Examples of Successor Participant in a sentence
When a Participant dies, the Successor Participant may exercise such rights in accordance with the terms of the Plan.
For exceptions to this generally high level of preservation, see the description of the impact of the 1967 Addition below.
A Successor Participant must furnish proof satisfactory to the Company of his or her right to exercise the Award under the Participant’s will or under the applicable laws of descent and distribution.
Upon the Participant's death, the personal representative or other person entitled to succeed to the rights of the Participant (the "Successor Participant") may exercise such rights.
By adding an individual as a Successor Participant you are not granting them trading authority.
A Successor Participant must furnish proof satisfactory to the Company of his or her right to exercise the Award under the Participant's will or under the applicable laws of descent and distribution.
A Successor Participant (defined below) may be identified for an Account on the Account Application.
Maine law also provides that a deposit to any Account, transfer of that Account to a Successor Participant, designation of a successor Designated Beneficiary of that Account, credit of Program earnings to that Account or distribution from that Account used for the purposes of paying Qualified Higher Education Expenses of the Designated Beneficiary of that Account does not subject that Participant, the estate of that Participant or any Designated Beneficiary to any Maine income or estate tax liability.
The Successor Participant will also be required to complete an Account Application and agree to the terms and conditions of the Participation Agreement.
Must be an individual or trust, not a corporationor joint account.A Successor Participant must be at least 18 years of age and a U.S. resident.Trusts are not eligible to add a SuccessorParticipant.