Common use of Binding upon Receipt Clause in Contracts

Binding upon Receipt. No communication shall be binding on the Trustee until it is received by the Trustee, and no communication shall be binding on the Company, the Board of Directors or the Committee until it is received by the Company, the Board of Directors or the Committee, respectively. A communication shall be deemed binding on a Participant or the Participant's Beneficiaries 60 days following the date notice is given or sent pursuant to Subsection 16.3.

Appears in 2 contracts

Samples: Trust Agreement (Vencor Inc), Trust Agreement (Tidewater Inc)

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Binding upon Receipt. No communication shall be binding on the Trustee until it is received by the Trustee, and no communication shall be binding on the Company, the Board of Directors Directors, or the Committee until it is received by the Company, the Board of Directors Directors, or the Committee, respectively. A communication shall be deemed binding on a Participant or the Participant's Beneficiaries 60 days following the date notice is given or sent pursuant to Subsection 16.3.

Appears in 2 contracts

Samples: Trust Agreement (Wachovia Corp/ Nc), Trust Agreement (Kaufman & Broad Home Corp)

Binding upon Receipt. No communication shall be binding on the Trustee until it is received by the Trustee, and no communication shall be binding on the Company, the Board of Directors or the Committee until it is received by the Company, the Board of Directors or the Committee, respectively. A respectively and no communication shall be deemed binding on a Participant or the Participant's Beneficiaries 60 days following until it is received by the date notice is given Participant or sent pursuant to Subsection 16.3the Participant's Beneficiaries, respectively.

Appears in 2 contracts

Samples: Trust Agreement (Beckman Instruments Inc), Trust Agreement (Beckman Instruments Inc)

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Binding upon Receipt. No communication shall be binding on the Trustee until it is received by the Trustee, and no communication shall be binding on the Company, the Board of Directors or the Committee until it is received by the Company, the Board of Directors or the Committee, respectively. A , and no communication shall be deemed binding on a Participant or the Participant's ’s Beneficiaries 60 days following until it is received by the date notice is given Participant or sent pursuant to Subsection 16.3the Participant’s Beneficiaries, respectively.

Appears in 1 contract

Samples: Benefit Equity Trust Agreement (Beckman Coulter Inc)

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