Right to Designate. Each Participant may designate, upon forms to be furnished by and filed with the Employer, one or more primary Beneficiaries or alternative Beneficiaries to receive all or a specified part of such Participant's account in the event of such Participant's death. The Participant may change or revoke any such designation from time to time without notice to or consent from any Beneficiary, except as provided in Section2.2.6. No such designation, change or revocation shall be effective unless executed by the Participant and received by the Employer during the Participant's lifetime.
Appears in 1 contract
Samples: Adc Telecommunications Inc
Right to Designate. Each Participant may designate, upon forms to be furnished by and filed with the EmployerCommittee, one or more primary Beneficiaries or alternative Beneficiaries to receive all or a specified part of such the Participant's account Vested Total Account in the event of such the Participant's death. The Participant may change or revoke any such designation from time to time without notice to or consent from any Beneficiary, except as provided in Section2.2.6Beneficiary or spouse. No such designation, change or revocation shall be effective unless executed by the Participant and received by the Employer Committee during the Participant's lifetime.
Appears in 1 contract
Samples: Northstar Computer Forms Inc/Mn
Right to Designate. Each Participant may designate, upon forms to be furnished by and filed with the EmployerCommittee, one or more primary Beneficiaries or alternative Beneficiaries to receive all or a specified part of such the Participant's account ’s Vested Account in the event of such the Participant's ’s death. The Participant may change or revoke any such designation from time to time without notice to or consent from any Beneficiary, except as provided in Section2.2.6Beneficiary or spouse. No such designation, change or revocation shall be effective unless executed by the Participant and received by the Employer Committee during the Participant's ’s lifetime.
Appears in 1 contract
Samples: People’s Utah Bancorp Employee Stock Ownership Plan Trust Agreement (People's Utah Bancorp)
Right to Designate. Each Participant may designate, upon forms to be furnished by and filed with the EmployerCommittee, one or more primary Beneficiaries or alternative Beneficiaries to receive all or a specified part of such the Participant's account Vested Account in the event of such the Participant's death. The Participant may change or revoke any such designation from time to time without notice to or consent from any Beneficiary, except as provided in Section2.2.6Beneficiary or spouse. No such designation, change or revocation shall be effective unless executed by the Participant and received by the Employer Committee during the Participant's lifetime.
Appears in 1 contract
Samples: Employee Stock Ownership Plan Trust Agreement (Entegris Inc)