No Beneficiary Designation. If the Participant dies without a valid Beneficiary designation, or if all designated Beneficiaries predecease the Participant, then the Participant’s spouse shall be the designated Beneficiary. If the Participant has no surviving spouse, any benefit shall be paid to the personal representative of the Participant’s estate.
Appears in 9 contracts
Samples: Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.), Performance Driven Plan (First Ulb Corp.)
No Beneficiary Designation. If the Participant Employee dies without a valid Beneficiary designationdesignation of Beneficiary, or if all designated Beneficiaries predecease the ParticipantEmployee, then the ParticipantEmployee’s surviving spouse shall be the designated Beneficiary. If the Participant Employee has no surviving spouse, any benefit the benefits shall be paid made payable to the personal representative of the ParticipantEmployee’s estate.
Appears in 9 contracts
Samples: Salisbury Bank and Trust Company (Salisbury Bancorp, Inc.), Split Dollar Life Insurance Agreement (Wilson Bank Holding Co), Salisbury Bank and Trust Company (Salisbury Bancorp, Inc.)
No Beneficiary Designation. If the Participant Employee dies without a valid Beneficiary designationdesignation of Beneficiary, or if all designated Beneficiaries predecease the ParticipantEmployee, then the ParticipantEmployee’s surviving spouse shall be the designated Beneficiary. If the Participant has no Employee also dies without a surviving spouse, any benefit the benefits shall be paid made payable to the personal representative of the ParticipantEmployee’s estate.
Appears in 8 contracts
Samples: Split Dollar Life Insurance Agreement (Square 1 Financial Inc), Split Dollar Life Insurance Agreement (Square 1 Financial Inc), Split Dollar Life Insurance Agreement (Square 1 Financial Inc)
No Beneficiary Designation. If In the Participant dies without a valid absence of an effective Beneficiary designation, or if all designated Beneficiaries predecease the ParticipantEmployee, then the Participant’s spouse shall be the designated Beneficiary. If the Participant has no surviving spouse, any benefit shall Death Benefit will be paid to the personal representative of the Participant’s Employee's estate.
Appears in 6 contracts
Samples: Death Benefit Agreement (Barrett Business Services Inc), Benefit Agreement (Barrett Business Services Inc), Benefit Agreement (Barrett Business Services Inc)
No Beneficiary Designation. If In the Participant dies without a valid absence of an effective Beneficiary designation, or if all designated Beneficiaries predecease the ParticipantEmployee, then the Participant’s spouse shall be the designated Beneficiary. If the Participant has no surviving spouse, any benefit shall Death Benefit will be paid to the personal representative of the ParticipantEmployee’s estate.
Appears in 4 contracts
Samples: Death Benefit Agreement (Barrett Business Services Inc), Death Benefit Agreement (Barrett Business Services Inc), Death Benefit Agreement (Barrett Business Services Inc)
No Beneficiary Designation. If the Participant Employee dies without a valid Beneficiary designation, or if all designated Beneficiaries predecease the ParticipantEmployee, then the ParticipantEmployee’s spouse shall be the designated Beneficiary. If the Participant Employee has no surviving spouse, any benefit shall be paid to the personal representative of the Participant’s Employee's estate.
Appears in 3 contracts
Samples: Deferred Bonus Agreement (Cascade Bancorp), Deferred Bonus Agreement (Cascade Bancorp), Deferred Bonus Agreement (Cascade Bancorp)
No Beneficiary Designation. If the Participant Employee dies without a valid Beneficiary designationdesignation of beneficiary, or if all designated Beneficiaries predecease the ParticipantEmployee, then the ParticipantEmployee’s surviving spouse shall be the designated Beneficiary. If the Participant Employee has no surviving spouse, any benefit the benefits shall be paid made payable to the personal representative of the Participant’s Employee's estate.
Appears in 3 contracts
Samples: Dollar Life Insurance Agreement (SBT Bancorp, Inc.), Dollar Life Insurance Agreement (SBT Bancorp, Inc.), Dollar Life Insurance Agreement (SBT Bancorp, Inc.)
No Beneficiary Designation. If the Participant Employee dies without a valid Beneficiary designationdesignation of Beneficiary, or if all designated Beneficiaries predecease the ParticipantEmployee, then the ParticipantEmployee’s surviving spouse shall be the designated Beneficiary. If the Participant Employee has no surviving spouse, any benefit the benefits shall be paid made payable to the personal representative of the ParticipantEmployee’s estate. 6.
Appears in 1 contract
Samples: 1 Split Dollar Life Insurance Agreement This Agreement (Customers Bancorp, Inc.)
No Beneficiary Designation. If the Participant Employee dies without a valid Beneficiary designation, or if all designated Beneficiaries predecease the ParticipantEmployee, then the ParticipantEmployee’s spouse shall be the designated Beneficiary. If the Participant Employee has no surviving spouse, any benefit shall be paid to the personal representative of the ParticipantEmployee’s estate.
Appears in 1 contract
Samples: Cascades Deferred Compensation Agreement (Cascade Bancorp)
No Beneficiary Designation. If the Participant Employee dies without a valid Beneficiary designationdesignation of beneficiary, or if all designated Beneficiaries predecease the ParticipantEmployee, then the ParticipantEmployee’s surviving spouse shall be the designated Beneficiary. If the Participant Employee has no surviving spouse, any benefit the benefits shall be paid made payable to the personal representative of the ParticipantEmployee’s estate.
Appears in 1 contract
