Common use of Contingent Clause in Contracts

Contingent. I understand that I may change this beneficiary designation by delivering a new written designation to the Administrator, which shall be effective only upon receipt by the Administrator prior to my death. I further understand that the designation will be automatically revoked if the Beneficiary predeceases me or if I have named my spouse as Beneficiary and our marriage is subsequently dissolved. Signature: Date:

Appears in 3 contracts

Sources: Supplemental Executive Retirement Plan (WVS Financial Corp), Split Dollar Life Insurance Agreement (WVS Financial Corp), Split Dollar Life Insurance Agreement (WVS Financial Corp)