Secondary Beneficiaries definition

Secondary Beneficiaries means persons or households with a qualifying income of between R5,500.01 and R15,000.00 per month or as amended from time to time;
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Secondary Beneficiaries. ELIGIBLE PARTIES and anyone who purchases the OPTION RIGHTS, subject to the terms and conditions of this trust agreement, with regard to the OPTION RIGHTS, the exercise thereof, the PURCHASED SHARES, and the rights inherent therein. [logo] Banamex A NEW BANKING ATTITUDE CLAUSE THREE: TRUST CORPUS The TRUST CORPUS in the Trust (the "TRUST CORPUS") consists of the following:(i) Any SHARES or CEMEX.CPO contributed to the Trust or purchased by the TRUSTEE in fulfillment of the purposes of this agreement; (ii) The OPTIONS granted to the TRUSTEE to cover the OPTION RIGHTS or any that the TRUSTEE purchases; (iii) the contribution hereby made by the TRUSTORS in the amount of Pesos 2,000 (Two Thousand Pesos 00/100 National Currency); (iv) The price to be paid for the OPTION RIGHTS and the EXERCISE PRICE, and also any yields thereon earned by investing the funds that comprise the TRUST CORPUS; (v) the funds that are received for financing the aforementioned, which if applicable, were granted; (vi) SHARES or CEMEX.CPO that are subscribed or purchased and charged to the funds in the TRUST CORPUS; (vii) SHARES or CEMEX.CPO that the ELIGIBLE PARTIES would have subscribed or purchased for the exercise of the OPTION RIGHTS; and (viii) the cash contributions made by CEMEX, CEDICE or any other CONTROLLED ENTITY that are necessary in order to achieve the purposes of this TRUST.
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Secondary Beneficiaries means social investment beneficiaries, located outside Sasol’s Area of Interest, but within the broader district(s), impacted by Sasol’s operations.
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Examples of Secondary Beneficiaries in a sentence

  • I understand that (i) if none of my Primary or Secondary Beneficiaries survive me then payment will be made to my estate; and (ii) if I do not properly designate a Beneficiary, under the Agreement, I will be deemed to have designated my estate as my Primary Beneficiary.

  • If both the Primary and Secondary Beneficiaries fail to survive Participant, the term Beneficiary shall mean the estate of the Participant.

  • In the event I am survived by more than one Secondary Beneficiary, such Secondary Beneficiaries shall share equally unless I indicate otherwise on an attachment to this form: ----------------------------------------------------------------- Name Relationship ----------------------------------------------------------------- Address ----------------------------------------------------------------- City State Zip I understand that I may revoke or amend the above designations at any time.

  • In the event I am survived by more than one Secondary Beneficiary, such Secondary Beneficiaries shall share equally unless I indicate otherwise on an attachment to this form: _________________________________________________________________ Name Relationship _________________________________________________________________ Address _________________________________________________________________ City State Zip I understand that I may revoke or amend the above designations at any time.

  • The rule selected shall be applied to Primary Beneficiaries and Secondary Beneficiaries separately so that no Secondary Beneficiary (or issue of a Secondary Beneficiary) shall be entitled to a share of the death benefits unless all Primary Beneficiaries fail to survive the Participant and, if Rule 2 is selected, all issue of all Primary Beneficiaries fail to survive the Participant.

  • If I am survived by more than one Secondary Beneficiary, such Secondary Beneficiaries shall share equally unless I indicate otherwise on this form: Name Share Address Relationship5 4 A Trustee may designate any person or a Trust as a Beneficiary.

  • If all Primary Beneficiaries have predeceased me and if any one or more of the Secondary Beneficiaries designated hereunder shall predecease me, such Secondary Beneficiary's share(s) shall be divided equally among the Secondary Beneficiaries.

  • If there are no surviving Primary Beneficiaries, the payment shall be divided equally between and paid to all surviving Secondary Beneficiaries.

  • The total share for the Primary Beneficiaries must equal 100% and the total share for the Secondary Beneficiaries, if any, must equal 100%.

  • In the event I am survived by more than one Secondary Beneficiary, such Secondary Beneficiaries shall share equally unless I indicate otherwise on an attachment to this form: Name Relationship Address City State Zip I understand that I may revoke or amend the above designations at any time.


More Definitions of Secondary Beneficiaries

Secondary Beneficiaries means one or more beneficiaries designated by an Eligible Director, prior to his or her death, to receive benefits under the Plan upon the death of both the Eligible Director and such Eligible Director's Eligible Spouse. Such designation shall be made in writing and delivered to the Chief Executive Officer or other designated officer of the Company.
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Secondary Beneficiaries. If my primary beneficiaries pre-decease me, the proceeds of this account should be disbursed as follows:
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Secondary Beneficiaries means the persons, companies or entities named in Part B of the Schedule as the Secondary Beneficiaries.
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Secondary Beneficiaries means, with effect from the Primary Beneficiary Release Date and at all times thereafter until the Intermediate Release Date, PIC and the Political Risk Indemnitors;
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Secondary Beneficiaries means the depositors of Banco del Progreso S.A., and the depositors of Banco del Progreso Ltd., who, on such date or dates, had deposits which constituted obligations of Banco del Progreso S.A. or Banco del Progreso Ltd., as the case may be, which exceeded US$4,000 in the aggregate.
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Secondary Beneficiaries the ELIGIBLE PERSONS with regard to the SHARES PURCHASED, the proceeds of the sale thereof, and the exercise of ownership rights inherent therein.
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Related to Secondary Beneficiaries

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Beneficiaries means any Person to whom the Issuer is or hereafter becomes indebted or liable.

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

  • Beneficiary(ies means the individual or individuals designated in the Application by the Subscriber(s) to whom, or on whose behalf, Educational Assistance Payments are agreed to be paid, provided such individual qualifies under the Applicable Legislation and the Plan at the time such payments are made;

  • Third Party Beneficiaries has the meaning ascribed thereto in Section 8.8(1).

  • Spouse means, an individual who,

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

  • 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.

  • 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.

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

  • Dependent children also means natural children, stepchildren, adopted children, children of a domestic partner, children placed for adoption and foster children.

  • Pecuniary benefit means benefit in the form of money, property, commercial interests or anything else the primary significance of which is economic gain. Expenses associated with social occasions afforded public servants shall not be deemed a pecuniary benefit.

  • 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.

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

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • Annuitant means a person who receives a retirement allowance or a disability allowance;

  • Third Party Beneficiary means each of the non-NHS bodies set out in the list attached at Schedule 1, as supplied from time to time by the Authority to the Contractor;

  • legal personal representative means the personal or other legal representative of the shareholder;

  • Alternate Payee means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a qualified domestic relations order as having a right to receive all, or a portion of, the benefits payable under a Plan with respect to such Participant.

  • Children means all dependants named on a policy (not including spouse).

  • 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.

  • Dependent child means a child residing in an individual’s household who may legally be claimed as a dependent on the federal income tax of such individual.

  • 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.

  • 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.

  • Joint Annuitant means the individual specified as such in the Data Pages. The Joint Annuitant must be the spouse of the Annuitant on the Contract Date.