Beneficiary Name Clause Examples

The Beneficiary Name clause specifies the exact individual or entity entitled to receive benefits, payments, or rights under the agreement. In practice, this clause requires the contract to clearly state the full legal name of the beneficiary, ensuring there is no ambiguity about who is to receive the specified entitlements. By precisely identifying the beneficiary, this clause prevents disputes or confusion over benefit distribution and ensures that contractual obligations are fulfilled to the correct party.
Beneficiary Name. Address:
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Beneficiary Name. Amount of Wire: $ ----------------------- ----------------- Beneficiary Bank: Account Number: ----------------------- ----------------- City and State: ----------------------- Beneficiary Bank Transit (ABA) #: __ __ __ __ __ __ __ __ Beneficiary Bank Code (Swift, Sort, Chip, etc.): (FOR INTERNATIONAL WIRE ONLY) Intermediary Bank: Transit (ABA) #: ----------------------- ------------------ For Further Credit to: ------------------------------------------------------- Special Instruction: ----------------------------------------------------------- By signing below, I (we) acknowledge and agree that my (our) funds transfer request shall be processed in accordance with and subject to the terms and conditions set forth in the agreements(s) covering funds transfer service(s), which agreements(s) were previously received and executed by me (us).
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Beneficiary Name. Guardian Life of the Caribbean Beneficiary Address: #0 Xxxxxxxx Xxxxx, Xxxxxxxxxxxx Beneficiary Account No.: 100004013360602 Until cancellation, expiry or termination of these instructions or this service, the Bank is authorised to debit from the named account the stated amount in the manner specified for application as instructed and the Bank’s usual charges from time to time. It is a condition that debits and payments under these instructions will be made by the Bank only if sufficient funds are available for use in the named account, as at the debit due dates and such debit activity can be facilitated in the account based on the account status. If, as at the debit due dates, the named account contains insufficient funds to satisfy these instructions, then the Bank may in its sole discretion re-attempt these instructions for three (3) consecutive days thereafter. The Bank will not be liable for failure of payment due to insufficient funds in the named account and/or if debit activity is restricted in this account. The named account may be charged an additional fee for each failed instruction (including any re-attempt) in such circumstances and where applicable. The Bank in its sole discretion reserves the right to not process instructions if sufficient funds are not available for use, to also cover the applicable standing order fees/service charges. The undersigned may terminate the standing order by written notice to the Bank, in such form as the Bank may prescribe. If the law where the Bank is located provides that notice given electronically may meet the requirement for written notice if certain conditions are met, the undersigned may provide notice to terminate electronically, provided that the conditions set out in law are met and the Bank agrees to accept notice given electronically. The undersigned understands and agrees that the Bank may terminate the standing order:
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Beneficiary Name. Beijing Red Yellow Blue Technology Development Co., Ltd.
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Related to Beneficiary Name

  • Beneficiary The Participant may file with the Committee a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, amend or revoke such designation.

  • Beneficiary Designations The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

  • Beneficiary Designation The Participant may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under this Agreement is to be paid in case of his or her death before he or she receives any or all of such benefit. Each such designation shall revoke all prior designations by the Participant, shall be in a form prescribed by the Company, and will be effective only when filed by the Participant in writing with the Director of Human Resources of the Company during the Participant’s lifetime. In the absence of any such designation, benefits remaining unpaid at the Participant’s death shall be paid to the Participant’s estate.

  • Designation of Beneficiary The depositor may designate a beneficiary or beneficiaries to receive benefits from the custodial account in the event of the depositor’s death. In the event the depositor has not designated a beneficiary, or if all beneficiaries shall predecease the depositor, the following persons shall take in the order named: a. The spouse of the depositor; b. If the spouse shall predecease the depositor or if the depositor does not have a spouse, then to the depositor’s estate.

  • BENEFICIARY DESIGNATION RIGHTS The Insured (or assignee) shall have the right and power to designate a beneficiary or beneficiaries to receive the Insured’s share of the proceeds payable upon the death of the Insured, and to elect and change a payment option for such beneficiary, subject to any right or interest the Bank may have in such proceeds, as provided in this Agreement.