Common use of Beneficiary Designation Clause in Contracts

Beneficiary Designation. You may, in a manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 Plan is subject to all terms and conditions of this Award Agreement and the 2007 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall be made to your estate. You may change or revoke a beneficiary designation at any time provided the change or revocation is filed with the Company.

Appears in 6 contracts

Samples: Form of Non Statutory Stock Option Award Agreement (Polonia Bancorp), Non Statutory Stock Option Award Agreement (Fox Chase Bancorp Inc), Non Statutory Stock Option Award Agreement (Chicopee Bancorp, Inc.)

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Beneficiary Designation. You may, in a manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2012 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2012 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2012 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall be made to your estate. You may change or revoke a beneficiary designation at any time provided the change or revocation is filed with the Company.

Appears in 6 contracts

Samples: Stock Option Award Agreement (Fraternity Community Bancorp Inc), Award Agreement (Franklin Financial Corp), Equity Incentive Plan (Wellesley Bancorp, Inc.)

Beneficiary Designation. You may, in a the manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 Plan is subject to all terms and conditions of this Award Agreement and the 2007 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall will be made to your estate. You may change or revoke a beneficiary designation at any time time, provided the change or revocation is filed with the Company.

Appears in 6 contracts

Samples: Award Agreement (Sugar Creek Financial Corp), Form of Incentive Stock Option Award Agreement (Polonia Bancorp), Incentive Stock Option Award Agreement (Chicopee Bancorp, Inc.)

Beneficiary Designation. You may, in a the manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2012 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2012 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2012 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall will be made to your estate. You may change or revoke a beneficiary designation at any time time, provided the change or revocation is filed with the Company.

Appears in 6 contracts

Samples: 2012 Equity Incentive Plan (ASB Bancorp Inc), Award Agreement (Franklin Financial Corp), Restricted Stock Award Agreement (SI Financial Group, Inc.)

Beneficiary Designation. You may, in a the manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2008 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2008 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2008 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall will be made to your estate. You may change or revoke a beneficiary designation at any time time, provided the change or revocation is filed with the Company.

Appears in 6 contracts

Samples: Nonqualified Stock Option Award Agreement (PVF Capital Corp), Award Agreement (First Advantage Bancorp), Delanco Bancorp, Inc

Beneficiary Designation. You may, in a manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2008 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2008 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2008 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall be made to your estate. You may change or revoke a beneficiary designation at any time provided the change or revocation is filed with the Company.

Appears in 4 contracts

Samples: First South Bancorp Inc /Va/, CNB Financial Corp., Delanco Bancorp, Inc

Beneficiary Designation. You may, in a the manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2010 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2010 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2010 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall will be made to your estate. You may change or revoke a beneficiary designation at any time time, provided the change or revocation is filed with the Company.

Appears in 4 contracts

Samples: Award Agreement (First Savings Financial Group Inc), Award Agreement (Athens Bancshares Corp), Incentive Stock Option Award Agreement (Ocean Shore Holding Co.)

Beneficiary Designation. You may, in a manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2011 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2011 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2011 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall be made to your estate. You may change or revoke a beneficiary designation at any time provided the change or revocation is filed with the Company.

Appears in 3 contracts

Samples: Award Agreement (Fox Chase Bancorp Inc), 2011 Equity Incentive Plan (Madison Bancorp Inc), Non Statutory Stock Option Award Agreement (FedFirst Financial Corp)

Beneficiary Designation. You may, in a the manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2009 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2009 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2009 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall will be made to your estate. You may change or revoke a beneficiary designation at any time time, provided the change or revocation is filed with the Company.

Appears in 3 contracts

Samples: Award Agreement (North Penn Bancorp Inc), Award Agreement (BCSB Bancorp Inc.), First Capital Inc

Beneficiary Designation. You may, in a manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2010 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2010 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2010 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall be made to your estate. You may change or revoke a beneficiary designation at any time provided the change or revocation is filed with the Company.

Appears in 3 contracts

Samples: Non Statutory Stock Option Award Agreement (Ocean Shore Holding Co.), Award Agreement (Athens Bancshares Corp), Award Agreement (First Savings Financial Group Inc)

Beneficiary Designation. You may, in a the manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2011 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2011 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2011 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall will be made to your estate. You may change or revoke a beneficiary designation at any time time, provided the change or revocation is filed with the Company.

Appears in 3 contracts

Samples: Award Agreement (Fox Chase Bancorp Inc), 2011 Equity Incentive Plan (Madison Bancorp Inc), Incentive Stock Option Award Agreement (FedFirst Financial Corp)

Beneficiary Designation. You may, in a manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2015 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2015 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2015 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall be made to your estate. You may change or revoke a beneficiary designation at any time provided the change or revocation is filed with the Company.

Appears in 3 contracts

Samples: Stock Option Award Agreement (Clifton Bancorp Inc.), Stock Option Award Agreement (Sandy Spring Bancorp Inc), Stock Option Award Agreement (Community Financial Corp /Md/)

Beneficiary Designation. You may, in a the manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2006 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2006 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2006 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall will be made to your estate. You may change or revoke a beneficiary designation at any time time, provided the change or revocation is filed with the Company.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Pulaski Financial Corp), United Community Bancorp

Beneficiary Designation. You may, in a manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 Plan is subject to all terms and conditions of this Award Agreement and the 2007 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall be made to your estate. You may change or revoke a beneficiary designation at any time provided the change or revocation is filed with the Company.

Appears in 2 contracts

Samples: Stock Option Award Agreement (Ottawa Bancorp Inc), Stock Option Award Agreement (Ottawa Bancorp Inc)

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Beneficiary Designation. You may, in a manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2014 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2014 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2014 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall be made to your estate. You may change or revoke a beneficiary designation at any time provided the change or revocation is filed with the Company.

Appears in 2 contracts

Samples: Form of Incentive Stock Option Award Agreement (United Community Bancorp), Form of Non Statutory Stock Option Award Agreement (United Community Bancorp)

Beneficiary Designation. You may, in a manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2016 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2016 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2016 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall be made to your estate. You may change or revoke a beneficiary designation at any time provided the change or revocation is filed with the Company.

Appears in 2 contracts

Samples: Stock Option Award Agreement (MB Bancorp Inc), Stock Option Award Agreement (Beneficial Bancorp Inc.)

Beneficiary Designation. You may, in a manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2009 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2009 Plan is subject to 2 10 all terms and conditions of this Award Agreement and the 2007 2009 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall be made to your estate. You may change or revoke a beneficiary designation at any time provided the change or revocation is filed with the Company.

Appears in 2 contracts

Samples: Award Agreement (North Penn Bancorp Inc), First Capital Inc

Beneficiary Designation. You may, in a manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2011 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2011 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2011 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall be made to your estate. You may change or revoke a beneficiary designation at any time provided the change or revocation is filed with the CompanyBank.

Appears in 2 contracts

Samples: Incentive Stock Option Award Agreement (Cordia Bancorp Inc), Non Statutory Stock Option Award Agreement (Cordia Bancorp Inc)

Beneficiary Designation. You may, in a manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2006 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2006 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2006 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall be made to your estate. You may change or revoke a beneficiary designation at any time provided the change or revocation is filed with the Company.

Appears in 1 contract

Samples: Stock Option Award Agreement (United Community Bancorp)

Beneficiary Designation. You may, in a manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2013 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2013 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2013 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall be made to your estate. You may change or revoke a beneficiary designation at any time provided the change or revocation is filed with the Company.

Appears in 1 contract

Samples: Award Agreement (Polonia Bancorp Inc)

Beneficiary Designation. You may, in a manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2018 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2018 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2018 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall be made to your estate. You may change or revoke a beneficiary designation at any time provided the change or revocation is filed with the Company.

Appears in 1 contract

Samples: Stock Option Award Agreement (Coastal Financial Corp)

Beneficiary Designation. You may, in a the manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 Plan hereunder and to receive any distribution with respect to this Option the Options upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 Plan hereunder is subject to all terms and conditions of this Award Agreement and the 2007 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not no beneficiary has been designated a beneficiary or none survives you, the Option Options may be exercised by the legal representative of your estate, and payment shall be made to your estate. You may change or revoke Subject to the foregoing, a beneficiary designation may be changed or revoked by you at any time provided the change or revocation is filed with the Company.

Appears in 1 contract

Samples: Stock Option Award Agreement (Dennys Corp)

Beneficiary Designation. You may, in a the manner determined by the Committee, designate a beneficiary to exercise your rights under the 2007 2013 Plan and to receive any distribution with respect to this Option upon your death. A beneficiary, legal guardian, legal representative, or other person claiming any rights under the 2007 2013 Plan is subject to all terms and conditions of this Award Agreement and the 2007 2013 Plan, and to any additional restrictions deemed necessary or appropriate by the Committee. If you have not designated a beneficiary or none survives you, the Option may be exercised by the legal representative of your estate, and payment shall will be made to your estate. You may change or revoke a beneficiary designation at any time time, provided the change or revocation is filed with the Company.

Appears in 1 contract

Samples: Award Agreement (Polonia Bancorp Inc)

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