Beneficiary

Example Definitions of "Beneficiary"
Beneficiary. Means one or more persons, trusts, estates or other entities, designated in accordance with Section 8, that are entitled to receive benefits under this Plan upon the death of a Participant.
Beneficiary. Means the person or persons, natural or otherwise, designated by a Participant to receive benefits in the event of the Participant's death. A Participant may revoke or change his or her beneficiary designation at any time without the consent of the Beneficiary. To be effective, such designation, revocation or alteration shall be in writing, in a form approved by the Company, and shall be filed with and accepted by the Company. The most... recently dated beneficiary designation form which is validly filed with the Company by a Participant shall revoke all previously dated beneficiary designation forms filed by such Participant. If a Participant fails to designate a Beneficiary or if no Beneficiary designated by the Participant survives the Participant, any remaining payments shall be paid to the Participant's estate. If a Beneficiary dies before receiving all of the payments to which such Beneficiary is entitled, any remaining payments shall be paid to such Beneficiary's estate. View More Arrow
Beneficiary. Shall mean a beneficiary designated in writing by a Participant to receive Change in Control Severance Benefits in accordance with Section 6(d) below, and if no beneficiary is designated by the Participant, then the Participant's estate shall be deemed to be the Participant's designated beneficiary.
Beneficiary. Means the person or persons designated by the Participant on his or her most recent Distribution Option Election Form to receive any death benefits payable under the Plan.
Beneficiary. Unless otherwise specified by the Participant in a written election filed with the Committee upon such form and in such manner as specified by the Committee, the person or persons (if any) effectively designated by the Participant under the Savings Plan (or otherwise determined under the terms of the Savings Plan if no such designation is made) to receive his benefits under the Savings Plan in the event of the Participant's death. In the event that two (2) or more persons are the Participant's... Beneficiary under the Savings Plan, then each such person shall be entitled to receive payment under this Plan in the same proportion as the proportion of benefits such person is entitled to receive under the Savings Plan, provided, however, that if any such person has been designated under the Savings Plan to receive a stated dollar amount, then such amount shall be paid from this Plan (in the priority order set forth below) only to the extent that the Participant's accounts in the Savings Plan are insufficient to pay such amount consistent with the provisions of the Savings Plan. To the extent applicable with respect to a Participant who participated in Plan A, B, and C, amounts paid from this Plan pursuant to the foregoing sentence shall be paid first from Plan A, and to the extent the funds held under Plan A are insufficient, from Plan B, and to the extent the funds held under Plan B are insufficient, from Plan C. Such person or persons designated under the Savings Plan to receive a stated dollar amount shall be otherwise disregarded in determining benefit allocations under this Plan among persons who are the Participant's Beneficiary. View More Arrow
Beneficiary. Means such person or persons or legal entity or entities, including, but not limited to, an organization exempt from federal income tax under section 501(c)(3) of the Code, designated by a Participant or Beneficiary to receive benefits pursuant to the terms of the Plan after such Participant's or Beneficiary's death. If no Beneficiary is designated by the Participant or Beneficiary, or if no Beneficiary survives the Participant or Beneficiary (as the case may be), the Participant's Beneficiary... shall be the Participant's Surviving Spouse if the Participant has a Surviving Spouse and otherwise the Participant's estate, and the Beneficiary of a Beneficiary shall be the Beneficiary's Surviving Spouse if the Beneficiary has a Surviving Spouse and otherwise the Beneficiary's estate. View More Arrow
Beneficiary. Any person, other than an Employee, entitled to receive benefits under this Plan.
Beneficiary. Shall mean the person or persons designated by a Director in accordance with Section 5 hereof to receive benefits under the Plan after the death of the Director
Beneficiary. Means the person, trust or other entity designated by the Director to receive payment under the Plan in the event of the Director's death.
Beneficiary. Means the individual designated by the Participant, on a form acceptable by the Committee, to receive benefits payable under this Plan in the event of the Participant's death. If no Beneficiary is designated, the Participant's Beneficiary shall be his legal spouse, or if the Participant is not married, the Participant's estate. Upon the acceptance by the Committee of a new beneficiary designation form, all Beneficiary designations previously filed shall be canceled. The Committee shall be... entitled to rely on the last beneficiary designation form filed by the Participant and accepted by the Committee prior to his death. View More Arrow
All Definitions