Beneficiary. The Participant shall designate a beneficiary in writing and in such manner as is acceptable to the Executive Vice President and Chief Administrative Officer of Verizon (or his or her designee). Each such designation shall revoke all prior designations by the Participant with respect to the Participants benefits under the Plan and shall be effective only when filed by the Participant with the Company during the Participants lifetime. If the Participant fails to so designate a beneficiary, or if no such designated beneficiary survives the Participant, the Participants beneficiary shall be the Participants estate.
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