Death of Participant Clause Example from Business Contracts

This example Death of Participant clause appears in 14 contracts from 10 companies

Death of Participant. Any distribution or delivery to be made to Participant under this Award Agreement will, if Participant is then deceased, be made to Participant's designated beneficiary, if so allowed by the Administrator in its sole discretion, or if no beneficiary survives Participant, the administrator or executor of Participant's estate. Any such transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validi...ty of the transfer and compliance with any Applicable Laws or regulations pertaining to said transfer. View More Arrow