Entity Beneficiary definition
Entity Beneficiary means any partnership, trust, corporation, limited liability company or firm, or any combination thereof, that is not a Designated Beneficiary or an Eligible
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Related to Entity Beneficiary
primary beneficiary means the individual for whose primary benefit the trust is then held.
Income beneficiary means a person to whom net income of a trust is or may be payable.
Successor beneficiary means a person entitled to receive income or principal or to use property when an income interest or other current interest ends.
Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.
Current beneficiary means a beneficiary that on the date the beneficiary’s qualification is determined is a distributee or permissible distributee of trust income or principal. The term includes the holder of a presently exercisable general power of appointment but does not include a person that is a beneficiary only because the person holds any other power of appointment.