preferred beneficiary definition

preferred beneficiary means, where the member has no spouse, either of a man or a woman of the opposite or, with effect from April 23, 1998, the same sex to the member who, on the date the member retires, is not married to the member, but has lived with the member in a conjugal relationship for a period of at least 1 year immediately preceding the relevant date or time and who has been designated by the member as such.
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preferred beneficiary. In addition to the description above and for purposes of identifying the parties to License Agreements and the applicable escrow arrangement, the "Preferred Beneficiary" will be the Nortel Networks entity (i.e., Nortel Networks Limited or an Affiliate or Subsidiary) identified in the applicable Depositor Acceptance Form, described in Section 2.1 below.
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preferred beneficiary under a trust means an individual resident in Canada who is a beneficiary under the trust and is the settlor of the trust, the spouse or former spouse of the settlor of the trust, or a child, grandchild or great grandchild of the settlor of the trust, or the spouse of any such person ;”.
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Examples of preferred beneficiary in a sentence

  • However, DSI shall have no obligation in performing this Agreement to recognize any successor or assign of Depositor or Preferred Beneficiary unless DSI receives clear, authoritative and conclusive written evidence of the change of parties.

  • It shall be the responsibility of Depositor and/or Preferred Beneficiary to challenge any such order; provided, however, that DSI does not waive its rights to present its position with respect to any such order.

  • If Exhibit A is applicable, it is to be prepared and signed by Depositor and Preferred Beneficiary.

  • The Deposit Materials may be removed and/or exchanged only on written instructions signed by Depositor and Preferred Beneficiary, or as otherwise provided in this Agreement.

  • DSI will issue to Depositor and Preferred Beneficiary a report profiling the account history at least semi-annually.

  • During the term of this Agreement, Depositor and Preferred Beneficiary shall each have the right to inspect the written records of DSI pertaining to this Agreement.

  • In addition to the deposit inspection, Preferred Beneficiary may elect to cause a verification of the Deposit Materials in accordance with Section 1.6 below.

  • Any copying expense in excess of $300 will be chargeable to Preferred Beneficiary.

  • Preferred Beneficiary shall be obligated to maintain the confidentiality of the released Deposit Materials.

  • If Preferred Beneficiary believes in good faith that a Release Condition has occurred, Preferred Beneficiary may provide to DSI written notice of the occurrence of the Release Condition and a request for the release of the Deposit Materials.


More Definitions of preferred beneficiary

preferred beneficiary means initially, the Preferred Shareholder and each transferee of a transfer of a Preferred Beneficiary’s Beneficial Interest permitted by this Agreement.
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Related to preferred beneficiary

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

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

  • 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.

  • 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.

  • 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.

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

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

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

  • 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.

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

  • 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.

  • Vested Benefits means amounts that are vested or that Executive is otherwise entitled to receive, without the performance by Executive of further services or the resolution of a contingency, under the terms of or in accordance with any investment and savings plan or retirement plan (including any plan providing retiree medical benefits) of the Company or its affiliates, and any ERPs or ESPs related thereto, and any deferred compensation or employee stock purchase plan or similar plan or program of the Company or its affiliates.

  • 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.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • 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.

  • Spouse means, an individual who,

  • 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.

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

  • 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.

  • Annuitant means a person who receives a retirement allowance or a disability allowance;

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

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

  • Registered Benchmark Administrator means that the Underlying is administered by an administrator who is registered in a register pursuant to Article 36 of the Benchmark Regulation as specified in § 2 of the Product and Underlying Data.

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