Nominated Beneficiary definition

Nominated Beneficiary means, at any time, a Person who has been designated as a “Nominated Beneficiary” under, and at that time remains a “Nominated Beneficiary” in accordance with, a Nomination.

Nominated Beneficiary means a person nominated under Article 63 or (where the context so requires) a previous provision to the like effect;

Nominated Beneficiary means a beneficiary nominated by the Contract Holder to receive the Death Benefit subject to the provisions of Clause 20.

Examples of Nominated Beneficiary in a sentence

• Nominated Beneficiaries shall be deemed to be Creditors for the purposes of this Deed, provided that the Crown’s liability to a Nominated Beneficiary shall be limited to the amount (if any) specified in or determined in accordance with the relevant Nomination.

• If no Nominated Beneficiary survives the Member, the Reserve Value of the remainder Pension payments shall be paid to the Member’s estate.

• The designation of a Nominated Beneficiary is irrevocable after the Member’s Effective Retirement Date except as otherwise provided in Section 4.03(b).

• If the Ages of the Member and the Nominated Beneficiary are different, the Pension shall be decreased by an additional six-tenths of one percent for each year that the beneficiary's Age is less than the Member's Age, or shall be increased by six-tenths of one percent, up to a maximum of 94 percent, for each year that the beneficiary's Age is greater than the Member's Age.

• If such Nominated Beneficiary or beneficiaries predecease the Member, the Member may nominate a successor beneficiary or beneficiaries.

More Definitions of Nominated Beneficiary

Nominated Beneficiary means any individual or corporation named in a signed expression of wish relating to the disposal of any sum to be held upon the discretionary trusts, as referred to in paragraph (e) of the definition of "discretionary trusts", who is neither a relative nor a dependant of the individual expressing the wish.

Nominated Beneficiary means a person who has been nominated by a Member to receive payments following the Member's death pursuant to an optional method of payment described in Section 4.03. The designation of Nominated Beneficiary shall be in writing and notarized, and shall be effective upon receipt by the System.

Nominated Beneficiary means one or more beneficiaries nominated by the Contract Holder in the “Beneficiary Nomination Form” prescribed by the Company to receive the applicable Contract Benefit.

Nominated Beneficiary means the person nominated by the Policyholder to receive the Benefits upon the death of the Policyholder;

Nominated Beneficiary means the beneficiary nominated by the Principal Member to receive the Benefits;

Nominated Beneficiary means the person nominated by the Principal Insured to receive the benefits of this Policy on the Death of the Principal Insured. Where a Beneficiary nomination is not received, the Principal Insured agrees that the Claimant will be the Nominated Beneficiary. The Principal Insured is the Nominated Beneficiary in respect of the Death of a Dependant;

Nominated Beneficiary means a Dependant or other person nominated in writing by the Member under clause 12;