Cy Pres Beneficiary definition

Cy Pres Beneficiary is any non-profit organization, other than a law firm, legal services entity, or educational institution, that has provided agricultural, business assistance, or advocacy services to Native American farmers between 1981 and the Execution Date that will be proposed by Class Counsel and approved by the Court.
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Cy Pres Beneficiary means one or more 501(c)(3) organizations to be named prior to Final Approval and approved by the Court.
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Cy Pres Beneficiary means one or more entities jointly selected by Class Counsel and Defense Counsel, and approved by the Court, to receive any residual funds from the Net Settlement Fund after funds are distributed to Class Members in accordance with this Agreement.
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Examples of Cy Pres Beneficiary in a sentence

  • Sums paid by checks not cashed within sixty (60) days of the final distribution by the Claims Administrator shall be paid to the Cy Pres Beneficiary.

  • Cy Pres: Any amounts remaining from uncashed checks from the Final Distribution after checks are cancelled within 60 days shall be issued to the Cy Pres Beneficiary.


More Definitions of Cy Pres Beneficiary

Cy Pres Beneficiary means the charitable organization selected by the Parties, namely, the Stark County Domestic Violence Project, to receive one or more payments in the circumstances specified by this Agreement.
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Cy Pres Beneficiary means, the Consumer Federation of California.
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Cy Pres Beneficiary means The Center for WorkLife Law.
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Cy Pres Beneficiary means Human Options, an Orange County non-profit organization assisting victim of relationship violence, or other 501(c)(3) organization approved by the Court.
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Related to Cy Pres Beneficiary

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • land reform beneficiary , in relation to a property, means a person who -

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Beneficiary means the person, persons, trust or trusts that have been designated by a Participant in his or her most recent written beneficiary designation filed with the Committee to receive the benefits specified under the Plan upon such Participant’s death or to which Awards or other rights are transferred if and to the extent permitted under Section 10(b) hereof. If, upon a Participant’s death, there is no designated Beneficiary or surviving designated Beneficiary, then the term Beneficiary means the person, persons, trust or trusts entitled by will or the laws of descent and distribution to receive such benefits.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.