Multiple Beneficiaries definition

Multiple Beneficiaries. At the ▇▇▇▇ ▇▇▇ owner’s death and where multiple beneficiaries are named, each type of contribution must be allocated to each beneficiary on a pro-rata basis. Thus, for example, if a ▇▇▇▇ ▇▇▇ owner dies when the ▇▇▇▇ ▇▇▇ contains a regular contribution of $2,000, a conver- sion contribution of $6,000 and earnings of $1,000, and the owner leaves his ▇▇▇▇ ▇▇▇ equally to four children, each child will receive one quarter of each type of contribution. Pursuant to the ordering rules, an immediate dis- tribution of $2,000 to one of the children will be deemed to consist of $500 of regular contributions, and $1,500 of conversion contributions.
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Multiple Beneficiaries. If you designate more than one beneficiary on your account (or IRA or Certificate of Deposit), upon the death of the final owner, each surviving beneficiary will be entitled to his or her (or its) equal share of the funds in the account by dividing the amount of the funds by the number of surviving beneficiaries designated and will own those funds without right of survivorship. If a beneficiary dies before you, it is your responsibility to notify us and make any changes.
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Multiple Beneficiaries. (Attach additional sheets if necessary) 1) Name: Address:
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Examples of Multiple Beneficiaries in a sentence

  • Multiple Beneficiaries will share the death benefit proceeds (or any remaining annuity payments) equally, unless otherwise specified.

  • Multiple Beneficiaries — If multiple Beneficiaries are eligible to receive the Death Benefit, each Beneficiary’s portion will be separately accounted for, and the required election as to form of payment must be received from each Beneficiary.

  • The Beneficiary/Coordinator alone is entitled to receive funds from the Commission directly and is obliged, in the case of a Grant Agreement for an Action with Multiple Beneficiaries, to distribute the amounts corresponding to the Co-beneficiaries’ participation in the project with due financial prudence, but without unnecessary delays.

  • The number and period of teaching of guest teachers will meet the requirements indicated in Grant Agreement for an Action with Multiple Beneficiaries.

  • Partners do and perform their respective PuppeTry EMJMD activities in accordance with the requirements specified in this Agreement and the Grant Agreement for an Action with Multiple Beneficiaries.

  • Multiple Beneficiaries will share the distribution proceeds (or any remaining annuity payments) equally, unless otherwise specified.

  • Grant Agreement for an Action with Multiple Beneficiaries - Erasmus Mundus Joint Master Degrees (EMJMD) between the Education, Audiovisual and Culture Executive Agency (EACEA) and the Coordinating Institution (Agreement Number 2018-1481 and Project Number 599274-EPP-1-2018-1-DE-EPPKA1-JMD-MOB) – Annex 2.

  • The Grant Agreement for an Action with Multiple Beneficiaries is concluded between the Commission and more than one beneficiary (the Coordinator and the Co-beneficiaries), all of whom will share contractual and financial responsibility for the implementation of the project.

  • Multiple Beneficiaries - If multiple Beneficiaries are eligible to receive the Death Benefit, each Beneficiary’s portion will be separately accounted for, and the required election as to form of payment must be received from each Beneficiary.