Pay a Payee definition
Examples of Pay a Payee in a sentence
REFUSED PAYMENTS We May Refuse to Pay a Payee We reserve the right to refuse to pay any Payee to whom you may direct a payment.
REFUSED PAYMENTS We May Refuse to Pay a Payee We reserve the right to refuse to pay any Payee to whom you may direct a payment.
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;
Plan Benefit means the benefit payable to a Participant as calculated in Article V.
Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).
Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:
primary beneficiary means the individual for whose primary benefit the trust is then held.
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.
Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;
Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.
Plan Account means the account established for each Participant pursuant to Section 8(a).
Lump Sum Payment means a single payment that is not anticipated to continue.
Income beneficiary means a person to whom net income of a trust is or may be payable.
Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.
Qualified Domestic Relations Order means any judgment, decree, or order, including approval of a property settlement agreement, that:
FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.
Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.
Dependent children also means natural children, stepchildren, adopted children, children of a domestic partner, children placed for adoption and foster children.
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.
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.
Qualified Participant means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:
Plan approved domestic relations order means a judgment, decree, or order (including the approval of a settlement agreement) which is:
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.
Participating employee means an employee whose election to participate in a Plan has been approved by the employer.
First Tier Participant refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).
Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.
Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.