Example ContractsClausesbeneficiaryVariants
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Designation of Beneficiary. Each Optionee and Grantee may, with the consent of the Committee, designate a person or persons to receive in the event of his/her death, any Option or Award or any amount payable pursuant thereto, to which he/she would then be entitled. Such designation will be made upon forms supplied by and delivered to the Company and may be revoked in writing. If an Optionee or Grantee fails effectively to designate a beneficiary, then his/her estate will be deemed to be the beneficiary.

Designation of Beneficiary. Each Optionee and Grantee may, with the consent of the Committee, designate a person or persons to receive in the event of his/her death, any Option or Award or any amount payable pursuant thereto, to which he/she would then be entitled. Such designation will be made upon forms supplied by and delivered to the Company and may be revoked in writing. If an Optionee ora Grantee fails effectively to designate a beneficiary, then his/her estate will be deemed to be the beneficiary.

Designation of Beneficiary. Each Optionee and Grantee may, with the consent of the Committee,Beneficiary Designation. A Participant may designate a personbeneficiary to receive any Options that may be exercised after death or persons to receive any other Award that may be paid after his death, as provided for in the Award Agreement. Such designation and any change or revocation of such designation shall be made in writing in the form and manner prescribed by the Committee (or its delegee). In the event that the designated beneficiary dies prior to the Participant, or in the event of his/her death,that no beneficiary has been designated, any Option or Award or any amount payable pursuant thereto, to which he/she would then be entitled. Such designation will be made upon forms supplied by and delivered to the Company andAwards that may be revokedexercised or paid following the Participant’s death shall be transferred or paid in writing. If an Optioneeaccordance with the Participant’s will or Grantee fails effectively to designate a beneficiary, then his/her estate will be deemed to be the beneficiary.laws of descent and distribution.

Designation of Beneficiary. Each Optionee and Grantee may, with the consent of the Committee,An Option Holder may designate a personBeneficiary to receive any Options that may be exercised after his death. Such designation and any change or personsrevocation of such designation shall be made in writing in the form and manner prescribed by the Committee. In the event that the designated Beneficiary dies prior to receivethe Option Holder, or in the event of his/her death,that no Beneficiary has been designated, any Options that may be exercised following the Option or Award or any amount payable pursuant thereto, to which he/she would thenHolder's death shall be entitled. Such designation will be made upon forms supplied by and deliveredtransferred to the CompanyOption Holder's estate. If the Option Holder and mayhis or her Beneficiary shall die in circumstances that cause the Committee, in its discretion, to be revoked in writing. If an Optionee or Grantee fails effectivelyuncertain which shall have been the first to designate a beneficiary, then his/her estate willdie, the Option Holder shall be deemed to behave survived the beneficiary.Beneficiary.

Designation of Beneficiary. Each Optionee and Grantee may, with the consent of the Committee,Participant may designate a personbeneficiary or personsbeneficiaries to receive in the event of his/her death,exercise any Option or Award or receive a payment under any amountAward payable pursuant thereto, to which he/she would thenon or after the Participant’s death. Any such designation shall be entitled. Such designation willon a written or electronic form approved by the Committee and shall be madeeffective upon forms suppliedits receipt by and delivered to the Company and may be revoked in writing. Ifor an Optionee or Grantee fails effectively to designate a beneficiary, then his/her estate will be deemed to beagent selected by the beneficiary.Company.

Designation of Beneficiary. Each Optionee and Grantee may, withTo the consent ofextent permitted by the Committee,Company, each grantee to whom an Award has been made under the Plan may designate a personbeneficiary or personsbeneficiaries to receive in the event of his/her death,exercise any Option or Award or receive any amountpayment under any Award payable pursuant thereto, to which he/she would thenon or after the grantee’s death. Any such designation shall be entitled. Such designation will be made upon forms suppliedon a form provided for that purpose by and delivered to the Company and mayshall not be revoked in writing.effective until received by the Company. If an Optioneeno beneficiary has been designated by a deceased grantee, or Grantee fails effectively to designate a beneficiary, then his/her estate will be deemed toif the designated beneficiaries have predeceased the grantee, the beneficiary shall be the beneficiary.grantee’s estate.

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