Example ContractsClausesbeneficiary designation; changeVariants
Remove:

Beneficiary. Each participant shall have the right, at any time, to designate his or her Beneficiary(ies) (both primary as well as contingent) to receive any benefits payable under the Plan to a beneficiary upon the death of a participant as specified pursuant to [Section 7] above. The Beneficiary designated under the Plan may be the same as or different from the Beneficiary designation under any other plan of the Company in which the participant participates. For purposes of the Plan, “Beneficiary” shall mean one or more persons, trusts, estates or other entities, designated in accordance with this [Section 19], that are entitled to receive benefits under the Plan upon the death of a participant. If a participant fails to designate a Beneficiary or if all designated Beneficiaries predecease the participant or die prior to complete distribution of the participant’s benefits, then the participant’s designated Beneficiary shall be deemed to be his or her surviving spouse. If the participant has no surviving spouse, the benefits remaining under the Plan to be paid to a Beneficiary shall be payable to the executor or personal representative of the participant’s estate.

Beneficiary.10.1Beneficiary. Each participantParticipant shall have the right, at any time, to designate his or her Beneficiary(ies) (both primary as well as contingent) to receive any benefits payable under the Plan to a beneficiary upon the death of such a participant as specified pursuant to [Section 7] above.Participant. The Beneficiary designated under thethis Plan may be the same as or different from the Beneficiary designationdesignated under any other plan of the Companyan Employer in which the participantParticipant participates. For purposes of the Plan, “Beneficiary” shall mean one or more persons, trusts, estates or other entities, designated in accordance with this [Section 19], that are entitled to receive benefits under the Plan upon the death of a participant. If a participant fails to designate a Beneficiary or if all designated Beneficiaries predecease the participant or die prior to complete distribution of the participant’s benefits, then the participant’s designated Beneficiary shall be deemed to be his or her surviving spouse. If the participant has no surviving spouse, the benefits remaining under the Plan to be paid to a Beneficiary shall be payable to the executor or personal representative of the participant’s estate.

Beneficiary. Each participantParticipant shall have the right, at any time, to designate hisa Beneficiary or her Beneficiary(ies) (both primary as well as contingent)Beneficiaries to receive anyreceive, in the event of the Participant’s death, those benefits payable under the Plan to a beneficiary upon the death of a participant as specified pursuant to [Section 7] above.Plan. The BeneficiaryBeneficiary(ies) designated under thethis Plan may be the same as or different from the Beneficiary designation made under any other plan of the Company in which the participant participates. For purposes of the Plan, “Beneficiary” shall mean one or more persons, trusts, estates or other entities, designated in accordance with this [Section 19], that are entitled to receive benefits under the Plan upon the death of a participant. If a participant fails to designate a Beneficiary or if all designated Beneficiaries predecease the participant or die prior to complete distribution of the participant’s benefits, then the participant’s designated Beneficiary shall be deemed to be his or her surviving spouse. If the participant has no surviving spouse, the benefits remaining under the Plan to be paid to a Beneficiary shall be payable to the executor or personal representative of the participant’s estate.Employer.

Beneficiary. Each participantParticipant shall have the right, at any time, to designate hisa Beneficiary or her Beneficiary(ies) (both primary as well as contingent)Beneficiaries to receive anyreceive, in the event of the Participant’s death, those benefits payable under the Plan to a beneficiary upon the death of a participant as specified pursuant to [Section 7] above.Plan. The BeneficiaryBeneficiary(ies) designated under thethis Plan may be the same as or different from the Beneficiary designation made under any other plan of the Company in which the participant participates. For purposes of the Plan, “Beneficiary” shall mean one or more persons, trusts, estates or other entities, designated in accordance with this [Section 19], that are entitled to receive benefits under the Plan upon the death of a participant. If a participant fails to designate a Beneficiary or if all designated Beneficiaries predecease the participant or die prior to complete distribution of the participant’s benefits, then the participant’s designated Beneficiary shall be deemed to be his or her surviving spouse. If the participant has no surviving spouse, the benefits remaining under the Plan to be paid to a Beneficiary shall be payable to the executor or personal representative of the participant’s estate.Employer.

Beneficiary. Each participantParticipant shall have the right, at any time, to designate hisa Beneficiary or her Beneficiary(ies) (both primary as well as contingent)Beneficiaries to receive anyreceive, in the event of the Participant’s death, those benefits payable under the Plan to a beneficiary upon the death of a participant as specified pursuant to [Section 7] above.Plan. The BeneficiaryBeneficiary(is) designated under thethis Plan may be the same as or different from the Beneficiary designation made under any other plan of the Company in which the participant participates. For purposes of the Plan, “Beneficiary” shall mean one or more persons, trusts, estates or other entities, designated in accordance with this [Section 19], that are entitled to receive benefits under the Plan upon the death of a participant. If a participant fails to designate a Beneficiary or if all designated Beneficiaries predecease the participant or die prior to complete distribution of the participant’s benefits, then the participant’s designated Beneficiary shall be deemed to be his or her surviving spouse. If the participant has no surviving spouse, the benefits remaining under the Plan to be paid to a Beneficiary shall be payable to the executor or personal representative of the participant’s estate.Employer.

Beneficiary. Each participantBeneficiary shall havemean the right, at any time, to designate hisperson or her Beneficiary(ies) (both primary as well as contingent)persons designated by the Participant to receive any benefits payable under the Plan to a beneficiary upon the death of a participant as specified pursuant to [Section 7] above. The Beneficiary designated under the Plan may be the same as or different from the Beneficiary designation under any other plan of the Company in which the participant participates. For purposes of the Plan, “Beneficiary” shall mean one or more persons, trusts, estates or other entities, designated in accordance with this [Section 19], that are entitled to receive benefits under the Plan upon the death of a participant.the Participant. If a participantno Beneficiary survives the Participant, or the Participant fails to designate a Beneficiary or if all designated Beneficiaries predeceaseBeneficiary, any benefits payable upon the participant or die prior to complete distributiondeath of the participant’s benefits, then the participant’s designated BeneficiaryParticipant shall be deemed to be his or her surviving spouse. If the participant has no surviving spouse, the benefits remaining under the Plan to be paid to a Beneficiary shall be payable to the executor or personal representative of the participant’Participant’s estate.

Beneficiary.SECTION # Beneficiary Designation. Each participantParticipant shall have the right, at any time, to designate any person, persons, entity or entities as his Beneficiary or her Beneficiary(ies)Beneficiaries (both primary as well as contingent) to receive any benefits payablewhom payment under the Plan to a beneficiary uponshall be paid in the deathevent of a participant as specified pursuant to [Section 7] above. The Beneficiary designated under the Plan may be the same as or different from the Beneficiary designation under any other plan of the Company in which the participant participates. For purposes of the Plan, “Beneficiary” shall mean one or more persons, trusts, estates or other entities, designated in accordance with this [Section 19], that are entitled to receive benefits under the Plan upon thehis death of a participant. If a participant fails to designate a Beneficiary or if all designated Beneficiaries predecease the participant or die prior to complete distribution to the Participant of the participant’s benefits, then the participant’s designated Beneficiary shall be deemed to be his or her surviving spouse. If the participant has no surviving spouse, the benefits remainingdue him under the Plan to be paid to a Beneficiary shall be payable to the executor or personal representative of the participant’s estate.Plan.

Beneficiary. Each participant shall haveBeneficiary” means the right, at any time,person or persons who are designated by a Participant to designate his or her Beneficiary(ies) (both primary as well as contingent) to receive any benefits payable under the Plan to a beneficiary uponon the deathParticipant’s death. In the absence of a participant as specified pursuant to [Section 7] above. The Beneficiary designated under the Plan may be the same as or different from the Beneficiaryany designation under any other plan of the Company in which the participant participates. For purposes of the Plan, “Beneficiary” shall mean one or more persons, trusts, estates or other entities, designated in accordance with this [Section 19], that are entitled to receive benefits under the Plan upon the death of a participant. If a participant fails to designate a Beneficiary or if all the designated Beneficiaries predeceaseshall die before the participantParticipant dies or shall die prior to complete distribution ofbefore all benefits have been paid, the participant’Participant’s benefits, then the participant’s designated Beneficiary shall be deemed to be his or her surviving spouse. IfSpouse, if any, or his or her estate if he is not survived by a Spouse. The Committee may rely upon the participant has no surviving spouse,advice of the benefits remaining under the Plan to be paid to a Beneficiary shall be payableParticipant’s executor or administrator as to the executor or personal representativeidentity of the participant’Participant’s estate.Spouse.

Beneficiary. Each participantBeneficiary shall havemean the right, at any time, to designate hisperson or her Beneficiary(ies) (both primary as well as contingent)persons entitled to receive any benefitsthe distributions, if any, payable under the Plan upon or after a Participant’s death, to such person or persons as such Participant’s Beneficiary. Each Participant may designate a beneficiary uponBeneficiary by filing the proper form with the Committee. A Participant may designate one or more contingent Beneficiaries to receive any distributions after the death of a participant as specified pursuant to [Section 7] above. The Beneficiary designated under the Planprior Beneficiary. A designation shall be effective upon said filing, provided that it is so filed during such Participant’s lifetime, and may be changed from time to time by the same as or different from the Beneficiary designation under any other plan of the Company in which the participant participates. For purposes of the Plan, “Beneficiary” shall mean one or more persons, trusts, estates or other entities, designated in accordance with this [Section 19], that are entitled to receive benefits under the Plan upon the death of a participant. If a participant fails to designate a Beneficiary or if all designated Beneficiaries predecease the participant or die prior to complete distribution of the participant’s benefits, then the participant’s designated Beneficiary shall be deemed to be his or her surviving spouse. If the participant has no surviving spouse, the benefits remaining under the Plan to be paid to a Beneficiary shall be payable to the executor or personal representative of the participant’s estate.Participant.

Beneficiary. Each participantParticipant may designate a Beneficiary (along with alternate beneficiaries) to whom, in the event of the Participant’s death, any benefit is payable hereunder. Each Participant has the right to change any designation of Beneficiary and such change automatically revokes any prior designation. A designation or change of Beneficiary must be in writing on forms supplied by the Committee and any change of Beneficiary shall havenot become effective until filed with the right, atCommittee; provided, however, that the Committee shall not recognize the validity of any time, to designate his or her Beneficiary(ies) (both primary as well as contingent) to receive any benefits payable under the Plan to a beneficiary upondesignation received after the death of the Participant. The interest of any Beneficiary who dies before the Participant shall terminate unless otherwise provided. If a participant as specifiedBeneficiary is not validly designated, or is not living or cannot be found at the date of payment, any amount payable pursuant to [Section 7] above. The Beneficiary designated under thethis Plan may be the same as or different from the Beneficiary designation under any other plan of the Company in which the participant participates. For purposes of the Plan, “Beneficiaryshall mean one or more persons, trusts, estates or other entities, designated in accordance with this [Section 19], that are entitled to receive benefits under the Plan upon the death of a participant. If a participant fails to designate a Beneficiary or if all designated Beneficiaries predecease the participant or die prior to complete distribution of the participant’s benefits, then the participant’s designated Beneficiary shall be deemed to be his or her surviving spouse. If the participant has no surviving spouse, the benefits remaining under the Plan to be paid to a Beneficiarythe Spouse of the Participant if living at the time of payment, otherwise in equal shares to such of the children of the Participant as may be living at the time of payment; provided, however, that if there is no surviving Spouse or child at the time of payment, such payment shall be payablemade to the executor or personal representativeestate of the participant’s estate.Participant.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.