article by adding rules allowing Member States to pay advances as regards the interventions referred to in Chapter III of Title III of Regulation [CAP Strategic Plan Regulation] and as regards measures regulating or supporting agricultural markets as laid down in Regulation (EU) No 1308/2013 in order to ensure a coherent and non-discriminatory payment of advances.
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Payment to Beneficiaries. 6.1. Following receipt by VFX of the full Sell Currency under a contract, the Buy Currency will be funded into the Client’s VFX Account and will remain electronic money until such time the Client instructs VFX to make a payment. 6.2. Beneficiary account details must be provided to VFX by the Client using the Online Platform. Once VFX has received the beneficiary account details the Client may instruct payments to that beneficiary. 6.3. If the Client wishes to cancel a payment instruction, the Client must notify VFX (and VFX must have confirmed acceptance of the Client’s notice of cancellation) no later than the end of the Business Day before the date the payment is due to be made. 6.4. VFX shall have no responsibility for Loss to the Client in respect of any direct, indirect or consequential loss (including loss of profit) howsoever caused which arises from acting on the Client’s instructions to deliver the Buy Currency. 6.5. VFX may refuse to perform a payment instruction at any time for any reason (which VFX will exercise in its reasonable discretion) and, if possible, VFX will notify the Client of the reason for such refusal and the procedure for correcting any factual errors that led to the refusal. 6.6. An instruction to make a payment from the Client’s VFX Account will be deemed to have been received and authorised by the Client when an Authorised Person enters the Client’s Security Information on the Online Platform or when the Client follows such other procedures or methods of authentication as VFX notifies to the Client as acceptable. 6.7. VFX will not process any transfer or payment to a beneficiary of the Client’s where this would put the Client’s VFX Account into a negative balance. If for any reason whatsoever a negative balance arises in the Client’s VFX Account the Client shall reimburse the negative balance amount immediately and no later than one business day pursuant to Clause 4.6. 6.8. VFX shall, as soon as practicable after receipt and acceptance of the payment instruction, provide the Client with the following information either via the Online Platform, or by email or telephone as appropriate: 6.8.1. a reference enabling the Client to identify the funds; 6.8.2. where appropriate, information on the payee; 6.8.3. the amount of the payment instruction, shown in the currency of the payment instruction; 6.8.4. a breakdown of charges or interest payable by the Client; and 6.8.5. confirmation of the date of receipt of the payment instruction...
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Related to Payment to Beneficiaries

  • Intended Beneficiaries Nothing in this Agreement shall be construed to give any person or entity other than the parties hereto any legal or equitable claim, right or remedy. Rather, this Agreement is intended to be for the sole and exclusive benefit of the parties hereto.

  • Beneficiaries The Executive may designate one or more persons or entities as the primary and/or contingent Beneficiaries of any Severance Benefits owing to the Executive under this Agreement. Such designation must be in the form of a signed writing acceptable to the Committee. The Executive may make or change such designations at any time.

  • Xx Third Party Beneficiaries The terms and provisions of this Agreement are intended solely for the benefit of the Parties and their respective successors or permitted assigns, and it is not the intention of the Parties to confer third-party beneficiary rights upon any other Person.

  • No Intended Third Party Beneficiaries This Agreement is entered into solely for the benefit of you and us. No third party will be deemed a beneficiary of this Agreement, and no third party will have the right to make any claim or assert any right under this Agreement. This provision does not affect the rights of third parties under any Third Party Terms.

  • Party Beneficiaries This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns, and nothing herein is to be construed to give any person or entity, other than the parties hereto and their respective successors and permitted assigns, any legal or equitable rights hereunder.

  • Designation of Beneficiaries The Executive may designate any person to receive any benefits payable under the Agreement upon the Executive’s death, and the designation may be changed from time to time by the Executive by filing a new designation. Each designation will revoke all prior designations by the Executive, shall be in the form prescribed by the Administrator and shall be effective only when filed in writing with the Administrator during the Executive’s lifetime. If the Executive names someone other than the Executive’s spouse as a Beneficiary, the Administrator may, in its sole discretion, determine that spousal consent is required to be provided in a form designated by the Administrator, executed by the Executive’s spouse and returned to the Administrator. The Executive’s beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved.

  • No Other Beneficiaries This Agreement is intended for the sole and exclusive benefit of the parties hereto and their respective successors and controlling persons, and no other person, firm or corporation shall have any third-party beneficiary or other rights hereunder.

  • Assignment; Third Party Beneficiaries Neither this Agreement nor any of the rights, interests or obligations shall be assigned by any of the parties hereto (whether by operation of law or otherwise) without the prior written consent of the other parties. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of and be enforceable by the parties and their respective successors and assigns. Except as otherwise specifically provided in Section 6.8, this Agreement (including the documents and instruments referred to herein) is not intended to confer upon any person other than the parties hereto any rights or remedies hereunder.

  • Third Party Beneficiaries This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

  • How do the RMD Rules Impact my Designated Beneficiary or Beneficiaries The RMD rules provide for the determination of your designated beneficiary or beneficiaries as of September 30 of the year following your death. Consequently, any beneficiary may be eliminated for purposes of calculating the RMD by the distribution of that beneficiary’s benefit, through a valid disclaimer between your death and the end of September following the year of your death, or by dividing your IRA account into separate accounts for each of several designated beneficiaries you may have designated.

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