Specified Beneficiary definition

Specified Beneficiary means a person or entity nominated to receive a residuary benefit in accordance with the procedures set out in clause 4 and Schedule B.
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Specified Beneficiary means an individual who meets the definition of a specified beneficiary for a particular year in relation to a money purchase provision of a registered pension plan as set out in the Income Tax Act.
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Specified Beneficiary means a designated beneficiary of a retired member who is a specified beneficiary under subsection 8506 (8) of the Income Tax Regulations (Canada); (“bénéficiaire déterminé”)
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Examples of Specified Beneficiary in a sentence

  • If, with regard to all or any part of the Donor’s Contribution Balance, the Donor has not made a valid nomination, or if any Specified Beneficiary cannot receive a distribution, the Trustee shall distribute that part of the Donor’s Contribution Balance to the Donor, if living at the end date, or if not living, to the legal personal representative of the Principal Beneficiary.

  • Payments will cease upon the effective date of the transfer of the entire remaining balance to another option, or upon the later of the end of the month in which the Member dies, or, if there is a Specified Beneficiary, the end of the month in which the Specified Beneficiary dies.

  • Public entities are required to provide an opportunity for interested persons, including individuals with disabilities or organizations representing individuals with disabilities, to participate in the self-evaluation process by submitting comments.

  • HYMAN SOFER (‘Mr Sofer’) is a member of the class of beneficiaries in respect of each of the three Settlements referred to in recital A pursuant to Deeds of Addition of a Specified Beneficiary dated 23 August 2006.

  • If the Trust ceases to be a trust issuing Specified Beneficiary Certificates.(2) Upon the occurrence of any of the following events, the Trustee may terminate the Trust by having the Trust delisted from Financial Instruments Exchanges:i.

  • Provided funds remain in your account(s) on your death, a surviving Specified Beneficiary has the right to remain in the Plan and continue periodic payments, or is free to withdraw or transfer any remaining balance out of the Plan as permitted by BC pension legislation.

  • Member Specified Beneficiary HPOPS allows a member to specifically name a beneficiary to receive their pension benefits if there are no statutorily designated beneficiaries at the time of the member’s death.

  • Provided funds remain in your account on your death, a surviving Specified Beneficiary has the right to remain in the Plan and to continue periodic payments, or is free to withdraw or transfer any remaining balance out of the Plan as permitted by Saskatchewan pension legislation.

  • See section C for specific content of the Annual Statement to a Specified Beneficiary.

  • Specified Beneficiaries:A Specified Beneficiary is a nominated person, or a number of persons, who are appointed as beneficiaries.


More Definitions of Specified Beneficiary

Specified Beneficiary means a spouse of a retired member who is designated as a specified beneficiary for the purposes of subsection 8506 (8) of the Income Tax Regulations (Canada); (“bénéficiaire déterminé”)
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Specified Beneficiary means an individual who meets the definition of a Specified Beneficiary for a particular year in relation to a money purchase provision of a registered pension plan as set out in the Income Tax Act. The Specified Beneficiary must be the Spouse of a Member who deceased prior to the beginning of the year and the Member or the Member’s legal representative must have provided the Plan administrator with a written designation of the Specified Beneficiary before the beginning of the year.
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Specified Beneficiary means a designated beneficiary of a retired member who is a specified beneficiary for the purposes of the Income Tax Act (Canada); (“bénéficiaire déterminé”)
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Specified Beneficiary means Bendigo Health and/or any other fund, authority or institution which is named in a resolution made by the trustees pursuant to clause 4.2 hereof.
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Specified Beneficiary. , of a trust at any time, means a person who at that time, either alone or together with persons with whom that person does not deal at arm’s length, has an interest as a beneficiary under the trust with a fair market value that is not less than 25% of the fair market value of all interests as a beneficiary under the trust and for the purpose of determining whether a particular person is a specified beneficiary of a trust,
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Specified Beneficiary means a person who is married, in a civil union, or in a de facto relationship and receives in his or her own right—
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Related to Specified Beneficiary

  • 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.

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

  • 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.

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

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

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

  • 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.

  • 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.

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

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

  • 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.

  • Spouse means, an individual who,

  • Eligible Spouse means a spouse of an Eligible Retiree who satisfies the requirements for eligibility described in the Eligibility section of this document, or an ex-spouse who is an Eligible Spouse with rights to coverage as an Eligible Spouse pursuant to a court order recognized by SHARP. A Spouse must be married to retiree at least one year prior to the effective date of retirement. A Spouse married after the retiree’s effective retirement date is considered a non-eligible spouse for purposes of the Plan. [See “Spouse”]

  • 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.

  • 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.

  • 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.

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • 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.

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

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

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • 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.