Beneficiary or Beneficiaries

Example Definitions of "Beneficiary or Beneficiaries"
Beneficiary or Beneficiaries. A person or persons or other entity designated on a Beneficiary Designation Form by a Participant as allowed in subsection 7(c) to receive a Deferred Benefit. If there is no valid designation by the Participant, or if the designated Beneficiary or Beneficiaries fail to survive the Participant or otherwise fail to take the benefit, the Participant's Beneficiary is the first of the following who survives the Participant: a Participant's spouse (the person legally married to the Participant when... the Participant dies); the Participant's children in equal shares and the Participant's estate. View More
Found in Albemarle Corp contract
Beneficiary or Beneficiaries. A Means a person or persons or other entity designated that a Participant designates on a Beneficiary Designation Form by to receive Benefit payments pursuant to Plan Section 11(h). If a Participant as allowed in subsection 7(c) to receive does not execute a Deferred Benefit. If there is no valid designation by the Participant, Beneficiary Designation Form, or if the designated Beneficiary or Beneficiaries fail to survive the Participant or otherwise fail to take the benefit, Benefit, the... Participant's Beneficiary is or Beneficiaries shall be the first of the following persons who survives survive the Participant: a Participant's spouse (the person legally married to the Participant when the Participant dies); the Participant's children in equal shares and shares. If none of these persons survive the Participant, the Beneficiary shall be the Participant's estate. View More
Found in Dominion Energy contract
View Variation
Beneficiary or Beneficiaries. A person or persons or other entity that a Participant designates on a Beneficiary Designation Form to receive Benefit payments pursuant to Plan Section 7(f)
Found in Capital One Financial contract
All Definitions