DEATH OF PARTICIPANT definition

DEATH OF PARTICIPANT. BEFORE THE ANNUITY DATE We will pay a death benefit to the Beneficiary upon Our receiving all required documentation including: (a) due proof that any Participant died before the Annuity Date; and (b) an election form selecting the payment option from the options listed below. If no election is received within 60 days of our receipt of due proof of death, the death benefit will be paid in accordance with option 1 below. The Beneficiary must select one of the following options:
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Examples of DEATH OF PARTICIPANT in a sentence

  • If the Participant is also the Annuitant and there are no surviving Beneficiaries at the death of the Participant, the death benefit will be paid to the estate of the Participant in accordance with option 1, under DEATH OF PARTICIPANT BEFORE THE ANNUITY DATE.

  • If two or more persons are named, (a) those surviving the Participant will share equally unless otherwise stated; and (b) the Beneficiaries must elect to receive their respective portions of the death benefit according to the options listed under DEATH OF PARTICIPANT BEFORE THE ANNUITY DATE.

  • If two or more persons are named: (a) those surviving the Participant will share equally unless otherwise stated; and (b) the Beneficiaries must elect to receive their respective portions of the death benefit according to the options listed under DEATH OF PARTICIPANT BEFORE THE ANNUITY DATE.

  • DEATH OF PARTICIPANT OR FORMER PARTICIPANT BEFORE RETIREMENT OR TERMINATION.

  • DEATH OF PARTICIPANT If a Participant dies, his personal representatives shall be entitled to exercise his Options for the twelve-month period following his death.

  • STOCK OPTIONS Subsection (6) DEATH OF PARTICIPANT - is hereby deleted in its entirety and replaced by the following: (6) Death of a Participant.

  • BENEFIT ON DEATH OF PARTICIPANT Death Benefit A Death Benefit will be paid under this Certificate if: 1) you die before the Annuity Commencement Date and before your participation interest is fully surrendered; 2) the Death Benefit Valuation Date has occurred; and 3) your spouse does not become the Successor Owner of your participation interest.

  • DEATH OF PARTICIPANT BEFORE THE ANNUITY DATE If the Participant dies before the Annuity Date, We will have no further liability except as may be provided by the form of the Certificate issued under this Contract or as may be agreed by Us when the Certificate is purchased.

  • PROCEEDS PAYABLE ON DEATH DEATH OF PARTICIPANT DURING THE ACCUMULATION PERIOD Upon the death of the Participant or a Joint Participant during the Accumulation Period, the death benefit will be paid to the Beneficiary designated by the Participant.

  • If the Participant is also the Annuitant and there are no surviving Beneficiaries upon Our receipt of all Required Documentation, We will calculate the Death Benefit and it will be paid to the estate of the Participant in accordance with option 1, under DEATH OF PARTICIPANT BEFORE THE ANNUITY DATE.

Related to DEATH OF PARTICIPANT

  • Other Participant means a cooperative project participant other than the United States.

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • CDS Participant means a broker, dealer, bank or other financial institution or other person for whom, from time to time, CDS effects book entries for the Units deposited with CDS.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Participant has the meaning specified in Section 10.06(d).

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • Retirement Eligibility with respect to this Award means a Participant attaining age sixty (60) and completing five (5) Full Years of Continuous Service with the Employer; and

  • Qualified Participant means a Participant who has attained age 55 and who has completed at least 10 years of participation in the Plan.

  • Voting Participant has the meaning specified in Section 10.06(d).

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Designated Participant means a key Employee of the Company or any other Participating Company who is designated by the Committee in writing to participate in the Program.

  • Disability retirement for plan 1 members, means the period

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Participants is defined in Section 12.2.1.

  • Registered Participant means a market participant which has entered into a Participation Agreement with the Allocation Platform Rights Document means a document containing the information of the maximum amount of allocated Physical Transmission Rights (identified by CAI) that can be nominated by a market participant per Bidding Zone border per day per hour and per direction taking into account the volume of Daily Transmission Rights initially acquired and any possible curtailments which occurred before the issuance of the Rights Document. Working Day means the calendar days from Monday to Friday, with the exception of public holidays as specified on the website of the Allocation Platform;

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Disability Benefit means the benefit set forth in Article 8.