Common use of Payment to Beneficiary Clause in Contracts

Payment to Beneficiary. This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the Executive should die while any amount would still be payable to him hereunder had he continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement, to the Executive’s Beneficiary. If the Executive has not named a Beneficiary, then such amounts shall be paid to the Executive’s devisee, legatee, or other designee, or if there is no such designee, to the Executive’s estate.

Payment to Beneficiary. This Agreement shall inure to the benefit of and be enforceable by the Executive’s 's personal or legal representatives, executors, administrators, successors, heirs, distributeesdistributes, devisees, and legatees. If the Executive should die while any amount would still be payable to him or her hereunder had he or she continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement, to the Executive’s 's Beneficiary. If the Executive has not named a Beneficiary, then such amounts shall be paid to the Executive’s 's devisee, legatee, or other designee, or if there is no such designee, to the Executive’s 's estate.