Successor Member definition

Successor Member means your Spouse or Common-law Partner who has been appointed by you to be the successor holder under the Plan on your death and who is your Spouse or Common-law Partner at the time of your death.

Successor Member means a person admitted to membership as a person eligible for membership under paragraph (b) of Article 4.

Successor Member means the Member’s Spouse or Common-law Partner who has been appointed by the Member to be the successor holder under the Plan on the death of the Member and who is the Member’s Spouse or Common-law Partner at the time of the death of the Member.

Examples of Successor Member in a sentence

• If you die before the value of your account has been distributed and have appointed a Successor Member, we will continue to maintain the Plan in the name of the Successor Member.

• The Successor Member will acquire all your rights under the Plan, including the unconditional right to revoke any beneficiary designation made, or similar direction imposed, by you under the Plan or relating to the property held in connection with the Plan, and references to you in this certificate will be deemed to mean the Successor Member.

• The Successor Member will acquire all the Member’s rights under the Plan, including the unconditional right to revoke any beneficiary designation made, or similar direction imposed, by the Member under the Plan or relating to the property held in connection with the Plan, and references to Member in this certificate will be deemed to mean the Successor Member.

• If the Member dies before the value of the Member’s account has been distributed and has not appointed a Successor Member, the Issuer will withdraw the value of the Member’s account and make payment to the beneficiary in one sum in accordance with the Issuer’s then current practices.

• If the Member dies before the value of the Member’s account has been distributed and has appointed a Successor Member, the Issuer will continue to maintain the Plan in the name of the Successor Member.

More Definitions of Successor Member

Successor Member has the meaning provided in Clause 16.3.3;

Successor Member has the meaning ascribed to it in clause 3.4; “Supplier” means:

Successor Member means an individual who was the spouse of a member of a PRPP immediately before the death of the member and who acquires, as a consequence of the death, all of the member’s rights in respect of the member’s account under the PRPP. For the purposes of the definition of “qualifying survivor” in the first paragraph, a child or grandchild of the member is presumed not to be financially dependent on the member at the time of the death of the member if the child’s or grandchild’s income, for the taxation year preceding the taxation year in which the member died, was greater than the amount determined by the formula in subsection 1.1 of section 146 of the Income Tax Act for that preceding year. History: 2015, c. 21, s. 351; 2019, c. 14, s. 282. TAX

Successor Member means a Member admitted to membership as a person eligible for membership under sub-clause 6.1.2 of Article 6;

Successor Member means a member admitted to membership in the Corporation as a successor under paragraph (b) of Article 2.1.

Successor Member. ’ means the corporate member in whose favour a participation nomination and/or a second nomination is made, the funds at Lloyd’s of another member are made interavailable , the funds at Lloyd’s of which are made interavailable to another member or which reinsures the open years of another member under a transition arrangement;

Successor Member means a person who has been admitted as a Successor Member in accordance with Section 4.4.