Remainder beneficiary means a person entitled to receive principal when an income interest ends.
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.
Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).
Spouse means, an individual who,
Successor beneficiary means a person entitled to receive income or principal or to use property when an income interest or other current interest ends.