Beneficiary election. Permits a Beneficiary following the Participant’s death to make change payment elections.
Beneficiary election. If the Participant under Section 6.01(B) had not elected the payment method or payment term, the Participant's Beneficiary must elect the method of distribution no later than the date specified above upon which the Trustee must commence distribution to the Beneficiary. If the Beneficiary fails to elect timely a distribution method, the Plan Administrator must commence distribution within the time required for a Participant who dies without a designated Beneficiary.
Beneficiary election. I hereby designate the following individuals as my “Beneficiary” and I am aware that I can subsequently change such designation in writing by submitting to the Administrator, at any subsequent time, and in substantially the same form hereto, a written designation of the primary and secondary Beneficiaries to whom payment under this Plan shall be made in the event of my death prior to complete distribution of the benefits due and payable under the Plan. I understand that any Beneficiary designation made subsequent to execution of this Joinder Agreement shall become effective only when receipt thereof is acknowledged in writing by the Administrator. PRIMARY BENEFICIARY: SECONDARY BENEFICIARY:
Beneficiary election. Permits a Beneficiary following the Participant’s death to make change payment elections. [ ] (iv)(Specify): (e.g., a Beneficiary may make a change payment election only if the Participant had the right to do so, OR a Participant may make a change payment election only after attaining age 60).
Beneficiary election. The Designated Beneficiary may elect application of the 5-year rule or the Life Expectancy rule. If the Beneficiary does not make a timely election (Select one of (1) or (2)):
Beneficiary election. Primary Beneficiary I hereby designate the following person(s) as primary beneficiary(ies) of my account under the Plan if I should die prior to the liquidation of my account. Name of primary beneficiary Relationship Date of birth Address Percentage Contingent Beneficiary Must equal 100% whole numbers only A contingent beneficiary is the person who would receive your Plan benefits if your primary beneficiaries predecease you. In the event there is no primary beneficiary(ies) at my death, I hereby designate the following person(s) as contingent beneficiary of my account. Name of contingent beneficiary Relationship Date of birth Address Percentage
Beneficiary election. I understand that, in the event of my death, any amount to which I am entitled under the Agreement will be paid to the beneficiary designated by me or, if none, to my surviving spouse or, if none, to my surviving children, or if none, to my estate. I further understand that the last beneficiary designation filed during my lifetime revokes all prior beneficiary designations previously filed by me for purposes of the Agreement. I hereby state: that (insert name) residing at whose Social Security number is - - , is designated as my primary beneficiary. (insert name) residing at whose Social Security number is - - , is designated as my secondary beneficiary. If my secondary beneficiary(ies) are not living at the time of this distribution, then my contingent beneficiary shall be residing at whose Social Security number is - - .
Beneficiary election. See Section 6.02(B)(1)(e). This election applies only if the Beneficiary is a Designated Beneficiary under Treas. Reg. §1.401(a)(9)-4. If not, the 5-year rule applies. In the absence of the Designated Beneficiary’s election, the Life Expectancy rule applies. The Employer in Appendix Bmay elect to change the default (no Designated Beneficiary election) to the 5-year rule. x x
Beneficiary election. I wish to designate the following beneficiary(ies) to receive benefits in the event of my death. I understand that each beneficiary eligible to receive benefits will receive an equal share of benefits under the Plan unless otherwise indicated. Primary Beneficiary (name(s), relationship, address, percentage) Contingent Beneficiary (name(s), relationship, address, percentage)
Beneficiary election. I understand that in the event of my death before I receive the entire amount payable under this Agreement (if any), the remaining amount will be paid in a single sum to the beneficiary designated by me below or, if none or if my designated beneficiary predeceases me, to my most recent beneficiary designated with respect to the group life insurance provided by Xxxxxx Packaging Company. I further understand that the last beneficiary designation filed by me during my lifetime under this Agreement cancels all prior beneficiary designations previously filed by me under this Agreement. I hereby designate _____________ [insert name], residing at __________ [insert address], whose Social Security number is ______________, as my beneficiary. --------------------------------- --------------------------------- Signature of Participant Date ATTEST: ACCEPTED: XXXXXX PACKAGING COMPANY ----------------------------------- By: -------------------------------- Secretary President --------------------------------- Date XXXXXXXX X ---------- ADDITIONAL INFORMATION REQUIRED UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED Type of Agreement This Agreement is a severance pay employee welfare benefit plan. This Agreement is not an employee pension benefit plan. Sponsor The name, address, phone number, and federal employer identification number ("EIN") of the employer sponsoring this Agreement are: Xxxxxx Packaging Company 000 Xxxx Xxxxxxxx Xxxxxx Xxxx, XX 00000 Telephone: 000-000-0000 EIN: 00-0000000 Administrator This Agreement is administered by Xxxxxx Packaging Company. Communications addressed to the Administrator should be sent to the above address. Service of Legal Process The President of Xxxxxx Packaging Company is designated as the agent for service of legal process with respect to this Agreement.
