Common use of Designation of Beneficiary Clause in Contracts

Designation of Beneficiary. (a) Except as may be otherwise required by State law, in the event of the Depositor's death, the balance in the account shall be paid to the beneficiary or beneficiaries designated by the Depositor on a beneficiary designation form acceptable to and filed with the Custodian. The Depositor may change the Depositor's beneficiary or beneficiaries at any time by filing a new beneficiary designation with the Custodian. If no beneficiary designation is in effect, if none of the named beneficiaries survive the Depositor, or if the Custodian cannot locate any of the named beneficiaries after reasonable search, any balance in the account will be payable to the Depositor's estate.

Appears in 26 contracts

Samples: Custodial Agreement, Custodial Agreement, Custodial Agreement

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Designation of Beneficiary. (a) Except as may be otherwise required by State law, in the event of the Depositor's death, the balance in the account shall be paid to the beneficiary or beneficiaries designated by the Depositor on a beneficiary designation form acceptable to and filed with the Custodian. The Depositor may change the Depositor's beneficiary or beneficiaries at any time by filing a new beneficiary designation with the Custodian. If no acceptable beneficiary designation is in effect, if none of the named beneficiaries survive the Depositor, or if the Custodian cannot locate any of the named beneficiaries after reasonable search, any balance in the account will be payable to the Depositor's estate.

Appears in 5 contracts

Samples: Custodial Agreement, Custodial Agreement, Simple Ira

Designation of Beneficiary. (a) Except as may be otherwise required by State law, in the event of the DepositorParticipant's death, the balance in the account shall be paid to the beneficiary or beneficiaries designated by the Depositor Participant on a beneficiary designation form acceptable to and filed with the Custodian. The Depositor Participant may change the DepositorParticipant's beneficiary or beneficiaries at any time by filing a new beneficiary designation with the Custodian. If no beneficiary designation is in effect, if none of the named beneficiaries survive the DepositorParticipant, or if the Custodian cannot locate any of the named beneficiaries after reasonable search, any balance in the account will be payable to the DepositorParticipant's estate.

Appears in 5 contracts

Samples: Simple Ira, Custodial Agreement, Simple Ira

Designation of Beneficiary. (a) Except as may be otherwise required by State state law, in the event of the Depositor's death, the balance in the account shall be paid to the beneficiary beneficiary, or beneficiaries beneficiaries, designated by the Depositor on a beneficiary designation form Beneficiary Designation Form acceptable to to, and filed with with, the Custodian. The Depositor may change the Depositor's beneficiary or beneficiaries at any time by filing a new beneficiary designation Beneficiary Designation Form with the Custodian. If no beneficiary designation is in effect, if none of the named beneficiaries survive the Depositor, Depositor or if the Custodian cannot locate any of the named beneficiaries after reasonable search, any balance in the account will be payable to the Depositor's estate.

Appears in 4 contracts

Samples: Simplified Employee Plan Agreement, Roth Individual Retirement Account, americanira.com

Designation of Beneficiary. (a) Except as may be otherwise required by State law, in the event of the Depositordepositor's death, the balance in the account shall be paid to the beneficiary or beneficiaries designated by the Depositor depositor on a beneficiary designation form acceptable to and filed with the Custodiancustodian. The Depositor depositor may change the Depositordepositor's beneficiary or beneficiaries at any time by filing a new beneficiary designation with the Custodiancustodian. If no acceptable beneficiary designation is in effect, if none of the named beneficiaries survive the Depositordepositor, or if the Custodian custodian cannot locate any of the named beneficiaries after reasonable search, any balance in the account will be payable to the Depositordepositor's estate.

Appears in 3 contracts

Samples: Custodial Agreement, Custodial Agreement, Custodial Agreement

Designation of Beneficiary. (a) Except as may be otherwise required by State law, in the event of the DepositorParticipant's death, the balance in the account shall be paid to the beneficiary or beneficiaries designated by the Depositor Participant on a beneficiary designation form acceptable to and filed with the Custodian. The Depositor Participant may change the DepositorParticipant's beneficiary or beneficiaries at any time by filing a new beneficiary designation with the Custodian. If no beneficiary designation is in effect, if none of the named beneficiaries survive the DepositorParticipant, or if the Custodian cannot locate any of the named beneficiaries after reasonable search, any balance in the account will be payable to the DepositorParticipant's estate.

Appears in 2 contracts

Samples: Custodial Agreement, www.iraresources.com

Designation of Beneficiary. (a) Except as may be otherwise required by State law, in the event of the Depositor's Participant’s death, the balance in the account shall be paid to the beneficiary or beneficiaries designated by the Depositor Participant on a beneficiary designation form acceptable to and filed with the Custodian. The Depositor Participant may change the Depositor's Participant’s beneficiary or beneficiaries at any time by filing a new beneficiary designation with the Custodian. If no beneficiary designation is in effect, if none of the named beneficiaries survive the DepositorParticipant, or if the Custodian cannot locate any of the named beneficiaries after reasonable search, any balance in the account will be payable to the Depositor's Participant’s estate.

Appears in 2 contracts

Samples: content.lincolninvestment.com, content.lincolninvestment.com

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Designation of Beneficiary. (a) Except as may be otherwise required by State law, in the event of the Depositor's death, the balance in the account shall be paid to the beneficiary or beneficiaries designated by the Depositor on a beneficiary designation form acceptable to and filed with the Custodian. The Depositor may change the Depositor's beneficiary or beneficiaries at any time by filing a new beneficiary designation with wit h the Custodian. If no beneficiary designation is in effect, if none of the named beneficiaries survive the Depositor, or if the Custodian cannot locate any of the named beneficiaries after reasonable search, any balance in the account will be payable to the Depositor's estate.

Appears in 1 contract

Samples: www-us.computershare.com

Designation of Beneficiary. (a) Except as may be otherwise required by State law, in the event of the Depositor's death, the balance in the account shall be paid to the beneficiary or beneficiaries designated by the Depositor on a beneficiary designation form acceptable to and filed with the CustodianCustodian or Administrator. The Depositor may change the Depositor's beneficiary or beneficiaries at any time by filing a new beneficiary designation with the CustodianCustodian or Administrator. If no beneficiary designation is in effect, if none of the named beneficiaries survive the Depositor, or if the Custodian cannot locate any of the named beneficiaries after reasonable search, any balance in the account will be payable to the Depositor's estate.

Appears in 1 contract

Samples: www.theentrustgroup.com

Designation of Beneficiary. (a) Except as may be otherwise required by State law, in the event of the Depositor's death, the balance in the account shall be paid to the beneficiary or beneficiaries designated by the Depositor on a beneficiary designation form acceptable to and filed with the Custodian. The Depositor may change the Depositor's beneficiary or beneficiaries at any time by filing a new beneficiary designation with the Custodian. If no beneficiary designation is in effect, if none of the named beneficiaries survive the Depositor, or if the Custodian cannot locate any of the named beneficiaries after reasonable search, any balance in the account will be payable to the Depositor's estate.

Appears in 1 contract

Samples: Custody Agreement Waterhouse Securities (National Investors Cash Management Fund Inc)

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