Primary Beneficiaries Sample Clauses

Primary Beneficiaries. Unless the Account Owner (“Owner”) otherwise specifies, the Account will be paid in equal shares to the primary Beneficiary or Beneficiaries who survive the Owner. If the Owner specifies percentage (or fractional) shares for the primary Beneficiaries and if some but not all such Beneficiaries fail to survive the Owner, the Account will be divided among the surviving primary Beneficiaries in proportion to the relative percentage (or fractional) shares of each, unless the owner has stipulated a Per Stirpes designation.
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Primary Beneficiaries. If the Executive shall die prior to receipt of all amounts payable to him under the Trust, all Trust benefits shall be paid to the following beneficiaries:
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Primary Beneficiaries. The Accepting Shareholders;
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Primary Beneficiaries. Upon the Account Owner’s death, the eligible assets in the Account shall be transferred to the person(s) designated by the Account Owner as Primary Beneficiaries on the Beneficiary Form according to the allocation specified. In the event any designated Primary Beneficiary does not survive the Account Owner, then that Primary Beneficiary’s allocated portion of the eligible assets in the Account shall pass to the corresponding Contingent Beneficiary(ies) listed on the Beneficiary Form in the proportion(s) specified in such form. A Beneficiary designated on the Beneficiary Form under the terms of this Agreement must be a citizen of the United States of America or Canada, or a lawful resident of the U.S. Account Owner must indicate a tax identification number issued by the appropriate tax authority (in the United States of America or Canada) for each Beneficiary designated on the Beneficiary Form in order for the designation to be valid, except when a tax identification number has not been issued for a Beneficiary at the time the Account Owner executes the Beneficiary Form (e.g., when a newborn child who has not yet been issued a Social Security Number is designated as a Beneficiary; or when the Account Owner’s living trust is using the Account Owner’s Social Security Number for income tax reporting during the lifetime of the Account Owner). If numeric percentages indicated for Primary Beneficiaries do not equal 100% of the eligible assets in the Account or if the percentages indicated do not equal 100% of the portion designated to the Primary Beneficiary for which the Contingent Beneficiary(ies) is/are designated, as the case may be, the assets not apportioned shall be transferred to Beneficiaries otherwise entitled to distributions of the Account pro rata based on their proportional percentage interests.
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Primary Beneficiaries. RELATIONSHIPS: -------------------------------------------------------
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Primary Beneficiaries. The project will focus predominantly on young people and young adult offenders. Each offender will be allocated a resettlement or community broker to support them during their time in custody, on release and whilst subject to Community Orders.
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Primary Beneficiaries. If you're naming only one primary beneficiary, put 100% in the “%” column. If you're naming more than one primary beneficiary, you must indicate what percentage each is to receive. The total MUST equal 100%.
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Primary Beneficiaries. Unless the Depositor otherwise specifies, the Custodial Account will be paid in equal shares to the primary Beneficiary or Beneficiaries who survive the Depositor. If the Depositor specifies percentage (or fractional) shares for the primary Beneficiaries and if some but not all such Beneficiaries survive the Depositor, the Custodial Account will be divided among the surviving primary Beneficiaries in proportion to the relative percentage (or fractional) shares of each; provided, however, that in lieu of such division, the Depositor may elect, on the applicable beneficiary designation form, to have the Custodial Account divided per stirpes among the primary Beneficiaries and their respective issue.
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Primary Beneficiaries. (1) Unless you have otherwise specified in the Beneficiary des- ignation, the Account will be paid in equal shares to the pri- xxxx Xxxxxxxxxxxxx who survive you. (2) If you have specified percentage (or fractional) shares for the primary Beneficiaries and if some but not all such Beneficiaries fail to survive you, any amounts that such non- surviving Beneficiaries otherwise would have been entitled to will be divided among the surviving primary Beneficiaries in proportion to the relative percentage (or fractional) shares of such surviving Beneficiaries.
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Related to Primary Beneficiaries

  • Intended Beneficiaries Nothing in this Agreement shall be construed to give any person or entity other than the parties hereto any legal or equitable claim, right or remedy. Rather, this Agreement is intended to be for the sole and exclusive benefit of the parties hereto.

  • Beneficiaries The Executive may designate one or more persons or entities as the primary and/or contingent Beneficiaries of any Severance Benefits owing to the Executive under this Agreement. Such designation must be in the form of a signed writing acceptable to the Committee. The Executive may make or change such designations at any time.

  • 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.

  • Spouse The spouse of an eligible employee (if legally married under Minnesota law). For the purposes of health insurance coverage, if that spouse works full-time for an organization employing more than one hundred (100) people and elects to receive either credits or cash (1) in place of health insurance or health coverage or (2) in addition to a health plan with a seven hundred and fifty dollar ($750) or greater deductible through his/her employing organization, he/she is not eligible to be a covered dependent for the purposes of this Article. If both spouses work for the State or another organization participating in the State's Group Insurance Program, neither spouse may be covered as a dependent by the other, unless one spouse is not eligible for a full Employer Contribution as defined in Section 3A. Effective January 1, 2015 if both spouses work for the State or another organization participating in the State’s Group Insurance Program, a spouse may be covered as a dependent by the other.

  • Party Beneficiaries This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns, and nothing herein is to be construed to give any person or entity, other than the parties hereto and their respective successors and permitted assigns, any legal or equitable rights hereunder.

  • Designated Beneficiary The individual who is designated as the Beneficiary under the Plan in accordance with Section 401(a)(9) of the Code and the regulations thereunder.

  • Third Party Beneficiaries This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

  • Xx Third Party Beneficiaries The terms and provisions of this Agreement are intended solely for the benefit of the Parties and their respective successors or permitted assigns, and it is not the intention of the Parties to confer third-party beneficiary rights upon any other Person.

  • No Designated Beneficiary If the Participant dies before the date distributions begin and there is no designated beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death.

  • Intended Third Party Beneficiaries Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the Trustee and the NIMS Insurer receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer shall have the same obligations to the Trustee and the NIMS Insurer as if they were parties to this Agreement, and the Trustee and the NIMS Insurer shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement or the Credit Risk Manager Agreement. Notwithstanding the foregoing, all rights and obligations of the Trustee and the Master Servicer hereunder (other than the right to indemnification) shall terminate upon the termination of the Trust Fund pursuant to the Trust Agreement and all rights of the NIMS Insurer set forth in this Agreement (other than the right of indemnification) shall exist only so long as the NIM Securities issued pursuant to the NIMS Transaction remain outstanding or the NIMS Insurer is owed amounts in respect of its guarantee of payment on such NIM Securities.

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