DESIGNATING A BENEFICIARY Clause Samples

DESIGNATING A BENEFICIARY. Who May Be a Program Beneficiary? Do I Have to Be Related to the Beneficiary?
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DESIGNATING A BENEFICIARY. Subject to the provisions of this Section, Associate may, from time to time, designate a beneficiary or beneficiaries to receive any payments under this Agreement which remain due and payable at the time of his death. Each beneficiary must be designated by Associate on a written beneficiary designation form, which must be received prior to his death. Associate may change his designated beneficiary or beneficiaries by submitting an appropriately completed, written beneficiary designation form to the CHRO prior to his death and prior to the commencement of benefit payments. If Associate fails properly to designate a beneficiary, any payment otherwise due and payable under this Agreement will be made to Associate's surviving spouse, if any, and otherwise to the personal representative of Associate's estate.
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DESIGNATING A BENEFICIARY. Subject to the provisions of this Section, the Employee may, from time to time, designate a beneficiary or beneficiaries to receive any payments under this Agreement which remain due and payable at the time of his death. Each beneficiary must be designated by the Employee on a written beneficiary designation form, which must be received prior to his death. The Employee may change his designated beneficiary or beneficiaries by submitting an appropriately completed, written beneficiary designation form to the Chief Human Resources Officer (the "CHRO") of the Corporation prior to his death. The beneficiary or beneficiaries currently designated by the Employee are identified on Exhibit A, which is attached and made a part of this Agreement. If the Employee fails properly to designate a beneficiary, any payment otherwise due and payable under this Agreement will be made to the Employee's surviving spouse, if any, and otherwise to the personal representative of the Employee's estate.
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Related to DESIGNATING A BENEFICIARY

  • Designation of Beneficiary The depositor may designate a beneficiary or beneficiaries to receive benefits from the custodial account in the event of the depositor’s death. In the event the depositor has not designated a beneficiary, or if all beneficiaries shall predecease the depositor, the following persons shall take in the order named: a. The spouse of the depositor; b. If the spouse shall predecease the depositor or if the depositor does not have a spouse, then to the depositor’s estate.

  • Beneficiary The Participant may file with the Committee a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, amend or revoke such designation.

  • Designation of Beneficiaries The Executive may designate any person to receive any benefits payable under the Agreement upon the Executive’s death, and the designation may be changed from time to time by the Executive by filing a new designation. Each designation will revoke all prior designations by the Executive, shall be in the form prescribed by the Administrator and shall be effective only when filed in writing with the Administrator during the Executive’s lifetime. If the Executive names someone other than the Executive’s spouse as a Beneficiary, the Administrator may, in its sole discretion, determine that spousal consent is required to be provided in a form designated by the Administrator, executed by the Executive’s spouse and returned to the Administrator. The Executive’s beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved.

  • BENEFICIARY DESIGNATION RIGHTS The Insured (or assignee) shall have the right and power to designate a beneficiary or beneficiaries to receive the Insured’s share of the proceeds payable upon the death of the Insured, and to elect and change a payment option for such beneficiary, subject to any right or interest the Bank may have in such proceeds, as provided in this Agreement.

  • DEATH OF BENEFICIARY Unless otherwise provided in the Beneficiary designation, if any Beneficiary dies before the Owner, that Beneficiary's interest will go to any other primary Beneficiaries named, according to their respective interests. If there are no primary Beneficiaries, the Beneficiaries' interest will pass to a contingent Beneficiary, if any. Prior to the Annuity Commencement Date, if no Beneficiary or contingent Beneficiary survives the Owner, the Death Benefits will be paid to the Owner's estate. Unless otherwise provided in the Beneficiary designation, once a Beneficiary is receiving Death Benefits or annuity payments under an Annuity Payment Option, the Beneficiary may name his or her own Beneficiary to receive any remaining benefits due under the Contract, should the original Beneficiary die prior to receipt of all benefits. If no Beneficiary is named or the named Beneficiary predeceases the original Beneficiary, any remaining benefits will continue to the original Beneficiary's estate. A Beneficiary designation must be made by Notice to LNY.