Benefiting Sample Clauses
The 'Benefiting' clause defines who is entitled to receive the benefits, rights, or advantages conferred by the agreement. Typically, this clause specifies whether only the parties to the contract, or also third parties, may benefit from its terms. For example, it may clarify that only the named parties can enforce the contract, or it may expressly allow certain affiliates or successors to benefit as well. The core function of this clause is to prevent unintended third parties from claiming rights under the agreement, thereby ensuring clarity and limiting the scope of enforceable benefits.
Benefiting. A Participant is treated as benefiting under the Plan for any Plan Year during which the Participant received or is deemed to receive an allocation in accordance with section 1.410(b)-3(a).
