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This excerpt taken from the AKS 8-K filed Oct 22, 2008. Beneficiary” means the person
or persons named by a Participant to succeed to the Participant’s rights under
any then unexpired Award Agreements. Each such designation shall: (i)
revoke all prior designations by the same Participant; (ii) be in a form
acceptable to the Committee; and (iii) be effective only when delivered to the
Committee by the Participant in writing and during the Participant’s
lifetime. No beneficiary shall be entitled to any notice of any
change in a designation of beneficiary. In the absence of any such
designation, the Participant’s estate shall be the beneficiary.
(e) “ |
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