TO WHOM PAYABLE Sample Clauses

TO WHOM PAYABLE. The Policyholder in trust for the benefit of such one or more persons as the Policyholder in its absolute discretion shall decide in accordance with the Scheme.
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TO WHOM PAYABLE. Any benefit becoming payable be paid you, except as in the paragraph. If you predecease the dependent, the death benefit will be paid to the estate of the dependent or, at Great-West Life’s option, a relative of the dependent. Any amount of optional coverage becoming payable on account of the death of your spouse will be payable to the beneficiary as determined under the beneficiary rules shown on the General page.
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TO WHOM PAYABLE. If you have a spouse on your date of death the death benefit is payable to your spouse. If you do not have a spouse on your date of death or if you and your spouse are living separate and apart, the death benefit is payable to your designated beneficiary and if there is no designated beneficiary, to your estate. Subject to any statutory restrictions, you may from time to time change the beneficiary. The right of the spouse to receive the above death benefit may be jointly waived by you and your spouse, in which event the benefit will be payable to your designated The spousal waiver form must be in writing in the prescribed form required by the applicable Government Legislation.
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Related to TO WHOM PAYABLE

  • Minimum Payments (a) Where the employee is under 45 years of age, the employer shall pay the employee Less than 1 year Nil 1 year and less than 2 years 4 weeks pay 2 years and less than 3 years 7 weeks pay 3 years and less than 4 years 10 weeks pay 4 years and less than 5 years 12 weeks pay 5 years and less than 6 years 14 weeks pay 6 years and over 16 weeks pay. (b) Where the employee is 45 years of age or over, the employer shall pay the employee in accordance with the following scale: Less than 1 year Nil 1 year and less than 2 years 5 weeks pay 2 years and less than 3 years 8.75 weeks pay 3 years and less than 4 years 12.5 weeks pay 4 years and less than 5 years 15 weeks pay 5 years and less than 6 years 17.5 weeks pay 6 years and over 20 weeks pay

  • Maximum Payments Nothing contained herein shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Borrower to the Holder and thus refunded to the Borrower.

  • Interim Payments Interim payments may be made by Department, at its discretion, if the completion of deliverables to date have first been accepted in writing by Department's Grant Manager.