Designation of Beneficiary Clause Example with 23 Variations from Business Contracts

Designation of Beneficiary. (a) If permitted by the Administrator, a Participant A participant may file a designation of designate 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 an Exercise Date on which the option is exercised end of a Purchase Period but prior to delivery to such Participant him or her of such shares Shares and cash. In addition, if permitte...d by the Administrator, a Participant participant may file a designation of designate a beneficiary who is to receive any cash from the Participant's account under the Plan in the event of such Participant's participant's death prior to exercise of the option. Purchase Date. 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. Beneficiary designations under this Section 14(a) shall be made in the form and in the manner as directed by the Company's Human Resources Department. (b) Such designation of beneficiary may be changed by the Participant participant (and his or her spouse, if any) at any time by written notice in a form determined by the Administrator. accordance with Section 14(a). 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 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 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 the end of an Exercise Date on which the option is exercised Purchase Period but prior to delivery to such Participant him of such shares and cash. In addition, if permitted by the Adminis...trator, 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. Purchase Date. (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 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 14 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 15.1 Unless otherwise determined by the Administrator, a Participant 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 Plan in the event of such Participant's participant's death subsequent to an Exercise Date on which the option is exercised end of the Offering Period but prior to delivery to such Participant him of such shares and cash. In addition, i...f 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 the Exercise Date 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) Offering Period. 0 CYPRESS 15.2 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 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 discretion, may deliver such 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 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 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 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 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. Purchase Date. (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 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 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. Notwithstanding Sections 15(a) and (b) above, the Company and/or the Administrator may decide not to permit such designations by Participants in non-U.S. jurisdictions to the extent permitted by U.S. Treasury Regulation Section 1.423-2(f). 12 16. Transferability. Neither Contributions credited to a Participant's account nor any rights with regard to the exercise of an option or to receive shares of Common Stock under the Plan may be assigned, transferred, pledged or otherwise disposed of in any way (other than by will, the laws of descent and distribution or as provided in Section 15 hereof) by the Participant. Any such attempt at assignment, transfer, pledge or other disposition will be without effect, except that the Company may treat such act as an election to withdraw funds from an Offering Period in accordance with Section 10 hereof. View More

Designation of Beneficiary. (a) If permitted by the Administrator, a Designation. 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 account under the Plan in the event of such the Participant's death subsequent to an Exercise Date on which the Participant's option hereunder is exercised but prior to delivery to such the Participant of such shares and cash. In addition, if permitted by the Administrator, a Participant may file ...a written designation of a beneficiary who is to receive any cash from the Participant's account under the Plan in the event of such the Participant's death prior to the exercise of the option. If a Participant is married and the designated (b) Change of Designation. A Participant's 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. 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 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 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

Designation of Beneficiary. (a) If permitted by the Administrator, a Participant A participant may file a designation of designate a beneficiary who is to receive any shares of Common Stock 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 an Exercise Purchase Date on which the option purchase right is exercised but prior to delivery to such Participant participant of such shares and cash. In addition, if permitted by the Admin...istrator, a Participant participant may file a designation of designate 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. purchase right. 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 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 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 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 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 under this Section 14 shall be made in such form and manner as the Administrator may designate prescribe from time to time. View More

Designation of Beneficiary. (a) If permitted by the Administrator, a 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 such Participant's account under the Plan in the event of such Participant's death subsequent to an Exercise Date on which the option Option is exercised but prior to delivery to such Participant of such shares Shares and cash. In addition, if permitted by the Administrator, a Participant may file a written designati...on 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 Option. To the extent required under applicable law, spousal consent shall be required for such designation to be effective if the Participant is married and the designated beneficiary is not the spouse, spousal consent will be required for such designation to be effective. Participant's spouse. (b) Such beneficiary designation of beneficiary may be changed by the Participant at any time by written notice in a form determined by to the Administrator. Company. 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 8 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, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, Company may, 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, or if no spouse, dependent 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 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 such Participant's account under the Plan in the event of such Participant's death subsequent to an Exercise Date on which the option Option is exercised but prior to delivery to such Participant of such shares Shares and cash. In addition, if permitted by the Administrator, a Participant may file a written designati...on 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 Option. To the extent required under applicable law, spousal consent shall be required for such designation to be effective if the Participant is married and the designated beneficiary is not the spouse, spousal consent will be required for such designation to be effective. Participant's spouse. 8 (b) Such beneficiary designation of beneficiary may be changed by the Participant at any time by written notice in a form determined by to the Administrator. Company. 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 shall deliver such shares 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, Company may, 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, or if no spouse, dependent 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 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 such 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 Shares and cash. In addition, if permitted by the Administrator, a Participant may file a 8 written 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 To the extent required under applicable law, spousal consent shall be required for such designation to be effective if the Participant is married and the designated beneficiary is not the spouse, spousal consent will be required for such designation to be effective. Participant's spouse. (b) Such beneficiary designation of beneficiary may be changed by the Participant at any time by written notice in a form determined by to the Administrator. Company. 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 shall deliver such shares 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, Company may, 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, or if no spouse, dependent 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