Beneficiary Or Beneficiaries Definition - Law Insider

Beneficiary or Beneficiaries definitionBeneficiary or Beneficiaries means the person, persons, or legal entities designated by the Participant in the Participant's Deferral Agreement who are entitled to receive payments under the Plan that become payable to such person, persons, or legal entities in the event of the Participant's death. If more than one designated beneficiary survives the Participant, payments shall be made equally, unless otherwise provided in the beneficiary designation. Nothing herein shall prevent the Participant from designatingView SourceBased on 21 documents21Draft with AISplit ViewAI-Powered Contracts

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Get StartedBook a DemoBeneficiary or Beneficiaries means the person, persons, or legal entities designated by the Participant in the Participant’s Deferral Agreement who are entitled to receive payments under the Plan that become payable to such person, persons, or legal entities in the event of the Participant’s death. IfView SourceBased on 15 documents15Draft with AIBeneficiary or Beneficiaries means the person, persons, entity or entities entitled to receive any benefits under this Plan pursuant to the designation of the Participant (or in default of such designation) as provided in Section 5.03 hereof.View SourceBased on 4 documents4Draft with AI

Examples of Beneficiary or Beneficiaries in a sentence

• If there is no effective Beneficiary designation on file at the time of the Participant's death, or if the designated Beneficiary or Beneficiaries have all predeceased such Participant, the payment of any remaining benefits shall be made to the Participant's estate.

• However, the naming of a Beneficiary or Beneficiaries generally will not subject you to gift tax liability.

• Payment will be made to your designated Beneficiary or Beneficiaries or to your estate if there is no surviving Beneficiary.

• This Account must be created in the United States for the exclusive benefit of the Participant or his or her Beneficiary or Beneficiaries.

• Executive, without the consent of any prior Beneficiary, may change his designation of Beneficiary or Beneficiaries at any time or from time to time by submitting to the Company a new designation in writing.

More Definitions of Beneficiary or Beneficiaries

Beneficiary or Beneficiaries means the individual or individuals designated on the Application by each Subscriber as a beneficiary to whom or for whom Educational Assistance Payments shall be paid if the requirements of the Plan and the RESP Legislation are satisfied at the time the Educational Assistance Payments are made.View SourceBased on 3 documents3Draft with AIBeneficiary or Beneficiaries means the person or persons, natural or otherwise, designated by a Participant in accordance with the Plan to receive applicable payments in the event of the death of the Participant prior to the Participant's receipt of the entire amount credited to his or her Account.View SourceBased on 3 documents3Draft with AIBeneficiary or Beneficiaries means a third party or parties that Deloitte and the Client agree may obtain access to, benefit and rely on the Deliverables (or any part thereof) on terms and conditions to be agreed to in writing between Deloitte and such third party or parties;View SourceBased on 2 documents2Draft with AIBeneficiary or Beneficiaries means, individually or collectively, as the context may require, Lender, Surety, Borrower and/or any Person that subsequently becomes a lawful Holder; in no event shall Lessee, SELCO or Guarantor ever be deemed to be a "Beneficiary".View SourceBased on 1 documents1Draft with AIBeneficiary or Beneficiaries means any person or persons designated by the Employee in a written instrument signed by the Employee and delivered to the Secretary of the Company to receive amounts payable in accordance with this Agreement in the event of his death. In the absence of such a designation, or if a designated person is not alive or cannot be located at the time payment is to be made, the Employee's estate shall be deemed to be the Employee's Beneficiary.View SourceBased on 1 documents1Draft with AIBeneficiary or Beneficiaries means the Persons (if any) designated as a Beneficiary.View SourceBased on 1 documents1Draft with AIBeneficiary or Beneficiaries means those Beneficiaries and contingent Beneficiaries designated from time to time by a Participant to receive death benefits under the Plan pursuant to Section IX, or, if no such Beneficiary or Beneficiaries are designated, the estate of the Participant. The Participant may change his specified Beneficiaries at any time by filing a new Beneficiary designation in writing with the Administrative Committee.View SourceBased on 1 documents1Draft with AI

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