Direct Beneficiary definition

Direct Beneficiary. XYZ Corporation OWNER XYZ Corporation INSURED Xxxx X. Xxx AGE AND SEX 35 Male-SN POLICY DATE March 1, 1998 POLICY NUMBER 10 000 000 PLAN Flexible Premium SPECIFIED AMOUNT $1,000,000 Variable Life RP.VEL.(0398) Page 3 POLICY NUMBER 10 000 000 SCHEDULE OF MAXIMUM CHARGES The Premium Expense Charge (Section 4.2) is the sum of the following:
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Direct Beneficiary. [ ] Owner [ ] Other - Enter information below: Name Taxpayer ID Number Relationship % --------------------------------------------------------------------------------------------------------------- Name Taxpayer ID Number Relationship % --------------------------------------------------------------------------------------------------------------- Contingent Beneficiary: Name Taxpayer ID Number Relationship % --------------------------------------------------------------------------------------------------------------- Name Taxpayer ID Number Relationship % --------------------------------------------------------------------------------------------------------------- [ ] And all (other) children, including legally adopted children, of the Annuitant as additional Contingent Beneficiaries.
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Direct Beneficiary means nonprofit organizations or community and faith-based organizations that will not receive funding directly but rather receive the goods/services for energy efficiency activities performed/delivered by local energy service providers authorized by the County.
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Examples of Direct Beneficiary in a sentence

  • Class 3A consists of Beta Trust Claims held by the Beta Trust Direct Beneficiary.

  • In case, cash incentive is provided to the individual, Direct Beneficiary Transfer (DBT)10 maybe ensured.

  • Upload all scanned copies of the original Direct Beneficiary Income Field Survey sheets.

  • The Direct Beneficiary share ($70.125million) will be distributed amongst the six beneficiary categories by multiplying their expected % of share of benefits shown in table 11, which is fixed, by their actual performance level.

  • All payment made during the Contract shall be Direct Beneficiary Transfer (DBT) through account payments only.

  • Payment to the contractor shall be made directly by KIIFB through Direct Beneficiary Transfer (DBT) upon certification of completion of the Mile Stones mentioned in this tender by the SPV.

  • Mitigation measures include, among others, adequate staffing with technical specialists at various levels, the use of Direct Beneficiary Transfer for matching grants with installments in the beneficiary’s bank account, the project’s full integration in the Budget Estimation, Allocation and Monitoring System (BEAMS) system, and the use of the state’s Treasury systems for most budget allocations to the accounting centers.

  • Survey Frequency and Other Items Direct Beneficiary – This includes water line extension, sewer line extension, and housing rehab applications.

  • The deductions will not, therefore, be applied to the Greening Payment for permanent grassland.

  • Note: A separate bank account is expected to be opened for NMHS Project as per the provision of Direct Beneficiary Account (DBA) as laid out by the Govt.


More Definitions of Direct Beneficiary

Direct Beneficiary shall have the meaning assigned to such term in Section 2.2(b).
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Related to Direct Beneficiary

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Successor of a beneficiary means a person who succeeds to substantially all of the rights of a beneficiary by operation of law, including a corporation with or into which the beneficiary has been merged or consolidated, an administrator, executor, personal representative, trustee in bankruptcy, debtor in possession, liquidator, and receiver.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Beneficiary(ies means the beneficiary(ies) designated by the Participant who are entitled to receive any distributions from the Plan payable upon the death of the Participant.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Alternate Payee means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a qualified domestic relations order as having a right to receive all, or a portion of, the benefits payable under a Plan with respect to such Participant.

  • Surviving beneficiary or "surviving descendant" means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.

  • Beneficiary form means a registration of a security which indicates the present owner of the security and the intention of the owner regarding the person who will become the owner of the security upon the death of the owner.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • land reform beneficiary , in relation to a property, means a person who -

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • Joint Annuitant means the individual specified as such in the Data Pages. The Joint Annuitant must be the spouse of the Annuitant on the Contract Date.

  • Third Party Beneficiary means each of the non-NHS bodies set out in the list attached at Schedule 1, as supplied from time to time by the Authority to the Contractor;

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Annuity Benefit means a benefit payable by us as described in Part VII.

  • Distributee means an Employee or former Employee. In addition, the Employee's or former Employee's surviving spouse and the Employee's spouse or former spouse who is the alternate payee under a Qualified Domestic Relations Order are considered Distributees with regard to the interest of the spouse or former spouse.

  • Spouse means, an individual who,

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.