Designation of Beneficiary Clause Example with 23 Variations from Business Contracts
This page contains Designation of Beneficiary clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Designation of Beneficiary. (a) If permitted by the Administrator, a Participant may file a designation of a beneficiary who is to receive any shares of Common Stock and cash, if any, from the Participant's account under the Plan in the event of such Participant's death subsequent to an Exercise Date on which the option is exercised but prior to delivery to such Participant of such shares and cash. In addition, if permitted by the Administrator, a Participant may file a designation of a beneficiary who is to receive any ca...sh from the Participant's account under the Plan in the event of such Participant's death prior to exercise of the option. If a Participant is married and the designated beneficiary is not the spouse, spousal consent will be required for such designation to be effective. (b) Such designation of beneficiary may be changed by the Participant at any time by notice in a form determined by the Administrator. In the event of the death of a Participant and in the absence of a beneficiary validly designated under the Plan who is living at the time of such Participant's death, the 8 Company will deliver such shares and/or cash to the executor or administrator of the estate of the Participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its discretion, may deliver such shares and/or cash to the spouse or to any one or more dependents or relatives of the Participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. (c) All beneficiary designations will be in such form and manner as the Administrator may designate from time to time.View More
Variations of a "Designation of Beneficiary" Clause from Business Contracts
Designation of Beneficiary. (a) If permitted Unless otherwise determined by the Administrator, Committee, a Participant may file a designation of a beneficiary who is to receive any shares of Common Stock and cash, if any, from the Participant's account under the Plan in the event of such Participant's death subsequent to an Exercise Date on which the option is exercised but prior to delivery to such Participant of such shares and cash. In addition, if permitted by the Administrator, a Participant may file a written design...ation of a beneficiary who is to receive any cash from the Participant's account under the this Plan in the event of such Participant's death prior to exercise of a Purchase Date. Such form shall be valid only if it was filed with the option. Company at the prescribed location before the Participant's death. (b) If a Participant is married and authorized by the designated beneficiary is not the spouse, spousal consent will be required for Company, such designation to be effective. (b) Such designation of beneficiary may be changed by the Participant at any time by written notice in a form determined by filed with the Administrator. Company at the prescribed location before the Participant's death. In the event of the death of a Participant and in the absence of a beneficiary validly designated under the this Plan who is living at the time of such Participant's death, the 8 Company will shall deliver such shares and/or cash to the executor or administrator of the estate of the Participant, Participant or if no such executor or administrator has been appointed (to to the knowledge legal heirs of the Company), the Company, in its discretion, may deliver such shares and/or cash to the spouse or to any one or more dependents or relatives of the Participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. (c) All beneficiary designations will be in such form and manner as the Administrator may designate from time to time. Participant. View More
Designation of Beneficiary. (a) If permitted by the Administrator, a 12.1 A Participant may file a written designation of a beneficiary who is to receive any shares a cash refund of Common Stock and cash, the amount, if any, from the Participant's account Contribution Account under the Plan in the event of such Participant's death subsequent to an Exercise Date on which the option at a time when cash is exercised but prior to delivery to such Participant held for his or her account. Disposition of such shares and cash. In ...addition, if permitted by the Administrator, of Common Stock in a Participant may file a designation of a beneficiary who is to receive any cash from Participant's Share Account upon the Participant's account under death shall be in accordance with the Plan in agreement governing the event of such Participant's death prior to exercise of the option. If a Participant is married and the designated beneficiary is not the spouse, spousal consent will be required for such designation to be effective. (b) Such Share Account. 12.2 A designation of beneficiary pursuant to Section 12.1 may be changed by the Participant at any time by notice in a form determined by the Administrator. written notice. In the event of the death of a Participant and in the absence of a valid designation of a beneficiary validly designated under the Plan who is living at the time of such Participant's death, the 8 Company will shall deliver such shares and/or cash to the executor or administrator of the estate of the Participant, or Participant; or, if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, Company in its discretion, may deliver such shares and/or cash to the spouse or to any one or more dependents or relatives of the Participant, or Participant; or, if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. (c) All beneficiary designations will be in such form and manner as the Administrator may designate from time to time.View More
Designation of Beneficiary. (a) If permitted by the Administrator, a Each Participant may will file a designation (using such form or method (including electronic forms) as the Administrator may designate from time to time) of a beneficiary who is to receive any shares of Common Stock and cash, if any, from the Participant's account under the Plan in the event of such Participant's death subsequent to an Exercise Date on which the option is exercised but prior to delivery to such Participant of such shares and cash. In add...ition, if permitted by the Administrator, a Participant may file a designation of a beneficiary who is to receive any cash from the Participant's account under the Plan in the event of such Participant's death prior to exercise of the option. death. If a Participant is married and the designated beneficiary is not the spouse, spousal consent will be required for such designation to be effective. (b) Such designation of beneficiary may be changed by the Participant (and the Participant's spouse, if any) at any time by notice in a form determined by the Administrator. written notice. In the event of the death of a Participant and in the absence of a beneficiary validly designated under the Plan who is living (or in existence) at the time of such Participant's death, the 8 Company will deliver such shares and/or cash to the executor or administrator of the estate of the Participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), Administrator), the Company, in its discretion, may Administrator will deliver such shares and/or cash to the spouse or to any one or more dependents or relatives (or domestic partner, as determined by the 9 Administrator) of the Participant, or if no spouse, dependent or relative spouse (or domestic partner) is known to the Company, Administrator, then to the issue of the Participant, such other person as distribution to be made per stirpes (by right of representation), or if no issue are known to the Company may designate. (c) All beneficiary designations will be Administrator, then to the heirs at law of the Participant determined in such form and manner as the Administrator may designate from time to time. accordance with Section 27. View More
Designation of Beneficiary. (a) If permitted by the Administrator, a Each Participant may will file a designation (using such form or method (including electronic forms) as the Administrator may designate from time to time) of a beneficiary who is to receive any shares of Common Stock and cash, if any, from the Participant's account under the Plan in the event of such Participant's death subsequent to an Exercise Date on which the option is exercised but prior to delivery to such Participant of such shares and cash. In add...ition, if permitted by the Administrator, a Participant may file a designation of a beneficiary who is to receive any cash from the Participant's account under the Plan in the event of such Participant's death prior to exercise of the option. death. If a Participant is married and the designated beneficiary is not the spouse, spousal consent will shall be required for such designation to be effective. (b) Such designation of beneficiary may be changed by the Participant (and the Participant's spouse, if any) at any time by notice in a form determined by the Administrator. written notice. In the event of the death of a Participant and in the absence of a beneficiary validly designated under the Plan who is living (or in existence) at the time of such Participant's death, the 8 Company will shall deliver such shares and/or cash to the executor or administrator of the estate of the Participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), Administrator), the Company, in its discretion, may Administrator shall deliver such shares and/or cash to the spouse or to any one or more dependents or relatives (or domestic partner, as determined by the Administrator) of the Participant, or if no spouse, dependent or relative spouse (or domestic partner) is known to the Company, Administrator, then to the issue of the Participant, such other person as distribution to be made per stirpes (by right of representation), or if no issue are known to the Company may designate. (c) All beneficiary designations will be Administrator, then to the heirs at law of the Participant determined in such form and manner as the Administrator may designate from time to time. accordance with Section 27. View More
Designation of Beneficiary. (a) If permitted by the Administrator, a Each Participant may will file a designation (using such form or method (including electronic forms) as the Administrator may designate from time to time) of a beneficiary who is to receive any shares of Common Stock and cash, if any, from the Participant's account under the Plan in the event of such Participant's death subsequent to an Exercise Date on which the option is exercised but prior to delivery to such Participant of such shares and cash. In add...ition, if permitted by the Administrator, a Participant may file a designation of a beneficiary who is to receive any cash from the Participant's account under the Plan in the event of such Participant's death prior to exercise of the option. death. If a Participant is married and the designated beneficiary is not the spouse, spousal consent will be required for such designation to be effective. (b) Such designation of beneficiary may be changed by the Participant (and the Participant's spouse, if any) at any time by notice in a form determined by the Administrator. written notice. In the event of the death of a Participant and in the absence of a beneficiary validly designated under the Plan who is living (or in existence) at the time of such Participant's death, the 8 Company will deliver such shares and/or cash to the executor or administrator of the estate of the Participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), Administrator), the Company, in its discretion, may Administrator will deliver such shares and/or cash to the spouse or to any one or more dependents or relatives (or domestic partner, as determined by the Administrator) of the Participant, or if no spouse, dependent or relative spouse (or domestic partner) is known to the Company, Administrator, then to the issue of the Participant, such other person as distribution to be made per stirpes (by right of representation), or if no issue are known to the Company may designate. (c) All beneficiary designations will be Administrator, then to the heirs at law of the Participant determined in such form and manner as the Administrator may designate from time to time. accordance with Section 27. View More
Designation of Beneficiary. (a) If permitted by provided in the Administrator, subscription agreement, a Participant may file a written or electronic designation of a beneficiary who is to receive any shares of Common Stock and cash, if any, from the Participant's account under the this Plan in the event of such Participant's death subsequent to an Exercise Date on which the option is exercised end of a Purchase Period but prior to delivery to such Participant him of such shares and cash. In addition, if permitted by the A...dministrator, a Participant may file a written or electronic designation of a beneficiary who is to receive any cash from the Participant's account under the this Plan in the event of such Participant's death prior to exercise of a Purchase Date. Such form shall be valid only if it was filed with the option. If a Participant is married and Company and/or the designated beneficiary is not Third Party Administrator at the spouse, spousal consent will be required for such designation to be effective. prescribed location before the Participant's death. (b) Such designation of beneficiary may be changed by the Participant at any time by written notice in a form determined by filed with the Administrator. Company at the prescribed location before the Participant's death. In the event of the death of a Participant and in the absence of a beneficiary validly designated under the this Plan who is living at the time of such Participant's death, the 8 Company will shall deliver such shares and/or cash to the executor or administrator of the estate of the Participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its discretion, may deliver such shares and/or or cash to the spouse or or, if no spouse is known to the Company, then to any one or more dependents or relatives of the Participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. (c) All beneficiary designations will be in such form and manner as the Administrator may designate from time to time.View More
Designation of Beneficiary. (a) If permitted by the Administrator, a Participant A participant may file a written designation of a beneficiary who is to receive any shares of Common Stock shares and cash, if any, from the Participant's participant's nominal account under the Plan in the event of such Participant's participant's death subsequent to during or after the end of an Exercise Date on which the option is exercised Offering but prior to delivery issuance to such Participant the participant of such shares and cash. ...In addition, if permitted by the Administrator, a Participant may file a designation of a beneficiary who is to receive any cash from the Participant's account under the Plan in the event of such Participant's death prior to exercise of the option. If a Participant is married and the designated beneficiary is not the spouse, spousal consent will be required for such designation to be effective. (b) Such designation of beneficiary may be changed by the Participant participant at any time by notice in a form determined by the Administrator. written notice. In the event of the death of a Participant participant and in the absence of a beneficiary validly designated under the Plan who is living at the time of such Participant's participant's death, the 8 Company will deliver such Common Stock shares and/or and cash to the executor or administrator of the estate of the Participant, participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its sole discretion, may deliver such shares and/or and cash to the spouse or to any one or more dependents or relatives of the Participant, participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. (c) All beneficiary designations will be in such form and manner as the Administrator may designate from time to time.View More
Designation of Beneficiary. (a) If permitted by the Administrator, a Participant a) A participant may file a written designation of a beneficiary who is to receive any shares of Common Stock and cash, if any, from the Participant's participant's account under the this Plan in the event of such Participant's participant's death subsequent to an Exercise Date on which the option is exercised end of a Purchase Period but prior to delivery to such Participant him of such shares and cash. The participant shall deliver along wit...h such designation a written acknowledgment of the participant's spouse, if any, consenting to the designation. In addition, if permitted by the Administrator, a Participant participant may file a written designation of a beneficiary who is to receive any cash from the Participant's participant's account under the this Plan in the event of such Participant's participant's death prior to exercise of the option. If a Participant is married and the designated beneficiary is not the spouse, spousal consent will be required for such designation to be effective. (b) Purchase Date. b) Such designation of beneficiary may be changed by the Participant participant at any time by notice in written notice. The participant shall deliver along with such designation a form determined by written acknowledgment of the Administrator. participant's spouse, if any, consenting to the designation. In the event of the death of a Participant participant and in the absence of a beneficiary validly designated under the this Plan who is living at the time of such Participant's participant's death, the 8 Company will shall deliver such shares and/or or cash to the executor or administrator of the estate of the Participant, participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its discretion, may deliver such shares and/or or cash to the spouse or to any one or more dependents or relatives of the Participant, participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. (c) All beneficiary designations will be in such form and manner as the Administrator may designate from time to time.View More
Designation of Beneficiary. (a) If permitted Unless otherwise determined by the Administrator, Company, a Participant participant may file a written designation of a beneficiary who is to receive any shares of Common Stock Shares and cash, if any, from the Participant's participant's account under the Plan in the event of such Participant's participant's death subsequent to the end of an Exercise Date on which the option is exercised Offering Period but prior to delivery to such Participant him or her of such shares and Sh...ares and/or cash. In addition, if permitted unless otherwise determined by the Administrator, Company, a Participant participant may file a written designation of a beneficiary who is to receive any cash from the Participant's participant's account under the Plan in the event of such Participant's participant's death prior to exercise the Purchase Date of the option. an Offering Period. If a Participant participant is married and the designated beneficiary is not the spouse, spousal consent will shall be required for such designation to be effective. (b) Such Unless otherwise determined by the Company, such designation of beneficiary may be changed by the Participant participant (and his or her spouse, if any) at any time by written notice to the Company in a form determined by manner acceptable to the Administrator. Company. In the event of the death of a Participant participant and in the absence of a beneficiary validly designated under the Plan who is living at the time of such Participant's participant's death, the 8 Company will shall deliver such shares Shares and/or cash to the executor or administrator of the estate of the Participant, participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its discretion, may deliver such shares Shares and/or cash to the spouse or to any one or more dependents or relatives of the Participant, participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. (c) All beneficiary designations will designate or determine to be in such form and manner as the Administrator may designate from time to time. appropriate recipient of the Shares and/or cash under applicable local law. View More
Designation of Beneficiary. (a) If permitted by the Administrator, a Participant A participant may file a written designation of a beneficiary who is to receive any shares of Common Stock and cash, if any, applicable, from the Participant's participant's account under the Plan in the event of such Participant's participant's death subsequent to the end of an Exercise Date on which the option is exercised Offering but prior to delivery to such Participant the participant of such shares and cash. In addition, if permitted by... the Administrator, a Participant participant may file a written designation of a beneficiary who is to receive any cash from the Participant's participant's account under the Plan in the event of such Participant's participant's death prior to exercise of the option. If a Participant is married and the designated beneficiary is not the spouse, spousal consent will be required for such designation to be effective. during an Offering. (b) Such designation of beneficiary may be changed by the Participant participant at any time by written notice in a the form determined prescribed by the Administrator. Company. In the event of the death of a Participant participant and in the absence of a beneficiary validly designated under the Plan who is living (or if an entity, is otherwise in existence) at the time of such Participant's participant's death, the 8 Company will shall deliver such shares and/or cash to the executor or administrator of the estate of the Participant, participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its sole discretion, may deliver such shares and/or cash to the spouse or to any one (1) or more dependents or relatives of the Participant, participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. (c) All beneficiary designations will be in such form and manner as the Administrator may designate from time to time. determine. View More
