Recipients of Payments Clause Samples

Recipients of Payments. DESIGNATION OF BENEFICIARY. All payments to be made by the Bank shall be made to the Participant, if living. In the event of a Participant's death prior to the receipt of all benefit payments, all subsequent payments to be made under this Agreement shall be to the beneficiary or beneficiaries of the Participant. The Participant shall designate a beneficiary by filing a written notice of such designation with the Bank in such form as the Bank may prescribe. The Participant may revoke or modify said designation at any time by a further written designation. The Participant's beneficiary designation shall be deemed automatically revoked in the event of the death of the beneficiary, or if the beneficiary is the Participant's spouse, in the event of dissolution of marriage. If no designation shall be in effect at the time of any benefits payable under this Agreement shall become due, the beneficiary shall be the spouse of the Participant, or if no spouse is then living, the legal representatives of the Participant's estate.
View SourceView Similar (3)
Recipients of Payments. The paying agent will pay interest to the person in whose name the debt security is registered at the close of business on the applicable record date. However, upon maturity, redemption or repayment, the paying agent will pay any interest due to the person to whom it pays the principal of the debt security. The paying agent will make the payment on the date of maturity, redemption or repayment, whether or not that date is an interest payment date. An “interest payment date” for any debt security means a date on which, under the terms of that debt security, regularly scheduled interest is payable.
View SourceView Similar (2)
Recipients of Payments. Designation of Beneficiary 8 3.8 Restriction on Timing of Distributions 9
View SourceView Similar (2)
Recipients of Payments. Designation of Beneficiary 8 SECTION 4 8 ADDITIONAL CHANGE IN CONTROL PROVISIONS 8 4.1 Application of Section 8 4.2 Limit on Payments 9 4.3 Determination by Experts 9 4.4 Participant's Costs of Enforcement 9 SECTION 5 10 ADMINISTRATION AND INTERPRETATION OF THIS AGREEMENT 10 SECTION 6 10 CLAIMS PROCEDURE 10 SECTION 7 11 REVIEW PROCEDURE 11 7.1 11 7.2 11 SECTION 8 11 LIFE INSURANCE AND FUNDING 11 SECTION 9 12 ASSIGNMENT OF BENEFITS 12 SECTION 10 12 EMPLOYMENT NOT GUARANTEED BY AGREEMENT 12 SECTION 11 12 TAXES 12 SECTION 12 13 AMENDMENT AND TERMINATION 13 SECTION 13 13 CONSTRUCTION 13 SECTION 14 13 FORM OF COMMUNICATION 13 SECTION 15 13 CAPTIONS 13 SECTION 16 14 SEVERABILITY 14 SECTION 17 14 BINDING EFFECT 14 BENEFICIARY DESIGNATION 15 -ii- THIS AGREEMENT is made this ______ day of _____________, 1998, effective January 1, 1997, between Valley Ridge Bank, a Michigan corporation (the "Company") and (i) (the "Participant").
View Source
Recipients of Payments. DESIGNATION OF BENEFICIARY. All payments to be made by the Company shall be made to the Executive, if living. In the event of a Executive's death prior to the receipt of all benefit payments, all subsequent payments to be made under this Agreement shall be to the beneficiary or beneficiaries of the Executive. The Executive shall designate a beneficiary by filing a written notice of such designation with the Company in such form as the Company may prescribe. The Executive may revoke or modify said designation at any time by a further written designation. The Executive's beneficiary designation shall be deemed automatically revoked in the event of the death of the beneficiary, or if the beneficiary is the Executive's spouse, in the event of dissolution of marriage. If no designation shall be in effect at the time of any benefits payable under this Agreement shall become due, the beneficiary shall be the spouse of the Executive, or if no spouse is then living, the legal representatives of the Executive's estate.
View Source
Recipients of Payments. DESIGNATION OF BENEFICIARY.
View Source
Recipients of Payments. All payments to be made by ▇▇▇▇▇ under the Plan shall be made to the Participant during his or her lifetime. All subsequent payments under the Plan shall be made by ▇▇▇▇▇ to Participant's Surviving Spouse, Eligible Children or their guardian, if applicable.
View Source

Related to Recipients of Payments

  • Calculation of Payments The State shall use the fee schedule set forth in Attachment E to the contract (Fee Schedule) in determining the value of the work performed up to the time of termination. In the case of partially completed engineering services, eligible costs will be calculated as set forth in Attachment E, Fee Schedule. The sum of the provisional overhead percentage rate for payroll additives and for general and administrative overhead costs during the years in which work was performed shall be used to calculate partial payments. Any portion of the fixed fee not previously paid in the partial payments shall not be included in the final payment.

  • Termination of Payments Notwithstanding section 2.2, no payments shall be due to Purchaser ▇▇▇▇ Purchaser has received an aggregate amount under this Note, including payments made by the Company pursuant to section 2.3, equal to (i) the Principal Amount (as defined in the Investor Information Sheet above), multiplied by (ii) the Maximum Payment Multiple. We refer to the result of this multiplication as the “Maximum Payment Amount.”