Common use of Payments after Death Clause in Contracts

Payments after Death. Any distribution or delivery to be made to Participant under this Award Agreement will, if Participant is then deceased, be made to Participant’s beneficiary designated by will or the laws of descent and distribution. Any such beneficiary must furnish Prologis with (a) written notice of his or her status as beneficiary, and (b) evidence satisfactory to Prologis to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.

Appears in 11 contracts

Samples: Restricted Stock Unit Agreement (Prologis, L.P.), Restricted Stock Unit Agreement (Prologis, L.P.), Restricted Stock Unit Agreement (Prologis, L.P.)

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Payments after Death. Any distribution or delivery to be made to Participant under this Award Agreement will, if Participant is then deceased, be made to Participant’s beneficiary designated by will or the laws of descent and distribution. Any such beneficiary must furnish Prologis with (a) written notice of his or her status as beneficiary, and (b) evidence satisfactory to Prologis to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transferestate.

Appears in 1 contract

Samples: Separation Agreement and Release (Ocz Technology Group Inc)

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