Common use of Post-Retirement Survivor Benefit Clause in Contracts

Post-Retirement Survivor Benefit. If the Participant elects a joint and survivor annuity or a Guaranteed Payment Lifetime Annuity, he or she shall designate, in accordance with rules established by the Administrator, a Beneficiary to receive the Post-Retirement Survivor Benefit, if any, upon his or her death.

Appears in 2 contracts

Samples: Participation Agreement (First United Corp/Md/), Participation Agreement (First United Corp/Md/)

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Post-Retirement Survivor Benefit. If the Participant elects a joint and survivor annuity or a Guaranteed Payment Lifetime Annuity, he or she shall designate, in accordance with rules established by the Administrator, a Beneficiary to receive the Post-Retirement Survivor Benefit, if any, upon his or her death.

Appears in 2 contracts

Samples: Participation Agreement (First United Corp/Md/), Participation Agreement (First United Corp/Md/)

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Post-Retirement Survivor Benefit. If the Participant elects a joint and survivor annuity or a Guaranteed Period Level Payment Lifetime Life Annuity, he or she shall designate, in accordance with rules established by the Administrator, a Beneficiary to receive the Post-Retirement Survivor Benefit, if any, upon his or her death.

Appears in 1 contract

Samples: Participation Agreement (First United Corp/Md/)

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