Payment to Beneficiary. Payment to a Beneficiary must either: (1) be completed by the end of the calendar year that contains the fifth anniversary of the Participant's death or (2) begin by the end of the calendar year that contains the first anniversary of the Participant's death and be completed within the period of the Beneficiary's life or life expectancy, except that:
Payment to Beneficiary. (a) Subject to the provisions of Article VIII, upon the death of a Participant, such Participant's account balance shall be paid to his designated Beneficiary or if no such Beneficiary is designated or survives the Participant, to the legal representative of such Participant's estate. Such payment shall commence as soon as practicable after the Participant's death and after the Trustee is given such documentation as may be required under the provisions of the Trust Agreement or Custodial Agreement.
Payment to Beneficiary. If a Participant dies before the Participant's entire Individual Account has been paid to him or her, such deceased Participant's Individual Account shall be payable to any surviving Beneficiary designated by the Participant, or, if no Beneficiary survives the Participant, to the Participant's estate.
Payment to Beneficiary. In the event of the death of an employee, the Employer shall pay accumulated wages, vacation pay and any other employee benefits theretofore accrued to the beneficiary or to the estate of the deceased.
Payment to Beneficiary. This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the Executive should die while any amount would still be payable to him hereunder had he continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement, to the Executive’s Beneficiary. If the Executive has not named a Beneficiary, then such amounts shall be paid to the Executive’s devisee, legatee, or other designee, or if there is no such designee, to the Executive’s estate.
Payment to Beneficiary. Upon death of an employee, any unused annual leave and compensatory time shall be paid to the employee's surviving spouse or beneficiary. In the absence of a spouse or beneficiary, any unused vacation and compensatory time shall be paid to the primary beneficiary specified by the employee on the employee's enrollment/beneficiary card for City-provided Life Insurance.
Payment to Beneficiary. On the death of a Participant prior to his or her Payment Date, his or her vested Accrued Benefit shall be paid to the Beneficiary or Beneficiaries designated by the Participant in accordance with the procedure established by the responsible Named Fiduciary. Death of a Participant on or after his or her Payment Date shall result in payment to his or her Beneficiary of whatever death benefit is provided by the form of payment in effect on his or her Payment Date.
Payment to Beneficiary. By delivery of notice in writing to the Company, the Executive may designate a beneficiary to receive her Benefit in the event of the Executive’s death (i) while still employed, or (ii) after a Separation from Service but before payment of the Benefit. In the event of the Executive’s death while still employed, the amount of the Benefit will be determined as though the Executive had experienced a Separation from Service immediately prior to her death. Any beneficiary designation that is duly made will supersede all prior designations. If no designation is duly made, the Executive’s beneficiary will be her spouse or, if the Executive is unmarried at the time of her death, the Executive’s estate.
Payment to Beneficiary. In the case of an Active Participant who dies or an Inactive Participant who dies before benefit commencement, the benefits payable to the Participant’s Beneficiary shall be the vested Account Balance of the Participant’s Account. Except as otherwise provided in this Article VII, a Beneficiary may request that he or she be paid his or her benefits as soon as practicable after the Participant’s death. Until all amounts are distributed hereunder to the Participant’s Beneficiary, the Participant’s Account Balance shall be adjusted for gains or losses occurring after the Participant’s death in accordance with the provisions of the Plan governing the adjustment of Account Balances for other types of distributions.
Payment to Beneficiary. (a) Notwithstanding any payment failure of the Borrower in respect of principal, interest or default interest under the terms of the Loan Agreement, the Bank must ensure the full and timely payment of any amount guaranteed under the ECG to the Beneficiary in order to avoid a claim by the Beneficiary under the ECG against the State.
