Common use of Designation of Death Beneficiary Clause in Contracts

Designation of Death Beneficiary. Notwithstanding anything to the contrary contained herein or in the Plan, following the execution of this Award Agreement, you may expressly designate a death beneficiary (the “Beneficiary”) to your interest, if any, in this Award and any underlying shares of Common Stock. You may designate the Beneficiary by completing and executing a designation of beneficiary agreement substantially in the form attached hereto as Annex C (the “Designation of Death Beneficiary”) and delivering an executed copy of the Designation of Beneficiary to the Company. To the extent you do not duly designate a beneficiary who survives your death, your estate will automatically be your death beneficiary.

Appears in 2 contracts

Samples: 2004 Stock Incentive Plan (Asset Acceptance Capital Corp), 2004 Stock Incentive Plan (Asset Acceptance Capital Corp)

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Designation of Death Beneficiary. Notwithstanding anything to the contrary contained herein or in the Plan, following the execution of this Award Agreement, you may expressly designate a death beneficiary (the “Beneficiary”) to your interest, if any, in this Award and any underlying shares of Common Stock. You may designate the Beneficiary by completing and executing a designation of beneficiary agreement substantially in the form attached hereto as Annex C (the “Designation of Death Beneficiary”) and delivering an executed copy of the Designation of Beneficiary to the CompanyCorporation. To the extent you do not duly designate a beneficiary who survives your death, your estate will automatically be your death beneficiary.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Asset Acceptance Capital Corp)

Designation of Death Beneficiary. Notwithstanding anything to the contrary contained herein or in the Plan, following the execution of this Award Agreement, you may expressly designate a death beneficiary (the “Beneficiary”) to your interest, if any, in this Award and any underlying shares of Common StockShares. You may shall designate the Beneficiary by completing and executing a designation of death beneficiary agreement substantially in the form attached hereto as Annex C Exhibit B (the titled “Designation of Death Beneficiary”) and delivering an executed original copy of the Designation of Beneficiary your executed designation form to the Company. To In the extent you do not duly designate absence of a valid death beneficiary who survives your deathdesignation, your estate will automatically be treated as your beneficiary of this Award in the event of your death beneficiarywhile it is outstanding.

Appears in 1 contract

Samples: Great American (Great American Group, Inc.)

Designation of Death Beneficiary. Notwithstanding anything to the contrary contained herein or in the 2007 Plan, following the execution of this Award Agreement, you may expressly designate a death beneficiary (the “Beneficiary”) to your interest, if any, in this Award and any underlying shares of Common StockShares. You may shall designate the Beneficiary by completing and executing a designation of beneficiary agreement substantially in the form attached hereto as Annex Exhibit C (the “Designation of Death Beneficiary”) and delivering an executed copy of the Designation of Beneficiary to the Company. To the extent you do not duly designate a beneficiary who survives your deathyou, your estate will automatically be your death beneficiary.

Appears in 1 contract

Samples: Restricted Share Award Agreement (Centerline Holding Co)

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Designation of Death Beneficiary. Notwithstanding anything to the contrary contained herein or in the Plan, following the execution of this Award Agreement, you may expressly designate a death beneficiary (the “Beneficiary”) to your interest, if any, in this Award and any underlying shares of Common StockShares. You may shall designate the Beneficiary by completing and executing a designation of death beneficiary agreement substantially in the form attached hereto as Annex Exhibit C (the “Designation of Death Beneficiary”) and delivering an executed copy of the Designation of Death Beneficiary to the Company. To In the extent you do not duly designate absence of a valid death beneficiary who survives your deathdesignation, your estate will automatically be treated as your beneficiary of this Award in the event of your death beneficiarywhile it is outstanding.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Capital Trust Inc)

Designation of Death Beneficiary. Notwithstanding anything to the contrary contained herein or in the 2007 Plan, following the execution of this Award Agreement, you may expressly designate a death beneficiary (the “Beneficiary”) to your interest, if any, in this Award and any underlying shares of Common StockShares. You may shall designate the Beneficiary by completing and executing a designation of beneficiary agreement substantially in the form attached hereto as Annex C Exhibit D (the “Designation of Death Beneficiary”) and delivering an executed copy of the Designation of Beneficiary to the Company. To the extent you do not duly designate a beneficiary who survives your deathyou, your estate will automatically be your death beneficiary.

Appears in 1 contract

Samples: Restricted Share Award Agreement (Centerline Holding Co)

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