Benefit Exchange Clause Samples
Benefit Exchange. Notwithstanding any other provisions of this Plan, the Employer and the Participant may enter into an agreement under which, in lieu of the payment of the Participant's vested Accrued Benefit upon a Qualifying Distribution Event, the Participant's vested Accrued Benefit will be exchanged for another non-qualified benefit in accordance with rules established by the Committee.
Benefit Exchange. 101 Section 7. Vesting ............................................... 101
Benefit Exchange. The Employer elects to permit the Participant to exchange all or any portion of the vested Accrued Benefit under the Plan for another type of nonqualified benefit [check desired option]: