Beneficiary Election definition
Examples of Beneficiary Election in a sentence
The Beneficiary Election Form does not need to be completed upon execution of this Award Agreement and is not required to be completed as a condition of receiving the Restricted Stock.
However, if the Participant dies without completing a Beneficiary Election Form, if the Participant does not complete the Beneficiary Election Form correctly, or if the beneficiaries designated on the Beneficiary Election Form do not survive the Participant, the Participant’s beneficiary under this Award Agreement will be the Participant’s surviving spouse or, if the Participant does not have a surviving spouse, the Participant’s estate.
You may choose your primary designated beneficiary and contingent beneficiaries by completing the Plan’s Beneficiary Election Form.
However, if the Participant dies without completing a Beneficiary Election form or if the Participant does not complete the form correctly, the Participant’s beneficiary under this Award Agreement will be the Participant’s surviving spouse or, if the Participant does not have a surviving spouse, the Participant’s estate.
The Beneficiary Election form does not need to be completed upon execution of this Award Agreement and is not required to be completed as a condition of receiving the Shares of Restricted Stock.
If you have not already done so, you should complete the forms that address the Participant Information and Acceptance of the Plan, Account Set Up, Acknowledgement of Plan Provisions, Reference Investment Election Form and Beneficiary Election.
During the term of this Agreement and for twelve (12) months thereafter, neither party shall solicit, induce or encourage any employee or consultant of the other party or any of its affiliates or service providers to accept an offer of employment or other engagement.