Foreign Beneficiary definition

Foreign Beneficiary means any Person who is a "non-resident alien individual" or "foreign partnership" within the meaning of Section 1441 of the Code, a "foreign corporation" within the meaning of Section 1442 of the Code or any Person "who is not a United States person" within the meaning of Section 1446 of the Code.
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Foreign Beneficiary means a third party outside Brazil who you wish to transfer funds to via Payment Services.
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Examples of Foreign Beneficiary in a sentence

  • Notwithstanding the foregoing, each Foreign Beneficiary shall indemnify the Trust and the Trustees for any costs or expenses incurred by the Trust or the Trustees in connection with the withholding requirements applicable to Foreign Beneficiaries under the Code, including, without limitation, Sections 1441, 1442 and 1446.

  • Foreign Beneficiary: The designation of a beneficiary located in a foreign country may make it more difficult to locate such beneficiaries and to obtain proof of their identity, and there may also be foreign rules and regulations hampering prompt settlement of death claims.

  • Thus, a predatory Petitioner could circumvent IMBRA by traveling overseas to marry the Foreign Beneficiary and subsequently filing an I-130 petition upon return to the United States.

  • If the Foreign Beneficiary presents a valid Tax Cost Certificate, Pampa Energía will be obligated to retain 15% of the Net Gain (as defined in the Argentine Prospectus and the International Prospectus) realized by such Foreign Beneficiary.

  • Foreign Beneficiary: Whenever possible the designation of a beneficiary located in a foreign country should be avoided.

  • The redemptions resulted in extraordinary gains of $22.2 million and $166.9 million during the nine months ended March 30, 2001 and March 31, 2000, respectively.

Related to Foreign Beneficiary

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

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • primary beneficiary means the individual for whose primary benefit the trust is then held.

  • 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.

  • 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.

  • 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.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Alternate Payee means a spouse, former spouse, child, or other dependent of a participant, who is designated to be paid retirement benefits in a qualified domestic relations order;

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

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Surviving beneficiary or “surviving descendant” means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.

  • Spouse means, an individual who,

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • Beneficiary(ies means the beneficiary(ies) designated by the Participant who are entitled to receive any distributions from the Plan payable upon the death of the Participant.

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Registered domestic partner means an individual joined in a domestic partnership that is registered by a county clerk in accordance with ORS 106.300 to 106.340.

  • Registered Participant means a market participant which has entered into a Participation Agreement with the Single Allocation Platform;

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Foreign Benefit Event means, with respect to any Foreign Pension Plan, (a) the existence of unfunded liabilities in excess of the amount permitted under any applicable Law or in excess of the amount that would be permitted absent a waiver from applicable Governmental Authority or (b) the failure to make the required contributions or payments, under any applicable Law, on or before the due date for such contributions or payments.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Eligible Spouse means a spouse of an Eligible Retiree who satisfies the requirements for eligibility described in the Eligibility section of this document, or an ex-spouse who is an Eligible Spouse with rights to coverage as an Eligible Spouse pursuant to a court order recognized by SHARP. A Spouse must be married to retiree at least one year prior to the effective date of retirement. A Spouse married after the retiree’s effective retirement date is considered a non-eligible spouse for purposes of the Plan. [See “Spouse”]