Common use of Procedure When Distributee Cannot Be Located Clause in Contracts

Procedure When Distributee Cannot Be Located. The Administrator shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) the mailing by certified mail of a notice to the last known address shown on the Employer’s or the Administrator's records, (b) notification sent to the Social Security Administration or the Pension Benefit Guaranty Corporation (under their program to identify payees under retirement plans), and (c) the payee has not responded within 6 months. If the Administrator is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the funding vehicle shall continue to hold the benefits due such person.

Appears in 2 contracts

Samples: Plan Adoption Agreement, Plan Adoption Agreement

AutoNDA by SimpleDocs

Procedure When Distributee Cannot Be Located. The Administrator shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) the mailing by certified mail of a notice to the last known address shown on the Employer’s records of the Employer or the Administrator's records, (b) notification sent to the Social Security Administration or the Pension Benefit Guaranty Corporation (under their program to identify payees under retirement plans), and (c) the payee has not responded within 6 months. If the Administrator is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the funding vehicle Funding Vehicle shall continue to hold the benefits due such person.

Appears in 2 contracts

Samples: Adoption Agreement, Adoption Agreement

Procedure When Distributee Cannot Be Located. The Administrator Vendors shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's ’s Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) the mailing by certified mail of a notice to the last known address shown on the Employer’s or the Administrator's Vendor’s records, (b) notification sent to the Social Security Administration or the Pension Benefit Guaranty Corporation (under their program programs to identify payees under retirement plans), and (c) the payee has not responded within 6 months. If the Administrator Vendor is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the funding vehicle Funding Vehicle shall continue to hold the benefits due such person.

Appears in 2 contracts

Samples: University of North, University of North

Procedure When Distributee Cannot Be Located. The Administrator shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) a. the mailing by certified mail of a notice to the last known address shown on the Employer’s or the Administrator's records, (b) b. notification sent to the Social Security Administration or the Pension Benefit Guaranty Corporation (under their program to identify payees under retirement plans), and (c) c. the payee has not responded within 6 months. If the Administrator is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the funding vehicle Funding Vehicle shall continue to hold the benefits due such person.

Appears in 1 contract

Samples: Adoption Agreement

Procedure When Distributee Cannot Be Located. The Administrator shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) the mailing by certified mail of a notice to the last known address shown on the Employer’s 's or the Administrator's records, (b) notification sent to the Social Security Administration or the Pension Benefit Guaranty Corporation (under their program to identify payees under retirement plans), and (c) the payee has not responded within 6 six months. If the Administrator is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the funding vehicle Trust Fund shall continue to hold the benefits due such person.

Appears in 1 contract

Samples: mpera.mt.gov

AutoNDA by SimpleDocs

Procedure When Distributee Cannot Be Located. The Administrator shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) the mailing by certified mail of a notice to the last known address shown on the Employer’s 's or the Administrator's records, (b) notification sent to the Social Security Administration or the Pension Benefit Guaranty Corporation (under their program to identify payees under retirement plans), and (c) the payee has not responded within 6 months. If the Administrator is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the funding vehicle shall continue to hold the benefits due such person.

Appears in 1 contract

Samples: www.stamfordpublicschools.org

Procedure When Distributee Cannot Be Located. The Administrator shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's ’s Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) the mailing by certified mail of a notice to the last known address shown on the Employer’s or the Administrator's ’s records, (b) notification sent to the Social Security Administration or the Pension Benefit Guaranty Corporation (under their program programs to identify payees under retirement plans), and (c) the payee has not responded within 6 months. If the Administrator is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the funding vehicle Funding Vehicle shall continue to hold the benefits due such person.

Appears in 1 contract

Samples: www.mpsaz.org

Procedure When Distributee Cannot Be Located. The Administrator shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's ’s Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) the mailing by certified mail of a notice to the last known address shown on the EmployerEmployer or Administrator’s or the Administrator's records, (b) notification sent to the Social Security Administration or the Pension Benefit Guaranty Guarantee Corporation (under their program to identify payees under retirement plans), and (c) the payee has not responded within 6 six (6) months. If the Administrator is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the funding vehicle Trust shall continue to hold the benefits due such personperson to the extent consistent with applicable law.

Appears in 1 contract

Samples: www.pinellascounty.org

Time is Money Join Law Insider Premium to draft better contracts faster.