Receipt and Release for Payments. Unless otherwise provided in a separate Trust agreement, any payment to any Participant, his legal representative, Beneficiary, or to any guardian or committee appointed for such Participant or Beneficiary in accordance with the provisions of the Plan shall be in full satisfaction of all claims hereunder against the Trustee, Employer or Plan Administrator each of whom may require such Participant, legal representative, Beneficiary, guardian or committee as a condition prior to such payment, to execute a receipt and release in such form as shall be determined by the Trustee, Employer or Plan Administrator.
Appears in 11 contracts
Samples: Nonstandardized Adoption Agreement (Chicopee Bancorp, Inc.), Prototype Defined Contribution Plan (United Community Bancorp), Prototype Defined Contribution Plan (FNB United Corp.)
Receipt and Release for Payments. Unless otherwise provided in a separate Trust agreementAgreement, any payment to any Participant, his legal representative, Beneficiary, or to any guardian or committee appointed for such Participant or Beneficiary in accordance with the provisions of the Plan shall be in full satisfaction of all claims hereunder against the Trustee, Employer or Plan Administrator each of whom may require such Participant, legal representative, Beneficiary, guardian or committee as a condition prior to such payment, to execute a receipt and release in such form as shall be determined by the Trustee, Employer or Plan Administrator.
Appears in 9 contracts
Samples: Prototype Defined Contribution Plan (1st Constitution Bancorp), Prototype Defined Contribution Plan (Wellesley Bancorp, Inc.), Prototype Defined Contribution Plan (Savannah Bancorp Inc)
Receipt and Release for Payments. Unless otherwise provided in a separate Trust agreement, any Any payment to any Participant, his legal representative, Beneficiary, or to any guardian or committee appointed for such Participant or Beneficiary in accordance with the provisions of the Plan shall Plan, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the TrusteeTrustee and the Employer, Employer or Plan Administrator each either of whom may require such Participant, legal representative, Beneficiary, guardian or committee committee, as a condition prior precedent to such payment, to execute a receipt and release thereof in such form as shall be determined by the Trustee, Employer Trustee or Plan AdministratorEmployer.
Appears in 5 contracts
Samples: Fulton Financial (Fulton Financial Corp), Allied Employee Stock Ownership Plan and Trust Agreement (Allied Capital Corp), Telxon Corp
