Common use of Payments to a Beneficiary of a Beneficiary Clause in Contracts

Payments to a Beneficiary of a Beneficiary. In the absence of a Beneficiary designation or other directive from the deceased Participant to the contrary, any Beneficiary may name his or her own Beneficiary to receive any benefits payable in the event of the Beneficiary's death prior to receiving the entire death benefit to which the Beneficiary is entitled. If a Beneficiary has not named his or her own Beneficiary, the Beneficiary's estate will be the Beneficiary. If any benefit is payable under this paragraph to a Beneficiary of the deceased Participant's Beneficiary or to the estate of the deceased Participant's Beneficiary, or to any other Beneficiary or the estate thereof, subject to the limitations regarding the latest dates for benefit payment in paragraphs (a) and (c), the Administrator may (1) continue to pay the remaining value of such benefits in the amount and form already commenced, or pay such benefits in any other manner permitted under the Plan for a Participant or Beneficiary, and (2) if payments have not already commenced, pay such benefits in any other manner permitted under the Plan. Distribution to the Beneficiary of a Beneficiary must begin no later than the date distribution would have been made to the Participant's Beneficiary. The Administrator's determination under this paragraph will be final and will be applied in a manner that does not discriminate in favor of Highly Compensated Employees.

Payments to a Beneficiary of a Beneficiary. In the absence of a Beneficiary designation or other directive from the deceased Participant to the contrary, any Beneficiary may name his or her own Beneficiary to receive any benefits payable in the event of the Beneficiary's ’s death prior to receiving the entire death benefit to which the Beneficiary is entitled. If ; and if a Beneficiary has not named his or her own Beneficiary, the Beneficiary's ’s estate will be the Beneficiary. If any benefit is payable under this paragraph to a Beneficiary of the deceased Participant's ’s Beneficiary or to the estate of the deceased Participant's ’s Beneficiary, or to any other Beneficiary or the estate thereof, subject to the limitations regarding the latest dates for benefit payment in paragraphs (a) and (c)) above, the Administrator may (1) continue to pay the remaining value of such benefits in the amount and form already commenced, or pay such benefits in any other manner permitted under the Plan for a Participant or Beneficiary, and (2) if payments have not already commenced, pay such benefits in any other manner permitted under the Plan. Distribution to the Beneficiary of a Beneficiary must begin no later than the date distribution would have been made to the Participant's ’s Beneficiary. The Administrator's ’s determination under this paragraph will be final and will be applied in a non-discriminatory manner that does not discriminate in favor of Highly Compensated EmployeesHCEs.

Payments to a Beneficiary of a Beneficiary. In the absence of a Beneficiary designation or other directive from the deceased Participant to the contrary, any Beneficiary may name his or her own Beneficiary to receive any benefits payable in the event of the Beneficiary's ’s death prior to receiving the entire death benefit to which the Beneficiary is entitled. If ; if a Beneficiary has not named his or her own Beneficiary, then the Beneficiary's ’s estate will be the Beneficiary. If any benefit is payable under this paragraph to a Beneficiary of the deceased Participant's Beneficiary or ’s Beneficiary, to the estate of the deceased Participant's ’s Beneficiary, or to any other Beneficiary or the estate thereof, then subject to the limitations regarding the latest dates for benefit payment in paragraphs (a) of this Section and (c)Section 5.9, the Administrator may (1) continue to pay the remaining value of such benefits in the amount and form that has already commenced, or (2) pay such benefits in any other manner permitted under the Plan for a Participant or Beneficiarydistribution of benefits upon death, and and/or (23) if payments have not already commenced, pay such benefits in any other manner permitted under the PlanPlan for distribution of benefits upon death. Distribution to the Beneficiary of a Beneficiary must begin no later than the date that a distribution would have been made to the Participant's ’s Beneficiary. The Administrator's ’s determination under this paragraph will be final and will be applied in a uniform manner that does not discriminate in favor of Participants who are Highly Compensated Employees.

Payments to a Beneficiary of a Beneficiary. In the absence of a Beneficiary designation or other directive from the deceased Participant to the contrary, any Beneficiary may name his or her own Beneficiary to receive any benefits payable in the event of the Beneficiary's ’s death prior to receiving the entire death benefit to which the Beneficiary is entitled. If ; if a Beneficiary has not named his or her own Beneficiary, then the Beneficiary's ’s estate will be the Beneficiary. If any benefit is payable under this paragraph to a Beneficiary of the deceased Participant's Beneficiary or ’s Beneficiary, to the estate of the deceased Participant's ’s Beneficiary, or to any other Beneficiary or the estate thereof, then subject to the limitations regarding the latest dates for benefit payment in paragraphs (a) of this Section and (c)Section 5.9, the Administrator may (1) continue to pay the remaining value of such benefits in the amount and form that has already commenced, or (2) pay such benefits in any other manner permitted under the Plan for a Participant or Beneficiarydistribution of benefits upon death, and and/or (23) if payments have not already commenced, pay such benefits in any other manner permitted under the PlanPlan for distribution of benefits upon death. Distribution to the Beneficiary of a Beneficiary must begin no later than the date that a distribution would have been made to the Participant's ’s Beneficiary. The Administrator's ’s determination under this paragraph will be final and will be applied in a uniform manner that does not discriminate in favor of Participants who are Highly Compensated Employees.. DC Basic Plan #01 Page 87 of 126 July 2008