Receipt and Release for Payments. Subject to the provisions of Section 17.1, any payment made from the Plan to or with respect to any Participant or Beneficiary, or pursuant to a disclaimer by a Beneficiary, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Plan and the Employer with respect to the Plan. The recipient of any payment from the Plan may be required by the Committee, as a condition precedent to such payment, to execute a receipt and release with respect thereto in such form as shall be acceptable to the Committee.
Appears in 18 contracts
Samples: Adoption Agreement (Santarus Inc), Adoption Agreement (Semtech Corp), Plan Adoption Agreement (Bridgepoint Education Inc)
Receipt and Release for Payments. Subject to the provisions of Section 17.1, any payment made from the Plan to or with respect to any Participant or Beneficiarybeneficiary, or pursuant to a disclaimer by a Beneficiarybeneficiary, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Plan and the Employer with respect to the Plan. The recipient of any payment from the Plan may be required by the Committee, as a condition precedent to such payment, to execute a receipt and release with respect thereto in such form as shall be acceptable to the Committee.
Appears in 2 contracts
Samples: Non Qualified Excess Plan Adoption Agreement (Emc Insurance Group Inc), Non Qualified Excess Plan Adoption Agreement (Emc Insurance Group Inc)
