Failure to Designate. If a Participant has failed to designate effectively a Beneficiary to receive the Participant's death benefits under the Plan, or if a Beneficiary previously designated has predeceased the Participant and no alternative designation has become effective, such benefits shall be distributed to the Participant's surviving Spouse, if any, or if no Spouse survives the Participant, to the Participant's estate.
Appears in 2 contracts
Samples: Revlon Employees (Revlon Inc /De/), Cosmetic Center Inc
Failure to Designate. If a Participant Member has failed effectively to designate effectively a Beneficiary to receive the Participant's Member’s death benefits under the Planbenefits, or if a Beneficiary previously designated has predeceased the Participant Member and no alternative designation has become effective, such benefits shall be distributed to the Participant's Member’s surviving Spousespouse, if any, or if no Spouse spouse survives the ParticipantMember, to the Participant's Member’s estate.
Appears in 2 contracts
Samples: Arrow Electronics Inc, Arrow Electronics Inc
Failure to Designate. If a Participant Member has failed effectively to designate effectively a Beneficiary to receive the ParticipantMember's death benefits under the Planbenefits, or if a Beneficiary previously designated has predeceased the Participant Member and no alternative designation has become effective, such benefits shall be distributed to the ParticipantMember's surviving Spousespouse, if any, or if no Spouse spouse survives the ParticipantMember, to the ParticipantMember's estate.
Appears in 1 contract
Samples: Savings Plan (Arrow Electronics Inc)