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PBI » Topics » No Beneficiary Designation.

This excerpt taken from the PBI 10-K filed Feb 26, 2009.

BENEFICIARY DESIGNATION

                    Section 9.01 Beneficiary Designation. Each Participant shall have the right, at any time, to designate any person, persons or entity as his Beneficiary or Beneficiaries to receive the balance of his or her Account upon the Participant’s death. A Beneficiary designation shall be made, and may be amended, by the Participant by filing a written designation with the Administrative Committee, on such form and in accordance with such procedures as the Administrative Committee shall establish from time to time.

                    Section 9.02 No Beneficiary Designation. If a Participant fails to designate a Beneficiary as provided above, or if all designated Beneficiaries predecease the Participant, then the Participant’s Beneficiary shall be deemed to be the Participant’s estate.

136

ARTICLE X

This excerpt taken from the PBI 10-K filed Mar 13, 2006.
No Beneficiary Designation. If a Participant fails to designate a Beneficiary as provided above, or if all designated Beneficiaries predecease the Participant, then the Participant’s Beneficiary shall be deemed to be the Participant’s estate.

 

 


EXHIBIT (vi)

Page 22 of 24

 

 

EXCERPTS ON THIS PAGE:

10-K
Feb 26, 2009
10-K
Mar 13, 2006

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