Common use of Payment to Beneficiary Clause in Contracts

Payment to Beneficiary. If a Participant dies before the Participant's entire Individual Account has been paid to him or her, such deceased Participant's Individual Account shall be payable to any surviving Beneficiary designated by the Participant, or, if no Beneficiary survives the Participant, to the Participant's estate.

Appears in 8 contracts

Samples: Qualified Retirement Plan and Trust (Bradford Funds Inc), 401(k) Profit Sharing Plan Adoption Agreement (Antigenics Inc /De/), Qualified Retirement Plan and Trust (Meritage Hospitality Group Inc /Mi/)

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Payment to Beneficiary. If a Participant dies before the Participant's his or her entire Individual Account has been paid to him or herout, such deceased Participant's the Individual Account shall be becomes payable to any surviving Beneficiary designated by the Participant, or, if Beneficiary. If no Beneficiary survives the Participant, to the Participant's Beneficiary will be the Participant's estate.

Appears in 1 contract

Samples: 401(k) Profit Sharing Adoption Agreement (Kevco Inc)

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Payment to Beneficiary. If a Participant dies before the Participant's his entire Individual Account has been paid to him or herhim, such deceased Participant's Individual Account shall be payable to any surviving Beneficiary designated by the Participant, or, if no Beneficiary survives the Participant, to the Participant's estate.

Appears in 1 contract

Samples: 457(b) Plan Document

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