Common use of DEATH AND INHERITANCE Clause in Contracts

DEATH AND INHERITANCE. 5.1 Upon the demise an DOD, the deceased's independent business may be transferred to the deceased DOD’s beneficiary subject to relevant laws of Malaysia (or country concerned). 5.2 In cases where an DOD disposes of an independent business in a Will, the Company will recognize the terms of the transfer, provided the beneficiary is an DOD who is compliance with the Rules. 5.3 DOD account cannot be transferred to other person if there is not beneficiary record in the system 5.4 DOD account transfer to beneficiary can be performed one (1) time only.

DEATH AND INHERITANCE. 5.1 Upon the demise an DOD, the deceased's independent business may be transferred to the deceased DOD’s ▇▇▇'s beneficiary subject to relevant laws of Malaysia (or country concerned). 5.2 In cases where an DOD disposes of an independent business in a I na Will, the Company will Companywill recognize the terms of the transfertrans fer, provided the beneficiary is an DOD who is compliance with the Rules. 5.3 DOD account cannot be transferred to other person if there is not beneficiary record in the system 5.4 DOD account transfer to beneficiary can be performed one (1) time only.