Payments to Beneficiaries and Alternate Payees Sample Clauses

Payments to Beneficiaries and Alternate Payees. (a) Beneficiaries of Participant Class Members that are entitled to receive all or a portion of a Participant Class Member’s Entitlement Allocation under this Article shall receive such settlement payments in the form of a check issued by the Settlement Administrator. Beneficiaries of Former Participant Class Members that are entitled to receive all or a portion of a Former Participant Class Member’s Entitlement Allocation under this Article will receive such settlement payments under the methods described in Section 5.3
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Payments to Beneficiaries and Alternate Payees. (a) Beneficiaries of Active Participants or Inactive Participants that are entitled to receive all or a portion of an Active Participant’s or Inactive Participant’s Entitlement Amounts under this Article shall receive such settlement payments in the form of a check issued by the Settlement Administrator. Beneficiaries of Former Participants that are entitled to receive all or a portion of a Former Participant’s Entitlement Amounts under this Article will receive such settlement payments under the methods described in Section 5.4 for Former Participants, as permitted by XXXXX and the terms of the Plan.
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Related to Payments to Beneficiaries and Alternate Payees

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • 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.

  • Beneficiaries The Executive may designate one or more persons or entities as the primary and/or contingent beneficiaries of any amounts to be received under this Agreement. Such designation must be in the form of a signed writing acceptable to the Board or the Board's designee. The Executive may make or change such designation at any time.

  • 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.

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

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