Lost Distributees Clause Samples
Lost Distributees. A benefit shall be deemed forfeited if the Plan Administrator is unable to locate the Participant or Beneficiary to whom payment is due on or before the fifth anniversary of the date payment is to be made or commence; provided, that the deemed investment rate of return pursuant to Section 8.2 shall cease to be applied to the Participant’s account following the first anniversary of such date; provided further, however, that such benefit shall be reinstated if a valid claim is made by or on behalf of the Participant or Beneficiary for all or part of the forfeited benefit.
Lost Distributees. A benefit shall be deemed forfeited if the Compensation Committee is unable after a reasonable period of time to locate the Executive or his beneficiary to whom payment is due; provided, however, that such benefit shall be reinstated if a valid claim is made by or on behalf of the Executive or his beneficiary for the forfeited benefit no later than ninety (90) days after the date such benefits otherwise would have commenced (assuming the claimant is entitled to the benefits) or the claim will be forever barred.
Lost Distributees. A benefit shall be deemed forfeited if the Bank is unable after a reasonable period of time to locate the Executive or beneficiary to whom payment is due; provided, however that such benefit shall be reinstated if a valid claim is made by or on behalf of the Executive or beneficiary for the forfeited benefit.
Lost Distributees. Any benefit payable hereunder shall be deemed forfeited if, after reasonable efforts, the Plan Administrator is unable to locate the Participant to whom payment is due.
Lost Distributees. A benefit shall be deemed forfeited if the Committee is unable to locate the Participant or Beneficiary to whom payment is due by the fifth anniversary of the date payment is to be made or commence; provided, that the deemed investment rate of return pursuant to Section 8.2 shall cease to be applied to the Participant's account following the first anniversary of such date; provided further, however, that such benefit shall be reinstated if a valid claim is made by or on behalf of the Participant or Beneficiary for all or part of the forfeited benefit. The Employer and Committee will be responsible for determining whether unclaimed property laws are applicable to forfeited benefits.
Lost Distributees. If the Plan Administrator is unable to locate you or your beneficiary when your benefit is due, your benefit will be deemed to be forfeited. Therefore, it is important that you keep the Plan Administrator informed of any changes to your current address.
Lost Distributees. 29 17.4 Reliance on Data .......................................29 17.5 Receipt and Release for Payments .......................29 17.6 Headings ...............................................29 17.7
Lost Distributees. Right of Verification and Recovery Section 10. Conversion Rights