Example ContractsClausesbeneficiary designation; changeVariants
Beneficiary Designation; Change
Beneficiary Designation; Change contract clause examples

If a participant has not commenced distribution from the 401(k) Plan prior to his or her death and did not designate a beneficiary under this Plan but has an effective beneficiary designation on file for the 401(k) Plan, the beneficiary designation on file for the 401(k) Plan shall apply to this Plan

Source document

If at the time of a participant’s death (i) the Plan Administrator or its third party vendor is not in possession of a fully effective designation of his Beneficiary under this Plan, or if the designated Beneficiary does not survive the participant, and (ii) the participant has already commenced distribution from the 401(k) Plan prior to his or her death, or the participant does not have an effective beneficiary designation on file for the 401(k) Plan, then the participant’s Beneficiary shall be the person or persons surviving in the first of the following classes in which there is a survivor, share and share equally within the class:

Source document

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.