POD Designations Sample Clauses

POD Designations. A Payable on Death (POD) designation is an instruction to the Credit Union that a designated account is an account payable to the owner or owners during their lifetimes, and upon the death of the last joint account owner, payable to any named and surviving POD beneficiary designated by you. Accounts payable to more than one POD beneficiary are owned jointly by such beneficiaries with rights of survivorship. Any POD beneficiary designation shall not apply to IRA accounts which shall be governed by a separate beneficiary designation. The Credit Union shall at no time have any obligation to notify any beneficiary of the existence of any account or the vesting of the beneficiary's interest in any account, except as otherwise provided by law.
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POD Designations. A Payable on Death (POD) designation is an instruction to the Credit Union that a single or multiple party account so designated is payable to the owner(s) during his, her or their lifetimes and, when the last account owner dies, is payable to any named and surviving POD/payee. Accounts payable to more than one POD payee are owned jointly and equally, unless otherwise designated, by such beneficiaries with rights of survivorship. Any POD payee designation shall not apply to IRA or HSA accounts which shall be governed by a separate beneficiary designation. We are not obligated to notify any payee of the existence of any account or the vesting of the payee’s interest in any account, except as otherwise provided by law.
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POD Designations. A payable-on-death (POD) designation is an instruction to us that a single or multiple-party account so designated is payable to the owner or owners during their lifetimes and, when the last account owner dies, is payable to any named and surviving POD payee. Accounts payable to more than one POD payee are owned jointly and equally, unless otherwise designated, by such beneficiaries with rights of survivorship. Any POD designation will not apply to Individual Retirement Accounts (IRA) or Health Savings Accounts (HSA) accounts, which will be governed by a separate beneficiary designation. We are not obligated to notify any payee of the existence of any account or the vesting of the payee’s interest in any account, except as otherwise provided by law. This paragraph does not apply to an account held on behalf of or in the name of a trust.
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Related to POD Designations

  • Creation and Designation There is hereby created a Tranche of Class A Notes to be issued pursuant to this Terms Document, the Indenture and the Indenture Supplement to be known as the “DiscoverSeries Class A(2021-1) Notes.”

  • Domain and Designation The Top-Level Domain to which this Agreement applies is (the “TLD”). Upon the Effective Date and until the earlier of the expiration of the Term (as defined in Section 4.1) or the termination of this Agreement pursuant to Article 4, ICANN designates Registry Operator as the registry operator for the TLD, subject to the requirements and necessary approvals for delegation of the TLD and entry into the root-zone.

  • Application for Vacancies All employees under this Agreement, including those on layoff status, may submit application in writing for any vacancy which is posted pursuant to this Article.

  • Designation of Key Personnel The Contractor’s Contract Manager for this engagement shall be Xxxx Xxxxx, Phone: (000) 000-0000, Email Address: xxxxxxxxx@xxxxxxxxxxx.xxx . The City’s Contract Manager for the engagement shall be Xxxxx Xxxx, (000) 000-0000, Email Address: xxxxx.xxxx@xxxxxxxxxxx.xxx . The City’s and the Contractor resolve to keep the same key personnel assigned to this engagement throughout its term. In the event that it becomes necessary for the Contractor to replace any key personnel, the replacement will be an individual having equivalent experience and competence in executing projects such as the one described herein. Additionally, the Contractor will promptly notify the City Contract Manager and obtain approval for the replacement. Such approval shall not be unreasonably withheld.

  • Designations A series of Preferred Units designated as “8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units” is hereby designated and created, and the preferences, rights, powers and duties of the holders of the Series A Preferred Units are set forth herein, including this Article XVI. Each Series A Preferred Unit shall be identical in all respects to every other Series A Preferred Unit, except as to the respective dates from which the Series A Liquidation Preference shall increase or from which Series A Distributions may begin accruing, to the extent such dates may differ. The Series A Preferred Units represent perpetual equity interests in the Partnership and, except as set forth in Sections 16.5 and 16.11, shall not give rise to a claim by the Partnership or a Series A Holder for redemption or the conversion thereof, as applicable, at a particular date.

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