No Beneficiary Designation. If the Employee dies without a valid designation of Beneficiary, or if all designated Beneficiaries predecease the Employee, then the Employee’s surviving spouse shall be the designated Beneficiary. If the Employee has no surviving spouse, the benefits shall be made payable to the personal representative of the Employee’s estate.
Appears in 9 contracts
Samples: Salisbury Bank and Trust Company (Salisbury Bancorp, Inc.), Salisbury Bank and Trust Company (Salisbury Bancorp, Inc.), Salisbury Bank and Trust Company (Salisbury Bancorp, Inc.)
No Beneficiary Designation. If the Employee Participant dies without a valid designation of BeneficiaryBeneficiary designation, or if all designated Beneficiaries predecease the EmployeeParticipant, then the EmployeeParticipant’s surviving spouse shall be the designated Beneficiary. If the Employee Participant has no surviving spouse, the benefits any benefit shall be made payable paid to the personal representative of the EmployeeParticipant’s estate.
Appears in 9 contracts
Samples: Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.)
No Beneficiary Designation. If the Employee dies without a valid designation of Beneficiary, or if all designated Beneficiaries predecease the Employee, then the Employee’s surviving spouse shall be the designated Beneficiary. If the Employee has no also dies without a surviving spouse, the benefits shall be made payable to the personal representative of the Employee’s estate.
Appears in 8 contracts
Samples: Split Dollar Life Insurance Agreement (Square 1 Financial Inc), Split Dollar Life Insurance Agreement (Square 1 Financial Inc), Split Dollar Life Insurance Agreement (Square 1 Financial Inc)
No Beneficiary Designation. If In the Employee dies without a valid designation absence of Beneficiaryan effective Beneficiary designation, or if all designated Beneficiaries predecease the Employee, then the Employee’s surviving spouse shall Death Benefit will be the designated Beneficiary. If the Employee has no surviving spouse, the benefits shall be made payable paid to the personal representative of the Employee’s 's estate.
Appears in 6 contracts
Samples: Death Benefit Agreement (Barrett Business Services Inc), Death Benefit Agreement (Barrett Business Services Inc), Benefit Agreement (Barrett Business Services Inc)
No Beneficiary Designation. If In the Employee dies without a valid designation absence of Beneficiaryan effective Beneficiary designation, or if all designated Beneficiaries predecease the Employee, then the Employee’s surviving spouse shall Death Benefit will be the designated Beneficiary. If the Employee has no surviving spouse, the benefits shall be made payable paid to the personal representative of the Employee’s estate.
Appears in 4 contracts
Samples: Death Benefit Agreement (Barrett Business Services Inc), Death Benefit Agreement (Barrett Business Services Inc), Death Benefit Agreement (Barrett Business Services Inc)
No Beneficiary Designation. If the Employee dies without a valid designation of Beneficiarybeneficiary, or if all designated Beneficiaries predecease the Employee, then the Employee’s surviving spouse shall be the designated Beneficiary. If the Employee has no surviving spouse, the benefits shall be made payable to the personal representative of the Employee’s 's estate.
Appears in 3 contracts
Samples: Dollar Life Insurance Agreement (SBT Bancorp, Inc.), Dollar Life Insurance Agreement (SBT Bancorp, Inc.), Dollar Life Insurance Agreement (SBT Bancorp, Inc.)
No Beneficiary Designation. If the Employee dies without a valid designation of BeneficiaryBeneficiary designation, or if all designated Beneficiaries predecease the Employee, then the Employee’s surviving spouse shall be the designated Beneficiary. If the Employee has no surviving spouse, the benefits any benefit shall be made payable paid to the personal representative of the Employee’s 's estate.
Appears in 3 contracts
Samples: Deferred Bonus Agreement (Cascade Bancorp), Deferred Bonus Agreement (Cascade Bancorp), Deferred Bonus Agreement (Cascade Bancorp)
No Beneficiary Designation. If the Employee dies without a valid designation of BeneficiaryBeneficiary designation, or if all designated Beneficiaries predecease the Employee, then the Employee’s surviving spouse shall be the designated Beneficiary. If the Employee has no surviving spouse, the benefits any benefit shall be made payable paid to the personal representative of the Employee’s estate.
Appears in 1 contract
Samples: Cascades Deferred Compensation Agreement (Cascade Bancorp)
No Beneficiary Designation. If the Employee dies without a valid designation of Beneficiarybeneficiary, or if all designated Beneficiaries predecease the Employee, then the Employee’s surviving spouse shall be the designated Beneficiary. If the Employee has no surviving spouse, the benefits shall be made payable to the personal representative of the Employee’s estate.
Appears in 1 contract
