Common use of Distribution at Death Clause in Contracts

Distribution at Death. Subject to the terms of the Employer Plan, distribution of the Custodial Account may begin as soon as practical after proper notification of the Participant’s death is made to the Custodian. Beneficiaries will be determined consistent with the provisions of section 5.10. If the Custodian receives satisfactory proof that all beneficiaries of the Participant predeceased him or if there is no beneficiary designation in effect, the Custodian will comply with distribution instructions from the Plan Administrator or the Employer or if not so provided, then the executor, administrator, or personal representative of the Participant’s estate, consistent with any other requirements of this Article.

Distribution at Death. Subject to the terms of the Employer Planplan, distribution of the Custodial Account may begin as soon as practical after proper notification of the Participant’s death is made to the Custodian. Beneficiaries will be determined consistent with the provisions of section 5.10. If the Custodian receives satisfactory proof that all beneficiaries of the Participant predeceased him or if there is no beneficiary designation in effect, the Custodian will comply with distribution instructions from the Employer’s Plan Administrator or the Employer or if not so provided, then the executor, administrator, or personal representative of the Participant’s estate, consistent with any other requirements of this Article.