Primary Beneficiary Designation Sample Clauses

Primary Beneficiary Designation. I hereby designate such of the following person(s) who shall survive me as my Primary Beneficiary(ies):
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Primary Beneficiary Designation. (See next section for Contingent Beneficiary Designation.)
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Primary Beneficiary Designation. Full Name (Last, First, Middle Intial): Relationship: Date of Birth: Address (Street, City, State Zip): Share %: Primary Beneficiary Designation Full Name (Last, First, Middle Intial): Relationship: Date of Birth: Address (Street, City, State Zip): Share %: Primary Beneficiary Designation Full Name (Last, First, Middle Intial): Relationship: Date of Birth: Address (Street, City, State Zip): Share %: Primary Beneficiary Designation Full Name (Last, First, Middle Intial): Relationship: Date of Birth: Address (Street, City, State Zip): Share %: *** Total Contingency Share % must equal 100% *** Contingent Beneficiary Designation Full Name (Last, First, Middle Intial): Relationship: Date of Birth: Address (Street, City, State Zip): Share %: Contingent Beneficiary Designation Full Name (Last, First, Middle Intial): Relationship: Date of Birth: Address (Street, City, State Zip): Share %: Contingent Beneficiary Designation Full Name (Last, First, Middle Intial): Relationship: Date of Birth: Address (Street, City, State Zip): Share %: *** Total Contingency Share % must equal 100% *** *** Please see the following page for additional guidance. *** GUIDELINES FOR DESIGNATION OF BENEFICIARIES General Please be sure to include the beneficiary’s full name, social security number and relationship to you. Providing this information can help expedite the claim process by making it easier to locate and verify beneficiaries. Minors While you may designate minors as beneficiaries, please note that claim payments may be delayed due to special issues raised by these designations. In the event of a claim and the beneficiary is a minor child, the insurance proceeds will not be released to the minor child. The insurance proceeds may be paid to a duly appointed guardian of the child’s estate. You may wish to consult with an attorney when drafting your beneficiary designation. Trust as Beneficiary You may designate a trust as beneficiary, using the following form: To [name of trustee], trustee of the [name of trust], under a trust agreement dated [date of trust]. If you wish to designate a testamentary trust as beneficiary (i.e., one created by will), please contact the Administrator for the appropriate form(s). You should recognize the possibility that your will, which was intended to create this trust, may not be admitted to probate (because it is lost, contested, or superseded by a later will). Claim payment delays can result if the beneficiary designation doesn’t provide for this...
Sample 1
Primary Beneficiary Designation. The Shares distributable to me under the Agreement shall be paid, in equal portions unless otherwise indicted, to the following Primary Beneficiary(ies) then surviving: Name Relationship Date of Birth Social Security No. Percentage
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Primary Beneficiary Designation. I designate the following individual(s) as Primary Beneficiary(ies) of the assets in this 403(b). Individual’s Name % of Distribution Relationship Date of Birth Social Security Number Contingent Beneficiary Code*
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Related to Primary Beneficiary Designation

  • Beneficiary Designation The Participant may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under this Agreement is to be paid in case of his or her death before he or she receives any or all of such benefit. Each such designation shall revoke all prior designations by the Participant, shall be in a form prescribed by the Company, and will be effective only when filed by the Participant in writing with the Director of Human Resources of the Company during the Participant’s lifetime. In the absence of any such designation, benefits remaining unpaid at the Participant’s death shall be paid to the Participant’s estate.

  • Beneficiary Designations The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

  • Beneficiary Designation: Change The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s death.

  • BENEFICIARY DESIGNATION RIGHTS The Insured (or assignee) shall have the right and power to designate a beneficiary or beneficiaries to receive the Insured’s share of the proceeds payable upon the death of the Insured, and to elect and change a payment option for such beneficiary, subject to any right or interest the Bank may have in such proceeds, as provided in this Agreement.

  • No Beneficiary Designation If the Executive dies without a valid beneficiary designation, or if all designated Beneficiaries predecease the Executive, then the Executive’s spouse shall be the designated Beneficiary. If the Executive has no surviving spouse, the benefits shall be made to the personal representative of the Executive’s estate.

  • 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.

  • Designated Beneficiary The individual who is designated as the Beneficiary under the Plan in accordance with Section 401(a)(9) of the Code and the regulations thereunder.

  • Surviving Spouse The term "Surviving Spouse" shall mean the person, if any, who shall be legally married to the Executive on the date of the Executive's death.

  • No Designated Beneficiary If the Participant dies before the date distributions begin and there is no designated beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death.

  • Designation of Beneficiary The depositor may designate a beneficiary or beneficiaries to receive benefits from the custodial account in the event of the depositor’s death. In the event the depositor has not designated a beneficiary, or if all beneficiaries shall predecease the depositor, the following persons shall take in the order named:

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