Nominated Beneficiary definition

Nominated Beneficiary means a person nominated under Article 63 or (where the context so requires) a previous provision to the like effect;

Nominated Beneficiary means a beneficiary nominated by the Contract Holder to receive the Death Benefit subject to the provisions of Clause 20.

Nominated Beneficiary means any individual or corporation named in a signed expression of wish relating to the disposal of any sum to be held upon the discretionary trusts, as referred to in paragraph (e) of the definition of "discretionary trusts", who is neither a relative nor a dependant of the individual expressing the wish.

Examples of Nominated Beneficiary in a sentence

• Nominated Beneficiaries shall be deemed to be Creditors for the purposes of this Deed, provided that the Crown’s liability to a Nominated Beneficiary shall be limited to the amount (if any) specified in or determined in accordance with the relevant Nomination.

• As soon as practicable after becoming aware that a Person has become a Nominated Beneficiary, the Principal Debtor shall pay to the Crown such additional amount/s (if any) as would have been payable by it under this clause 3 had that Person been a Nominated Beneficiary on the terms of the relevant Nomination (and this Deed been in effect) on the Announcement Date.

• Nominated Beneficiary means, at any time, a Person who has been designated as a “Nominated Beneficiary” under, and at that time remains a “Nominated Beneficiary” in accordance with, a Nomination.

• In such a situation the Company will endeavour to contact the Contract Holder or Nominated Beneficiary by any reasonable means available at the time.

• Where a person is a Good Leaver due to a Special Circumstance, the Nominated Beneficiary shall be entitled to benefit from any exercise of the above discretionary powers by the Board.

More Definitions of Nominated Beneficiary

Nominated Beneficiary means a person who has been nominated by a Member to receive payments following the Member's death pursuant to an optional method of payment described in Section 4.03. The designation of Nominated Beneficiary shall be in writing and notarized, and shall be effective upon receipt by the System.

Nominated Beneficiary means one or more beneficiaries nominated by the Contract Holder in the “Beneficiary Nomination Form” prescribed by the Company to receive the applicable Contract Benefit.

Nominated Beneficiary means, at any time, a Person who has been designated as a “Nominated Beneficiary” under, and at that time remains a “Nominated Beneficiary” in accordance with, a Nomination.

Nominated Beneficiary means the beneficiary nominated by the Principal Member to receive the Benefits;

Nominated Beneficiary means the person nominated by the Principal Insured to receive the benefits of this Policy on the Death of the Principal Insured. Where a Beneficiary nomination is not received, the Principal Insured agrees that the Claimant will be the Nominated Beneficiary. The Principal Insured is the Nominated Beneficiary in respect of the Death of a Dependant;

Nominated Beneficiary means a beneficiary nominated by the Contract Holder to receive the Death Benefit (as described in Clause 22) subject to the provisions of Clause 21.

Nominated Beneficiary means a Dependant or other person nominated in writing by the Member under clause 12;