Death of Participant Clause Example from Business Contracts

Death of Participant. Any distribution or delivery to be made to Participant under this Agreement will, if Participant is deceased at the time of such distribution or delivery, be made to the administrator or executor of Participant's estate. Any such administrator or executor 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 and compliance with any applicable laws pertaining to said transfer.