Common use of Per Stirpes Clause in Contracts

Per Stirpes. If per stirpes is selected, and any Beneficiaries predecease the Participant, their allocation will be split among their lineal descendants by right of representation. For any Beneficiaries who pre-decease the Participant, their share will be distributed to the Beneficiaryʼs children in equal shares and, if there are no children, their share will be distributed to the Beneficiaryʼs grandchildren in equal shares, and so on. The Custodian shall be authorized to rely on any representation of facts made by the Participant, the executor or administrator of the estate of the Participant, any Beneficiary, the executor Altruist Corp 6 or administrator of the estate of any Beneficiary, or any other person deemed appropriate by the Custodian in determining the identity of unnamed Beneficiaries.

Per Stirpes. If per stirpes is selected, and any Beneficiaries predecease the Participant, their allocation will be split among their lineal descendants by right of representation. For any Beneficiaries who pre-decease the Participant, their share will be distributed to the Beneficiaryʼs children in equal shares and, if there are no children, their share will be distributed to the Beneficiaryʼs grandchildren in equal shares, and so on. The Custodian shall be authorized to rely on any representation of facts made by the Participant, the executor or administrator of the estate of the Participant, any Beneficiary, the executor Altruist Corp 6 or administrator of the estate of any Beneficiary, or any other person deemed appropriate by the Custodian in determining the identity of unnamed Beneficiaries.