DESIGNATE YOUR BENEFICIARIES Sample Clauses

DESIGNATE YOUR BENEFICIARIES. Please complete this section to designate your beneficiaries. We will transfer ownership of your IRA to your primary beneficiaries upon your death. Your primary beneficiaries will share equally in your IRA unless you specify different percentages below. If a primary beneficiary predeceases you, his or her share of your IRA shall be divided proportionately among the surviving primary beneficiaries. In addition, we will transfer ownership of your IRA to your contingent beneficiaries only if there are no surviving primary beneficiaries at the time of your death. If this happens, your contingent beneficiaries will share equally in your IRA unless you specify different percentages below. If there are no surviving contingent beneficiaries at the time of your death, we will transfer ownership of your IRA to your estate. All percentages must total 100%.
Sample 1
AutoNDA by SimpleDocs
DESIGNATE YOUR BENEFICIARIES. We will transfer ownership of your XXX to your primary beneficiaries upon your death. Your primary beneficiaries will share equally in your XXX unless you specify different percentages below. If a primary beneficiary predeceases you, his or her share of your XXX shall be divided proportionately among the surviving primary beneficiaries. We will transfer ownership of your XXX to your contingent beneficiaries only if there are no surviving primary beneficiaries at the time of your death. If this happens, your contingent beneficiaries will share equally in your XXX unless you specify different percentages below. If there are no surviving primary or contingent beneficiaries at the time of your death, we will transfer ownership of your XXX to your estate. All percentages must total 100%. Note: If more than one primary and/or contingent beneficiary is designated, and no percentages are indicated, equal percentages totaling 100% will be allocated to each beneficiary. Your choice of beneficiaries will affect their options for taking required minimum distributions after your death. The distribution period for non-spouse beneficiaries is generally limited to 10 years after the year of death. You should consult a tax adviser before choosing your beneficiaries. Primary Beneficiary First Name MI Last Name Social Security Number/ Taxpayer Identification Number Date of Birth (mm/dd/yyyy) Relationship Percentage / / % Primary Beneficiary First Name MI Last Name Social Security Number/ Taxpayer Identification Number Date of Birth (mm/dd/yyyy) Relationship Percentage / / % Contingent Beneficiary First Name MI Last Name Social Security Number/ Taxpayer Identification Number Date of Birth (mm/dd/yyyy) Relationship Percentage / / % Contingent Beneficiary First Name MI Last Name Social Security Number/ Taxpayer Identification Number Date of Birth (mm/dd/yyyy) Relationship Percentage / / % Note: If you reside in a community property state, you may need your spouse’s consent to your beneficiary designation. You may wish to seek legal advice.
Sample 1

Related to DESIGNATE YOUR BENEFICIARIES

  • Intended Beneficiaries Nothing in this Agreement shall be construed to give any person or entity other than the parties hereto any legal or equitable claim, right or remedy. Rather, this Agreement is intended to be for the sole and exclusive benefit of the parties hereto.

  • How do the RMD Rules Impact my Designated Beneficiary or Beneficiaries The RMD rules provide for the determination of your designated beneficiary or beneficiaries as of September 30 of the year following your death. Consequently, any beneficiary may be eliminated for purposes of calculating the RMD by the distribution of that beneficiary’s benefit, through a valid disclaimer between your death and the end of September following the year of your death, or by dividing your IRA account into separate accounts for each of several designated beneficiaries you may have designated.

  • Beneficiaries The Executive may designate one or more persons or entities as the primary and/or contingent beneficiaries of any amounts to be received under this Agreement. Such designation must be in the form of a signed writing acceptable to the Board or the Board's designee. The Executive may make or change such designation at any time.

  • Designated Beneficiary The individual who is designated as the Beneficiary under the Plan and is the designated beneficiary under Section 401(a)(9) of the Internal Revenue Code and Section 1.401(a)(9)-1, Q&A-4, of the Treasury regulations.

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree.

  • Spouse The spouse of an eligible employee (if legally married under Minnesota law). For the purposes of health insurance coverage, if that spouse works full-time for an organization employing more than one hundred (100) people and elects to receive either credits or cash (1) in place of health insurance or health coverage or (2) in addition to a health plan with a seven hundred and fifty dollar ($750) or greater deductible through his/her employing organization, he/she is not eligible to be a covered dependent for the purposes of this Article. If both spouses work for the State or another organization participating in the State's Group Insurance Program, neither spouse may be covered as a dependent by the other, unless one spouse is not eligible for a full Employer Contribution as defined in Section 3A. Effective January 1, 2015 if both spouses work for the State or another organization participating in the State’s Group Insurance Program, a spouse may be covered as a dependent by the other.

  • Superior Benefits Employees receiving benefits and/or wages specified in this Agreement, superior to those provided in this Agreement, shall remain at the superior benefit level which was in effect on the effective date of this Agreement, until such time as such superior benefits are surpassed by the benefits and/or wages provided in succeeding agreements. This provision applies only to employees on staff as of the effective date of this Agreement.

  • Dependents Eligible dependents for the purposes of this Article are as follows:

  • Domestic Partner Benefits An employee seeking to obtain benefit coverage for the employee’s domestic partner and the child(ren) of that domestic partner must satisfy all of VEHI’s current eligibility criteria and submit an affidavit in the format required by XXXX, all as posted on VEHI’s website, to the district business office.

  • Successors, Assigns, and Beneficiaries A. Owner and Engineer are hereby bound and the successors, executors, administrators, and legal representatives of Owner and Engineer (and to the extent permitted by Paragraph 4.01.B the assigns of Owner and Engineer) are hereby bound to the other party to this Agreement and to the successors, executors, administrators, and legal representatives (and said assigns) of such other party, in respect of all covenants, agreements, and obligations of this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.