Common use of Lost Beneficiary Clause in Contracts

Lost Beneficiary. (i) The Participant and his or her Beneficiaries shall have the obligation to keep the Administrator informed of their current address until such time as all benefits due have been paid. (ii) If a Participant or Beneficiary cannot be located by the Administrator exercising diligence, then, in its sole discretion, the Administrator may presume that the Participant or Beneficiary is deceased for purposes of the Participation Agreement and all unpaid amounts (net of due diligence expenses) owed to the Participant or Beneficiary shall be paid accordingly, or, if a Beneficiary cannot be so located, then such amounts may be forfeited. Any such presumption of death shall be final, conclusive, and binding on all parties.

Lost Beneficiary. (i) The Participant and his or her Beneficiaries shall have the obligation to keep the Administrator informed of their current address until such time as all benefits due have been paid. (ii) If a Participant or Beneficiary cannot be located by the Administrator exercising diligence, then, in its sole discretion, the Administrator may presume that the Participant or Beneficiary is deceased for purposes of the Participation Agreement and all unpaid amounts (net of due diligence expenses) owed to the Participant or Beneficiary shall be paid accordingly, or, if a Beneficiary cannot be so located, then such amounts may be forfeited. Any such presumption of death shall be final, conclusive, and binding on all parties.

Lost Beneficiary. (i) The Participant and his or her Beneficiaries shall have the obligation to keep the Administrator informed of their current address until such time as all benefits due have been paid. (ii) If a Participant or Beneficiary cannot be located by the Administrator exercising diligence, then, in its sole discretion, the Administrator may presume that the Participant or Beneficiary is deceased for purposes of the this Second Amended Participation Agreement and all unpaid amounts (net of due diligence expenses) owed to the Participant or Beneficiary shall be paid accordingly, or, if a Beneficiary cannot be so located, then such amounts may be forfeited. Any such presumption of death shall be final, conclusive, and binding on all parties.

Lost Beneficiary. (ia) The Participant All Participants and his or her Beneficiaries beneficiaries shall have the obligation to keep the Administrator informed of their current address until such time as all benefits due have been paid. (iib) If a Participant or Beneficiary beneficiary cannot be located by the Administrator exercising due diligence, then, in its sole discretion, the Administrator may presume that the Participant or Beneficiary beneficiary is deceased for purposes of the Participation Agreement Plan and all unpaid amounts (net of due diligence expenses) owed to the Participant or Beneficiary beneficiary shall be paid accordingly, accordingly or, if a Beneficiary beneficiary cannot be so located, then such amounts may be forfeitedforfeited in accordance with Section 6.3 hereof. Any such presumption of death shall be final, conclusive, conclusive and binding on all parties.