Specified Beneficiary definition

Specified Beneficiary means a person or entity nominated to receive a residuary benefit in accordance with the procedures set out in clause 4 and Schedule B.
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Specified Beneficiary means a spouse of a retired member who is designated as a specified beneficiary for the purposes of subsection 8506 (8) of the Income Tax Regulations (Canada); (“bénéficiaire déterminé”)
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Specified Beneficiary means an individual who meets the definition of a specified beneficiary for a particular year in relation to a money purchase provision of a registered pension plan as set out in the Income Tax Act.
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Examples of Specified Beneficiary in a sentence

  • Payments will cease upon the effective date of the transfer of the entire remaining balance to another option, or upon the later of the end of the month in which the Member dies, or, if there is a Specified Beneficiary, the end of the month in which the Specified Beneficiary dies.

  • If, with regard to all or any part of the Donor’s Contribution Balance, the Donor has not made a valid nomination, or if any Specified Beneficiary cannot receive a distribution, the Trustee shall distribute that part of the Donor’s Contribution Balance to the Donor, if living at the end date, or if not living, to the legal personal representative of the Principal Beneficiary.

  • If the Trust ceases to be a trust issuing Specified Beneficiary Certificates.(2) Upon the occurrence of any of the following events, the Trustee may terminate the Trust by having the Trust delisted from Financial Instruments Exchanges:i.

  • HYMAN SOFER (‘Mr Sofer’) is a member of the class of beneficiaries in respect of each of the three Settlements referred to in recital A pursuant to Deeds of Addition of a Specified Beneficiary dated 23 August 2006.

  • Public entities are required to provide an opportunity for interested persons, including individuals with disabilities or organizations representing individuals with disabilities, to participate in the self-evaluation process by submitting comments.

  • Howard mentioned that we need to revisit our donations policy, as, at its June 6 meeting, the Board passed a resolution banning any donations to outside organizations, but now, Amy has proposed that there be a budget line of $600 for donations.Stephen reminded the board that at the AGM some members had expressed worry about donations as Karma is in such a poor financial situation, while other members felt that donations were an integral part of community outreach.

  • Any balanceremaining in the Member’s account after the death of the Member and the death of the Specified Beneficiary, if any, will be paid as described in Section 11.

  • Where a Specified Beneficiary has not attained the nominated age or is otherwise under a legal disability, my Executors must exercise that Specified Beneficiary’s powers in the best interests of that Specified Beneficiary.

  • Diplomas (Regular) awarded by N.T.T.F, Bangalore through their various centres are recognized as sufficient qualification for admission to B.Tech Course in this University through lateral entry in the concerned branch.

  • Provided funds remain in your account on your death, a surviving Specified Beneficiary has the right to remain in the Plan and to continue periodic payments, or is free to withdraw or transfer any remaining balance out of the Plan as permitted by Saskatchewan pension legislation.


More Definitions of Specified Beneficiary

Specified Beneficiary means a designated beneficiary of a retired member who is a specified beneficiary under subsection 8506 (8) of the Income Tax Regulations (Canada); (“bénéficiaire déterminé”)
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Specified Beneficiary means an individual who meets the definition of a specified beneficiary for a particular year in relation to a money purchase provision of a registered pension plan as set out in the Income Tax Act. The specified beneficiary must be the spouse or common-law partner of a member who died prior to the beginning of the year and the member or the member’s legal representative must have provided the plan administrator with a written designation of the specified beneficiary before the beginning of the year.
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Specified Beneficiary means a person who is married, in a civil union, or in a de facto relationship and receives in his or her own right—
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Specified Beneficiary means a designated beneficiary of a retired member who is a specified beneficiary for the purposes of the Income Tax Act (Canada); (“bénéficiaire déterminé”)
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Specified Beneficiary. , of a trust at any time, means a person who at that time, either alone or together with persons with whom that person does not deal at arm’s length, has an interest as a beneficiary under the trust with a fair market value that is not less than 25% of the fair market value of all interests as a beneficiary under the trust and for the purpose of determining whether a particular person is a specified beneficiary of a trust,
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Specified Beneficiary means Bendigo Health and/or any other fund, authority or institution which is named in a resolution made by the trustees pursuant to clause 4.2 hereof.
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Related to Specified Beneficiary

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

  • 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.

  • Beneficiary means the person, persons, trust or trusts that have been designated by a Participant in his or her most recent written beneficiary designation filed with the Committee to receive the benefits specified under the Plan upon such Participant’s death or to which Awards or other rights are transferred if and to the extent permitted under Section 10(b) hereof. If, upon a Participant’s death, there is no designated Beneficiary or surviving designated Beneficiary, then the term Beneficiary means the person, persons, trust or trusts entitled by will or the laws of descent and distribution to receive such benefits.

  • Spouse means, an individual who,

  • 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.

  • 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.