Plan Terms Binding Sample Clauses
The "Plan Terms Binding" clause establishes that the terms and conditions outlined in a specific plan or agreement are legally binding on all parties involved. In practice, this means that participants, beneficiaries, or other relevant individuals must adhere to the rules, requirements, and obligations set forth in the plan document, such as an employee benefit plan or insurance policy. This clause ensures that there is no ambiguity regarding the enforceability of the plan's provisions, thereby promoting consistency and reducing the risk of disputes over interpretation or compliance.
Plan Terms Binding. The Plan is binding upon the Employer, Trustee, Plan Administrator, Custodian (and all other service providers to the Plan), upon Participants, Beneficiaries and all other persons entitled to benefits, and upon the successors and assigns of the foregoing persons.
Plan Terms Binding. The Plan is binding upon the Employer, Trustee, Plan Administrator, Custodian (and all other service providers to the Plan), upon Participants, Beneficiaries and all other persons entitled to benefits, and upon the successors and assigns of the foregoing persons. See Section 8.11(C) as to the Trust where the Employer in its Adoption Agreement elects to use a separate trust agreement.
Plan Terms Binding. Optionee acknowledges receipt of a copy of ------------------ the Plan and represents that he or she is familiar with the terms and provisions thereof, and hereby accepts this Option subject to all of the terms and provisions thereof Optionee has reviewed the Plan and this Option in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option and fully understands all provisions of the Option. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan or this Option. Optionee further agrees to notify the Company upon any change in the residence address indicated below.