Death of Participant Clause Example from Business Contracts

This example Death of Participant clause appears in 9 contracts from 7 companies

Death of Participant. Any distribution or delivery to be made to the Participant under this Agreement will, if he or she is then deceased, be made to the administrator or executor of his or her estate or, if the Administrator permits, his or her designated beneficiary, unless otherwise required to comply with Applicable Laws. 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 validity of the transfer an...d compliance with any laws or regulations that apply to the transfer. View More Arrow