Simultaneous Death. If the Participant and his or her spouse both suffer a common accident or casualty which results in their respective deaths within 60 days of each other, it shall be conclusively presumed, for the purpose of this Agreement, that the Participant died first and the spouse died thereafter.
Simultaneous Death. If the Holder and his spouse both suffer a common accident or casualty which results in their respective deaths within 60 days of each other, it shall be conclusively presumed, for the purpose of this Agreement, that the Holder died first and the spouse died thereafter.
Simultaneous Death. If all Shareholders die simultaneously or under any circumstances where it cannot be determined which Shareholder died first, or if the death of all of the Shareholders occurs within such close proximity that the death of the remaining Shareholder occurs before the aggregate Purchase Price for all of the Shares owned by the other Shareholder(s) has been paid in accordance with this Agreement, then the estate of each deceased Shareholder shall retain the respective Shares, the Legal Representatives of the respective estates of the deceased Shareholders shall collect and retain the Proceeds of the respective Policies and any payments made with respect to any of the Shares shall be returned to the estate of the Shareholder that made such payments.
Simultaneous Death. If the Settlor's Wife and the Settlor die simultaneously or under such circumstances that the order of their deaths cannot be determined, she shall be deemed to have survived the Settlor for purposes of this Article.
Simultaneous Death. If any beneficiary designated under the provisions of this agreement should die simultaneously with the Associate or within the twenty-four hour period immediately following the death of the Associate, all benefits payable under this Agreement shall be paid as if such beneficiary died prior to the Associate.
Simultaneous Death. For the purpose of such division of the trust estate, if the Trustors die simultaneously or under such circumstances as to render it difficult or impossible to determine who predeceased the other, the wife shall be conclusively presumed to have survived the husband.
Simultaneous Death. If the Members die simultaneously, or if the death of the surviving Member occurs prior to the time when the purchase of the Percentage Interest of the first deceased Member has been completed, the estate of each deceased Member shall retain ownership of its respective decedent’s Percentage Interest and shall be entitled to a distribution of the proceeds of the insurance policy owned by each decedent on the life of the other Member.
Simultaneous Death. If the Grantee and his or her spouse both suffer a common accident or casualty which results in their respective deaths within sixty (60) days of each other, it shall be conclusively presumed, for the purpose of this Agreement, that the Grantee died first and the spouse died thereafter.
Simultaneous Death. In the event of a simultaneous death of a ------------------ Stockholder who is an individual and his Spouse, the estate of the Deceased Spouse shall sell its interest in the Stock, as if the Deceased Spouse had survived the Deceased Stockholder, under the terms and provisions of this Section 4 and not under the terms of Section 5.
Simultaneous Death. If any person interested as a beneficiary under this instrument and I shall die under circumstances giving rise to any question as to which one of us died first, it shall be conclusively presumed that I survived such person and my estate shall be administered accordingly.
