Final Remainder Beneficiaries Sample Clauses

Final Remainder Beneficiaries. The Final Remainder Beneficiaries shall be as set forth in Section 12(c) above. Notwithstanding the foregoing, the Final Remainder Beneficiaries will only be entitled to a distribution from the Beneficiary’s IBA after all amounts have been paid to or for the Trust, Trust expenses and Government Reimbursement Claims, if any.
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Final Remainder Beneficiaries. When the Beneficiary dies and if anything remains in the Individual Trust Account after the optional percentages chosen above to be retained by the Trustee for the benefit of other BIAWA Pooled Third Party Special Needs Trust beneficiaries or to be given to the BIAWA general operating account as a charitable donation, the Trust provides that the Account Founder may direct how the funds are to be distributed. The Account Founder directs any such remaining funds are to be distributed as follows:
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Final Remainder Beneficiaries. After all payments have been made from the deceased Beneficiary’s IBA as provided in paragraph 7.a. of this Agreement and Article Six of the Trust, all remaining assets shall be distributed to the Final Remainder Beneficiaries as provided below. If a Final Remainder Beneficiary is deceased at the time of distribution, the funds that would have been distributed to that Final Remainder Beneficiary will instead be distributed to the named contingent beneficiary. If no contingent beneficiary is named, the distribution shall be divided equally among the remaining beneficiaries named in paragraph 7.b., if any. If no other beneficiaries are then living, all remaining assets shall be retained by the Trust. If the Trustee is required to locate Final Remainder Beneficiaries, Grantor agrees that the Trustee may recover its reasonable costs and expenses associated with locating Final Remainder Beneficiaries. If the Trustee is unable to locate any Final Remainder Beneficiary within a reasonable time and after diligent search, he or she shall be deemed to have predeceased the Grantor and the remaining amount shall instead be distributed to the named contingent beneficiary. If no contingent beneficiary is named, the distribution shall be divided equally among the remaining beneficiaries named in paragraph 7.b., if any. If no other beneficiaries are then living, all remaining assets shall be retained by the Trust A Final Beneficiary or Beneficiaries should seek advice about the tax, and any applicable Government Assistance program ramifications of any particular distribution before a distribution is made from the amounts retained in the Trust Beneficiary’s IBA. The Final Remainder Beneficiaries shall be: 🞎 Not Applicable – 100% Retention by Trust was selected above. �� Named Individuals as follows: (Note: The total of all distribution percentages must equal %100) Distribution Percentage: % Name: Address:
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Final Remainder Beneficiaries. When the Beneficiary dies, if anything remains in the Individual Trust Account after the optional percentage chosen above to be retained by the Trustee for the benefit of other XXXXX Xxxxxx First Party Special Needs Trust beneficiaries, and after every state that has provided Medicaid to you has been reimbursed, the Trust provides as follows:
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Final Remainder Beneficiaries. If the Beneficiary dies prior to termination at the age specified in Paragraph V(B) above, the Trust provides as follows:
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Final Remainder Beneficiaries. If any assets have not been retained as surplus Trust property after administration of the deceased Beneficiary’s IBA as provided in paragraphs 12.b and 12.c of this Agreement (and Article 6 of the Master Trust), the remaining assets shall be distributed to the Final Remainder Beneficiaries as provided below.  Not Applicable – 100% Retention by Trust was selected above.  Named Individuals as follows: (Note: The total of all distribution percentages must equal %100) Distribution Percentage: % Name: Address:
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Final Remainder Beneficiaries. If any assets have not been retained as surplus Trust property after administration of the deceased Beneficiary’s IBA as provided in paragraphs 12.b and 12.c of this Agreement (and Article 6 of the Master Trust), the remaining assets shall be distributed to the Final Remainder Beneficiaries as provided below. 🞎 Not Applicable – 100% Retention by Trust was selected above. �� Named Individuals as follows: (Note: The total of all distribution percentages must equal %100) Distribution Percentage: % Name: Address: SSN: Date of Birth: Daytime Phone: Evening Phone: Cell: Fax: E-Mail: If above named beneficiary is deceased, distribute to Contingent Beneficiary, if any: Name: Address: SSN: Date of Birth: Daytime Phone: Evening Phone: Cell: Fax: E-Mail: Special instructions, if any (subject to Trustee approval): Distribution Percentage: % Name: Address:
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Related to Final Remainder 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.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • 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.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Public Benefit It is Reaction Retail’s understanding that the commitments it has agreed to herein, and actions to be taken by Reaction Retail under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Reaction Retail that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Reaction Retail’s failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Reaction Retail is in material compliance with this Settlement Agreement.

  • 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 Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • Basic Benefit Effective January 1, 2008, the basic life insurance benefit will be increased from $15,000 to $18,000 for employees. This shall be the default level of life insurance coverage, which shall be provided at no cost to the employee.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

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