Common use of Designated Beneficiary Clause in Contracts

Designated Beneficiary. In the event of the death of Executive while in the employ of the Company, or at any time thereafter during which amounts remain payable to Executive under Section 5, such payments (other than the right to continuation of welfare benefits) shall thereafter be made to such person or persons as Executive may specifically designate (successively or contingently) to receive payments under this Agreement following Executive's death by filing a written beneficiary designation with the Company during Executive's lifetime. Such beneficiary designation shall be in such form as may be prescribed by the Company and may be amended from time to time or may be revoked by Executive pursuant to written instruments filed with the Company during his lifetime. Beneficiaries designated by Executive may be any natural or legal person or persons, including a fiduciary, such as a trustee or a trust or the legal representative of an estate. Unless otherwise provided by the beneficiary designation filed by Executive, if all of the persons so designated die before Executive on the occurrence of a contingency not contemplated in such beneficiary designation, then the amounts payable under this Agreement shall be paid to Executive's estate.

Appears in 10 contracts

Samples: Employment Agreement (Personnel Group of America Inc), Employment Agreement (Circus Circus Enterprises Inc), Employment Agreement (Circus Circus Enterprises Inc)

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Designated Beneficiary. In the event of the death of Executive while in the employ of the Company, or at any time thereafter during which amounts remain payable to the Executive under Section 54(a) or (c) hereof, such payments (other than the right to continuation of welfare benefits) shall thereafter be made to such person or persons as the Executive may specifically designate (successively or contingently) to receive payments under this Agreement following the Executive's death by filing a written beneficiary designation with the Company during the Executive's lifetime. Such beneficiary designation shall be in such form as may be prescribed by the Company and may be amended from time to time or may be revoked by the Executive pursuant to written instruments filed with the Company during his lifetime. Beneficiaries designated by Executive may be any natural or legal person or persons, including a fiduciary, such as a trustee or a trust or the legal representative of an estate. Unless otherwise provided by the beneficiary designation filed by Executive, if all of the persons so designated die before Executive on the occurrence of a contingency not contemplated in such beneficiary designation, then the amounts amount payable under this Agreement shall be paid to the Executive's estate.

Appears in 7 contracts

Samples: Execution Copy (Physician Partners Inc), Employment Agreement (Physician Partners Inc), Execution Copy (Physician Partners Inc)

Designated Beneficiary. In the event of the death of Executive while in the employ of the Company, or at any time thereafter during which amounts remain payable to Executive under Section 55 above, such payments (other than the right to continuation of welfare benefits) shall thereafter be made to such person or persons as Executive may specifically designate (successively or contingently) to receive payments under this Agreement following Executive's ’s death by filing a written beneficiary designation with the Company during Executive's ’s lifetime. Such Any change in the beneficiary designation shall be in such form as may be reasonably prescribed by the Company and may be amended from time to time or may be revoked by Executive pursuant to written instruments filed with the Company during his Executive’s lifetime. Beneficiaries designated by Executive may be any natural or legal person or persons, including a fiduciary, such as a trustee or of a trust trust, or the legal representative of an estate. Unless otherwise provided by the beneficiary designation filed by Executive, if all of the persons so designated die before Executive on the occurrence of a contingency not contemplated in such beneficiary designation, or if Executive shall have failed to provide such beneficiary designation, then the amounts amount payable under this Agreement shall be paid to Executive's ’s estate.

Appears in 4 contracts

Samples: Employment Agreement (JELD-WEN Holding, Inc.), Employment Agreement (JELD-WEN Holding, Inc.), Employment Agreement (JELD-WEN Holding, Inc.)

Designated Beneficiary. In the event of the death of Executive while in the employ of the Company, or at any time thereafter during which amounts remain payable to Executive under Section 55 above, such payments (other than the right to continuation of welfare benefits) shall thereafter be made to such person or persons as Executive may specifically designate (successively or contingently) to receive payments under this Agreement following Executive's ’s death by filing a written beneficiary designation with the Company during Executive's ’s lifetime. Such Any change in the beneficiary designation shall be in such form as may be reasonably prescribed by the Company and may be amended from time to time or may be revoked by Executive pursuant to written instruments filed with the Company during his lifetime. Beneficiaries designated by Executive may be any natural or legal person or persons, including a fiduciary, such as a trustee or of a trust trust, or the legal representative of an estate. Unless otherwise provided by the beneficiary designation filed by Executive, if all of the persons so designated die before Executive on the occurrence of a contingency not contemplated in such beneficiary designation, or if Executive shall have failed to provide such beneficiary designation, then the amounts amount payable under this Agreement shall be paid to Executive's ’s estate.

Appears in 3 contracts

Samples: Agreement (DXC Technology Co), Employment Agreement (JELD-WEN Holding, Inc.), Indemnification Agreement (DXC Technology Co)

Designated Beneficiary. In the event of the death of Executive while ---------------------- in the employ of the Company, or at any time thereafter during which amounts remain payable to Executive under Section 5this Article IV, such payments (other than the right to continuation of welfare benefits) shall thereafter be made to such person or persons as Executive may specifically designate (successively or contingently) to receive payments under this Agreement following Executive's death by filing a written beneficiary designation with the Company during Executive's lifetime. Such beneficiary designation shall be in such form as may be reasonably prescribed by the Company and may be amended from time to time or may be revoked by Executive pursuant to written instruments filed with the Company during his lifetime. Beneficiaries designated by Executive may be any natural or legal person or persons, including a fiduciary, such as a trustee or of a trust trust, or the legal representative of an estate. Unless otherwise provided by the beneficiary designation filed by Executive, if all of the persons so designated die before Executive on or the occurrence of a contingency not contemplated in such beneficiary designation, or if Executive shall have failed to provide such beneficiary designation, then the amounts amount payable under this Agreement shall be paid to Executive's ' estate.

Appears in 3 contracts

Samples: Employment Agreement (Four Media Co), Employment Agreement (Four Media Co), Employment Agreement (Four Media Co)

Designated Beneficiary. In the event of the death of Executive while in the employ of the Company, or at any time thereafter during which amounts remain payable to Executive under Section SECTION 5, such payments (other than the right to continuation of welfare benefits) shall thereafter be made to such person or persons as Executive may specifically designate (successively or contingently) to receive payments under this Agreement following Executive's death by filing a written beneficiary designation with the Company during Executive's lifetime. Such beneficiary designation shall be in such form as may be prescribed by the Company and may be amended from time to time or may be revoked by Executive pursuant to written instruments filed with the Company during his lifetime. Beneficiaries designated by Executive may be any natural or legal person or persons, including a fiduciary, such as a trustee or a trust or the legal representative of an estate. Unless otherwise provided by the beneficiary designation filed by Executive, if all of the persons so designated die before Executive on the occurrence of a contingency not contemplated in such beneficiary designation, then the amounts payable under this Agreement shall be paid to Executive's estate.

Appears in 2 contracts

Samples: Employment Agreement (Pet Quarters Inc), Employment Agreement (Pet Quarters Inc)

Designated Beneficiary. In the event of the death of Executive while in the employ of the Company, or at any time thereafter during which amounts remain payable to Executive under this Section 54, such payments (other than the right to continuation of welfare benefits) shall thereafter be made to such person or persons as Executive may specifically designate (successively or contingently) to receive payments under this Agreement following Executive's death by filing a written beneficiary designation with the Company during Executive's lifetime. Such beneficiary designation shall be in such form as may be reasonably prescribed by the Company and may be amended from time to time or may be revoked by Executive pursuant to written instruments filed with the Company during his lifetime. Beneficiaries designated by Executive may be any natural or legal person or persons, including a fiduciary, such as a trustee or of a trust trust, or the legal representative of an estate. Unless otherwise provided by the beneficiary designation filed by Executive, if all of the persons so designated die before Executive on the occurrence of a contingency not contemplated in such beneficiary designation, or if Executive shall have failed to provide such beneficiary designation, then the amounts amount payable under this Agreement shall be paid to Executive's estate.

Appears in 2 contracts

Samples: Employment Agreement (Digital Learning), Employment Agreement (Digital Learning)

Designated Beneficiary. In the event of Upon the death of Executive while in the employ of the Company, or at any time thereafter during which amounts remain payable to Executive under Section SECTION 5, such payments (other than the right to continuation of welfare benefits) shall will thereafter be made to such person or persons as Executive may specifically designate (successively or contingently) to receive payments under this Agreement following Executive's death by filing a written beneficiary designation with the Company during Executive's lifetime. Such beneficiary designation shall will be in such form as may be prescribed by the Company and may be amended from time to time or may be revoked by Executive pursuant to written instruments filed with the Company during his Executive's lifetime. Beneficiaries designated by Executive may be any natural or legal person or persons, including a fiduciary, such as a trustee or a trust or the legal representative of an estate. Unless otherwise provided by the beneficiary designation filed by Executive, if all of the persons so designated die before Executive on the occurrence of a contingency not contemplated in such beneficiary designation, then the amounts payable under this Agreement shall will be paid to Executive's estate.

Appears in 2 contracts

Samples: Employment Agreement (Lighten Up Enterprises International Inc), Employment Agreement (Lighten Up Enterprises International Inc)

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Designated Beneficiary. In the event of the death of Executive while in the employ of the Company, or at any time thereafter during which amounts remain payable to Executive under Section 56 above, such payments (other than the right to continuation of welfare benefits) shall thereafter be made to such person or persons as Executive may specifically designate (successively or contingently) to receive payments under this Agreement following Executive's ’s death by filing a written beneficiary designation with the Company during Executive's ’s lifetime. Such beneficiary designation shall be in such form as may be reasonably prescribed by the Company and may be amended from time to time or may be revoked by Executive pursuant to written instruments filed with the Company during his lifetime. Beneficiaries designated by Executive may be any natural or legal person or persons, including a fiduciary, such as a trustee or of a trust trust, or the legal representative of an estate. Unless otherwise provided by the beneficiary designation filed by Executive, if all of the persons so designated die before Executive on the occurrence of a contingency not contemplated in such beneficiary designation, or if Executive shall have failed to provide such beneficiary designation, then the amounts amount payable under this Agreement shall be paid to Executive's ’s estate.

Appears in 2 contracts

Samples: Management Agreement (Computer Sciences Corp), Management Agreement (Computer Sciences Corp)

Designated Beneficiary. In the event of the death of Executive while in the employ of the Companycompany, or at any time thereafter during which amounts remain payable to the Executive under Section 54(a) or (c) hereof, such payments (other than the right to continuation of welfare benefits) shall thereafter be made to such person or persons as the Executive may specifically designate (successively or contingently) to receive payments under this Agreement following the Executive's death by filing a written beneficiary designation with the Company during the Executive's lifetime. Such beneficiary designation shall be in such form as may be prescribed by the Company and may be amended from time to time or may be revoked by the Executive pursuant to written instruments filed with the Company during his lifetime. Beneficiaries designated by Executive may be any natural or legal person or persons, including a fiduciary, such as a trustee or a trust or the legal representative of an estate. Unless otherwise provided by the beneficiary designation filed by Executive, if all of the persons so designated die before Executive on the occurrence of a contingency not contemplated in such beneficiary designation, then the amounts amount payable under this Agreement shall be paid to the Executive's estate.

Appears in 2 contracts

Samples: Employment Agreement (Physician Partners Inc), Employment Agreement (Physician Partners Inc)

Designated Beneficiary. In the event of the death of Executive while ---------------------- in the employ of the Company, or at any time thereafter during which amounts remain payable to Executive under Section 56 above, such payments (other than the right to continuation of welfare benefits) shall thereafter be made to such person or persons as Executive may specifically designate (successively or contingently) to receive payments under this Agreement following Executive's death by filing a written beneficiary designation with the Company during Executive's lifetime. Such beneficiary designation shall be in such form as may be reasonably prescribed by the Company and may be amended from time to time or may be revoked by Executive pursuant to written instruments filed with the Company during his lifetime. Beneficiaries designated by Executive may be any natural or legal person or persons, including a fiduciary, such as a trustee or of a trust trust, or the legal representative of an estate. Unless otherwise provided by the beneficiary designation filed by Executive, if all of the persons so designated die before Executive on the occurrence of a contingency not contemplated in such beneficiary designation, or if Executive shall have failed to provide such beneficiary designation, then the amounts amount payable under this Agreement shall be paid to Executive's estate.

Appears in 1 contract

Samples: Employment Agreement (Computer Sciences Corp)

Designated Beneficiary. In the event of the death of the Executive while in the employ of the Company, or at any time when amounts are then payable or shall thereafter during which amounts remain be payable to the Executive under Section 5the provisions of this Agreement, such payments (other than the right to continuation of welfare benefits) shall thereafter be made to such person or persons as the Executive may specifically designate (successively or contingently) to receive payments under this Agreement following the Executive's death by filing a written beneficiary designation with the Company during the Executive's lifetime. Such beneficiary designation shall be in such form as may be prescribed by the Company and may be amended from time to time or may be revoked by the Executive pursuant to written instruments filed with the Company during his lifetime. Beneficiaries designated by the Executive may be any natural or legal person or persons, including a fiduciary, such as a trustee or of a trust or the legal representative of an estate. Unless otherwise provided by the beneficiary designation filed by the Executive, if all of the persons so designated die before the Executive on the occurrence of a contingency not contemplated in such beneficiary designation, then the amount or amounts payable under this Agreement shall be paid to the Executive's estate.

Appears in 1 contract

Samples: Employment Agreement (Innovacom Inc)

Designated Beneficiary. In the event of the death of Executive while in the employ of the Company, or at any time thereafter during which amounts remain payable to Executive under Section 55 above, such payments (other than the right to continuation of welfare benefits) shall thereafter be made to such person or persons as Executive may specifically designate (successively or contingently) to receive payments under this Agreement following Executive's ’s death by filing a written beneficiary designation with the Company during Executive's ’s lifetime. Such Any change in the beneficiary designation shall be in such form as may be reasonably prescribed by the Company and may be amended from time to time or may be revoked by Executive pursuant to written instruments filed with the Company during his Executive’s lifetime. Beneficiaries designated by Executive may be any natural or legal person or persons, including a fiduciary, such as a trustee or of a trust trust, or the legal representative of an estate. Unless otherwise provided by the beneficiary designation filed by Executive, if all of the persons so designated die before Executive on the occurrence of a contingency not contemplated in such beneficiary designation, or if Executive shall have failed to provide such beneficiary designation, then the amounts amount payable under this Agreement shall be paid to Executive's ’s estate. 9.

Appears in 1 contract

Samples: Employment Agreement This Agreement (JELD-WEN Holding, Inc.)

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