Designation of Beneficiary. To the extent permitted by the Company, each grantee to whom an Award has been made under the Plan may designate a beneficiary or beneficiaries to exercise any Award or receive any payment under any Award payable on or after the grantee’s death. Any such designation shall be on a form provided for that purpose by the Administrator and shall not be effective until received by the Administrator. If no beneficiary has been designated by a deceased grantee, or if the designated beneficiaries have predeceased the grantee, the beneficiary shall be the grantee’s estate.
Designation of Beneficiary. To the extent permitted by the Company, each grantee to whom an Award has been made under the Plan may designate a beneficiary or beneficiaries to exercise any Award or receive any payment under any Award payable on or after the grantee’s death. Any such designation shall be on a form provided for that purpose by the AdministratorCompany and shall not be effective until received by the Administrator.Company. If no beneficiary has been designated by a deceased grantee, or if the designated beneficiaries have predeceased the grantee, the beneficiary shall be the grantee’s estate.
Designation of Beneficiary. To the extent permitted by the Company,Administrator and valid under applicable law, each grantee to whom an Award has been made under the Plan may designate a beneficiary or beneficiaries to exercise any Award or receive any payment under any Award payable on or after the grantee’s death. Any such designation shall be on a form provided for that purpose by the Administrator and shall not be effective until received by the Administrator. If no beneficiary has been designated by a deceased grantee, or if the designated beneficiaries have predeceased the grantee, the beneficiary shall be the grantee’s estate.estate or legal heirs.
Designation of Beneficiary. ToBeneficiaries. Notwithstanding [Section 14.3(a)], a Grantee may, in the extent permittedmanner determined by the Company, each granteeAdministrator, designate a beneficiary to whom anexercise the rights of the Grantee and to receive any distribution with respect to any Award has been madeupon the Grantees death. A beneficiary, legal guardian, legal representative or other person claiming any rights under the Plan may designate a beneficiary or beneficiariesis subject to exerciseall terms and conditions of the Plan and any Award Agreement applicable to the Grantee, except to the extent the Plan and such Award Agreement otherwise provide, and to any additional restrictions deemed necessary or receive any payment under any Award payable on or after the grantee’s death. Any such designation shall be on a form provided for that purpose by the Administrator and shall not be effective until receivedappropriate by the Administrator. If no beneficiary has been designated or survives the Grantee, payment shall be made to the Grantees estate. Subject to the foregoing, a beneficiary designation may be changed or revoked by a deceased grantee,Grantee at any time, provided the change or ifrevocation is filed with the designated beneficiaries have predeceased the grantee, the beneficiary shall be the grantee’s estate.Administrator.
Designation of Beneficiary. To the extent permitted by the Company, each grantee to whom an Award has been made under the PlanEach Participant may designate a beneficiary or beneficiaries to exercise any Award or receive anya payment under any Award payable on or after the grantee’Participants death. Any such designation shall be on a written or electronic form provided for that purposeapproved by the AdministratorCommittee and shall not be effective until receivedupon its receipt by the Administrator. If no beneficiary has been designatedCompany or an agent selected by a deceased grantee, or if the designated beneficiaries have predeceased the grantee, the beneficiary shall be the grantee’s estate.Company.
Designation of Beneficiary. ToEach Grantee may, with the extent permitted byconsent of the Company, each grantee to whom an Award has been made under the Plan mayCommittee, designate a beneficiaryperson or beneficiariespersons to exercisereceive in the event of his/her death, any Option or Award or receive any payment under any Awardamount payable on or afterpursuant thereto, to which he/she would then be entitled. Such designation will be made upon forms supplied by and delivered to the grantee’s death. Any such designation shallCompany and may be onrevoked in writing. If a form provided for that purpose by the Administrator and shall notGrantee fails effectively to designate a beneficiary, then his/her estate will be effective until received by the Administrator. If no beneficiary has been designated by a deceased grantee, or if the designated beneficiaries have predeceased the grantee, the beneficiary shalldeemed to be the grantee’s estate.beneficiary.
Designation of Beneficiary. To the extent permitted by the Company, each grantee to whom an Award has been made under the PlanEach Participant may designate a beneficiary or beneficiaries to exercisereceive, in the event of such Participant’s death, any Award amounts due to the Participant under the Plan. Each Participant shall have the right to revoke any such designation and to redesignate a beneficiary or receivebeneficiaries by written notice to the Company to such effect. If any payment underParticipant dies without naming a beneficiary or if all of the beneficiaries named by a Participant predecease the Participant, then any Award payable on or afteramounts due to the grantee’s death. Any such designationParticipant shall be onpaid to the Participant’s estate. Prior to a form provided for that purposeParticipant’s death, except as otherwise required by applicable law, any interest, benefit, payment, claim or right of such Participant under the Plan may not be sold, transferred, assigned, pledged, encumbered or hypothecated by the AdministratorParticipant and shall not be effective until received bysubject in any manner to any claims of any creditor of the Administrator. If no beneficiary has been designated by a deceased grantee,Participant or if the designated beneficiaries have predeceased the grantee, the beneficiarybeneficiary, and any attempt to take any such action shall be null and void. During the grantee’s estate.lifetime of a Participant, payment of an Award shall only be made to the Participant.
DesignationBeneficiary. In accordance with the Plan, the Executive, by completing, signing and returning to the Company a "Designation of Beneficiary. ToBeneficiary," shall have the extent permitted by the Company, each granteeright to whom an Award has been made under the Plan may designate a beneficiary or beneficiaries to exercise any Award or receive any payment underof any Award payable on(deferred or afterotherwise) and/or to exercise the grantee’option, remaining unpaid and/or unexercised at Executive's death. Any suchdeath, all in the manner and to the extent set forth in this Agreement. The designation may be changed at any time by written notice delivered to the Company. If no Designation of Beneficiary is made, any Award remaining unpaid or unexercised, in whole or in part, at the time of death of the Executive, shall be on a form provided for that purpose by the Administrator and shall notpaid to, or may be effective until received by the Administrator. If no beneficiary has been designated by a deceased grantee, or if the designated beneficiaries have predeceased the grantee, the beneficiary shall be the grantee’s estate.exercised by, his legal representative. The Executive cannot otherwise transfer any Award.
Designation of Beneficiary. ToNotwithstanding [Section 10.3(a)] hereof, a Participant may, in the extent permittedmanner determined by the Company, each grantee to whom an Award has been made under the Plan mayAdministrator, designate a beneficiary or beneficiaries to exercise the rights of the Participant and to receive any distribution with respect to any Award or receive any payment under any Award payable on or afterupon the grantee’Participant's death. Any such designation shall be on a form provided for that purposeA beneficiary, legal guardian, legal representative, or other person claiming any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Program or Award Agreement applicable to the Participant, except to the extent the Plan, the Program and the Award Agreement otherwise provide, and to any additional restrictions deemed necessary or appropriate by the AdministratorAdministrator. If the Participant is married or a domestic partner in a domestic partnership qualified under Applicable Law and resides in a "community property" state, a designation of a person other than the Participant's spouse or domestic partner, as applicable, as his or her beneficiary with respect to more than fifty percent (50%) of the Participant's interest in the Award shall not be effective until received bywithout the Administrator.prior written or electronic consent of the Participant's spouse or domestic partner. If no beneficiary has been designated or survives the Participant, payment shall be made to the person entitled thereto pursuant to the Participant's will or the laws of descent and distribution. Subject to the foregoing, a beneficiary designation may be changed or revoked by a deceased grantee,Participant at any time provided the change or ifrevocation is delivered to the designated beneficiaries have predeceasedAdministrator prior to the grantee, the beneficiary shall be the grantee’Participant's estate.death.
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