Common use of Claim for Benefit Clause in Contracts

Claim for Benefit. A Participant or Beneficiary may be required to complete and file a claim for a benefit in an Election as a condition to payment of that benefit. All claims will be processed in accordance with the claims procedure in the summary plan description for this Plan. Any payment to a Participant or Beneficiary (or to their legal representative or heirs-at-law) made in accordance with the provisions of this Plan will to the extent of that payment be in full satisfaction of all claims under this Plan against the Trustee, the Plan Administrator and each Participating Employer, any of whom may require that person (or his or her legal representative or heirs-at-law), as a condition precedent to that payment, to execute a receipt and release in a form acceptable to the Trustee, Plan Administrator or Participating Employer, as the case may be.