Designation of Beneficiary definition

Designation of Beneficiary means such person(s) or entity whom the Option Holder has designated by a transfer on death or other designation of beneficiary to receive the Holder's Option on the Holder's death in accordance with such procedures established from time to time by the Committee.

Designation of Beneficiary. You may designate a beneficiary on a form acceptable to the Committee, to receive rights under this Stock Award Agreement, in the event of your death. If a beneficiary is not designated, the Award will become part of your estate.

Designation of Beneficiary. The beneficiary shall be the Contract Holder.

Examples of Designation of Beneficiary in a sentence

• I herby acknowledge and consent to the above Designation of beneficiary other than or in addition to, myself as primary beneficiary.

• The accounts of a participating employee under the plan shall not be subject to creditors of the participating employee or the participant’s beneficiary and shall be exempt from execution, attachment, prior assignment, or any other judicial relief, or order for the benefit of creditors or other third persons.c. Designation of beneficiary.

• I hereby acknowledge and consent to the above Designation of beneficiary other than or in addition to myself as primary beneficiary.

• Designation of beneficiary Désignation de bénéficiaires2.1 A change in the designation of a beneficiary in an in- surance contract is deemed to be a disposition of proper- ty for the purpose of this Act.1997, c.

• Section 870.802(b) and (g)(1) are revised to read as follows: § 870.802 Designation of beneficiary.* * * * *(b) A designation of beneficiary must be in writing, signed by the insured individual, and witnessed and signed by 2 people.

More Definitions of Designation of Beneficiary

Designation of Beneficiary or "Designation" shall mean the document executed by a Participant under Section 15.

Designation of Beneficiary means the written designation by the Holder of the person or entity to receive the Holder's options and any related Stock Appreciation Rights and Unlimited Rights upon the Holder's death, which designation shall be on such form as prescribed by the Committee and filed with the General Counsel, the Chief Financial Officer, or the Treasurer of the Company (or such other person as the Committee may designate).

Designation of Beneficiary. The Contract Holder shall name his or her Beneficiary. The Beneficiary may be changed at any time. Changes to a Beneficiary must be submitted to Aetna's Home Office in writing and will not be effective until received and recorded by Aetna.

Designation of Beneficiary. Each Participant shall name a beneficiary.

Designation of Beneficiary or "Designation" shall mean the document executed by a Participant under Article XVII.

Designation of Beneficiary means the naming of a person in a governing in- strument for the purpose of a transfer of moneys or other benefits upon the death of the principal.

Designation of Beneficiary. Each Owner shall name a beneficiary. An unmarried Owner may designate a beneficiary of his or her entire Individual Account if it is accompanied by a consent form which certifies that he or she is unmarried. For a married Owner, the spouse must be the beneficiary of 50% of his or her Individual Account (Qualified Pre-retirement Survivor Xxxxxxx, "QPSA"). Provided, however, if the Owner has attained age 35, he or she may select an alternate beneficiary for the QPSA if the appropriate waiver/spousal consent form is submitted to Aetna. For the balance of the Individual Account, a married Owner may name any beneficiary without obtaining spousal consent. Upon the death of a married Owner, Aetna will disregard the beneficiary named for the QPSA and treat the current spouse as the beneficiary if the current spouse did not consent to the waiver of the QPSA. At the discretion of Aetna, a full surrender may be allowed without spousal consent if the Reserve Value is $3,500 or less. Sum Payable at Death - The Current Value payable under the terms of this section will be reduced by the amount of the accrued interest on any outstanding loan. Aetna will pay the Current Value to the beneficiary when: