GNC 2011 Annual Report Download - page 189
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Please find page 189 of the 2011 GNC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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PAYEE DESIGNATIONS AND LIMITATIONS
7.1 Beneficiaries.
(a) Beneficiary Designation. The Participant shall have the right, at any time, to designate any person or
persons as Beneficiary (both primary and contingent) to whom payment under the Plan shall be made in the event of the Participant's
death. The Beneficiary designation shall be effective when it is submitted in writing to and acknowledged by the Committee during
the Participant's lifetime on a form prescribed by the Committee.
(b) Revision of Designation. The submission of a new Beneficiary designation shall cancel all prior
Beneficiary designations. Any finalized divorce or marriage (other than a common law marriage) of a Participant subsequent to the
date of a Beneficiary designation shall revoke such designation, unless in the case of divorce the previous spouse was not designated
as
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