Individual Beneficiary definition

Individual Beneficiary means a natural person designated by the Participant in accordance with Section 7.5 (Beneficiary Designations) to receive all or any portion of the amounts remaining in the Participant’s Accounts at the time of the Participant’s death. “Individual Beneficiary” also means a natural person who is a beneficiary of a trust designated by the Participant in accordance with Section 7.5 (Beneficiary Designations) to receive all or a portion of such amount, provided the trust complies with the requirements of Code Section 401(a)(9) and the regulations promulgated thereunder, including that the trust is irrevocable, the beneficiaries with respect to the trust’s interest in the Participant’s Accounts are identifiable from the trust agreement, and a copy of the trust agreement is provided to the Administrative Committee prior to the date distributions commence to such trust.
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Individual Beneficiary. Any individual who shall be hereafter named of record as Individual Beneficiary, and who shall be co-Beneficiary hereunder to the extent and subject to the limitations described in Section 9.8 hereof.
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Individual Beneficiary means a tribal member or any individual de- scendant, found by the Secretary to be eligible to participate in a plan, who was born on or prior to, and is living on, the approval date of the plan.
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Examples of Individual Beneficiary in a sentence

  • Individual beneficiary names and addresses must be inserted in the letter to enable affected beneficiaries to prove their special rights to Medigap insurers and other Medicare health plans.

  • Individual beneficiary oriented works can be taken up on the lands of Scheduled Castes and Scheduled Tribes, small or marginal farmers or beneficiaries of land reforms or beneficiaries under the Indira Awaas Yojana of the Government of India.

  • Individual beneficiary 1 Title Given name(s) Surname Individual beneficiary 2 Title Given name(s) Surname Individual beneficiary 3 Title Given name(s) Surname Individual beneficiary 4 Title Given name(s) Surname Corporate Beneficiary 1 Company name ACN Corporate Beneficiary 2 Company name ACN Corporate Beneficiary 3 Company name ACN Corporate Beneficiary 4 Company name ACN Now go to 1.3.3.

  • Age of Documents:‌Credit documents must be no more than 120 days old from the date the Note is signed and 120 days for appraisal(s).

  • Individual beneficiary profile (with picture) and proponent ACP profileDOLE Regional/Provincial/Field Office – TSSD5.

  • Monthly and annual subsidy targets achieved.b) Monthly and annual expenditure achieved.c) Cash flow projections achieved.d) Quality of housing products acceptable and to specification.e) Monthly progress reports provided on time by the municipality.f) Individual beneficiary subsidy applications correctly registered on the HSS with correct supporting documentation.

  • Individual beneficiary details per claim are recorded on the principal member record.

  • Agriculture sectorSmall home gardening/fodder production/crop cultivation/ Nursery/Vegetabl e/ Maize/ Banana/ Potato/Sugar Cane/ Betel Leaf/Watermelon/ Basok medicine plantation/dykeplantationOrange-A Sub-project Category-1Use ES format• The ES will be filled by the Individual beneficiary with the facilitation support of the Cluster Facilitator duly identifying the environmental issues of concern.

  • Individual beneficiary requests by use of written correspondence or established VA Form 2346, Veterans Request for Hearing Aid Batteries, and VA Form 2345, Veterans Request for Stump Socks.

  • No option will be given to Individual beneficiary under the group to vary the Payment basis.


More Definitions of Individual Beneficiary

Individual Beneficiary means an individual farmer, herder or entrepreneur, or a group of individual farmers, herders or entrepreneurs who or which carries out a Subproject.
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Individual Beneficiary means a natural person designated by the Participant in accordance with Section 6.3 to receive all or any portion of the amounts remaining in the Participant's Accounts at the time of the Participant's death. "Individual Beneficiary" also means a natural person who is a beneficiary of a trust designated by the Participant in accordance with Section 6.3 to receive all or a portion of such amount, provided the trust complies with the requirements of Code Section 401 (a)(9) and regulations promulgated thereunder.
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Individual Beneficiary means a natural person ---------------------- designated by the Participant in accordance with Section 6.5 to receive all or any portion of the amounts remaining in the Participant's Accounts at the time of the Participant's death. "Individual Beneficiary" also means a natural person who is a beneficiary of a trust designated by the Participant in accordance with Section 6.5 to receive all or a portion of such amount, provided the trust requires that such amounts be paid to the beneficiary in the time and manner that this Plan would require that direct payments be made to an Individual Beneficiary.
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Individual Beneficiary also means a natural person who is a beneficiary of a trust designated by the Participant in accordance with Section 6.5 to receive all or a portion of such amount, provided the trust requires that such amounts be paid to the beneficiary in the time and manner that this Plan would require that direct payments be made to an Individual Beneficiary.
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Individual Beneficiary. Any individual who shall be hereafter named of record as Individual Beneficiary, and who shall be co-Beneficiary hereunder to the extent and subject to the limitations described in Section 9.1 hereof.
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Related to Individual Beneficiary

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Spouse means, an individual who,

  • Beneficiary(ies means the beneficiary(ies) designated by the Participant who are entitled to receive any distributions from the Plan payable upon the death of the Participant.

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Surviving beneficiary or "surviving descendant" means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.

  • land reform beneficiary , in relation to a property, means a person who -

  • Third Party Beneficiary means each of the non-NHS bodies set out in the list attached at Schedule 1, as supplied from time to time by the Authority to the Contractor;

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • Joint Annuitant means the individual specified as such in the Data Pages. The Joint Annuitant must be the spouse of the Annuitant on the Contract Date.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Settlor means a person, including a testator, who creates, or contributes property to, a trust. If more than one person creates or contributes property to a trust, each person is a settlor of the portion of the trust property attributable to that person's contribution except to the extent another person has the power to revoke or withdraw that portion.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.