Common use of Financial Hardship Clause in Contracts

Financial Hardship. After payments under this Agreement begin, the Company may, in its sole discretion, pay the balance of the account to the Executive or any beneficiary herein, provided that the Executive or beneficiary has a demonstrable need due to financial hardship. The decision of whether financial hardship exists, or whether any payments herein shall be made, shall at all times rest solely with the Company, in its sole discretion.

Financial Hardship. After payments under this Agreement begin, the Company may, in its sole discretion, pay the balance of the account to the Executive or any beneficiary herein, provided that the Executive or beneficiary has a demonstrable need due to financial hardship. The decision of whether financial hardship exists, or whether any payments herein shall be made, shall at all times rest solely with the Company, in its sole discretion. 11.