Common use of Transfer and Acceptance of Account Balances Clause in Contracts

Transfer and Acceptance of Account Balances. As soon as ------------------------------------------- practicable after the date of the establishment of the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan, Sunburst shall cause the trustee of the "rabbi" trust relating to the Sunburst Hospitality Corporation Nonqualified Retirement Savings and Investment Plan to transfer to a separate "rabbi" trust to be established by Choice with respect to the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan the amounts (in cash, securities, other property or a combination thereof) representing the account balances of all Choice Individuals who had account balances in the "rabbi" trust relating to the Sunburst Hospitality Corporation Nonqualified Retirement Savings and Investment Plan on the Cut-off Date, said amounts to be established as account balances or accrued benefits of such individuals in the "rabbi" trust established with respect to the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan. In addition, each Choice Individual for whom an account balance in the rabbi trust established on behalf of the Sunburst Hospitality Corporation Nonqualified Retirement Savings and Investment Plan is transferred to a rabbi trust established on behalf of the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan shall be required to execute a waiver which acknowledges that all liabilities for benefits accrued under the Sunburst Hospitality Corporation Nonqualified Retirement Savings and Investment Plan through the date immediately preceding the date of the establishment of the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan shall be assumed by Choice, except that Sunburst shall remain liable, for a period of thirty (30) months following the Distribution Date, for such benefits to the extent such amounts are not paid when due by Choice.

Transfer and Acceptance of Account Balances. As soon as ------------------------------------------- practicable after the date of the establishment of the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan, Sunburst Manor Care shall cause the trustee of the "rabbi" trust relating to the Sunburst Hospitality Corporation Manor Care, Inc. Nonqualified Retirement Savings and Investment Plan to transfer to a separate "rabbi" trust to be established by Choice with respect to the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan the amounts (in cash, securities, other property or a combination thereof) representing the account balances of all Choice Individuals who had account balances in the "rabbi" trust relating to the Sunburst Hospitality Corporation Manor Care, Inc. Nonqualified Retirement Savings and Investment Plan on the Cut-off Date, said amounts to be established as account balances or accrued benefits of such individuals in the "rabbi" trust established with respect to the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan. In addition, each Choice Individual for whom an account balance in the rabbi trust established on behalf of the Sunburst Hospitality Corporation Manor Care, Inc. Nonqualified Retirement Savings and Investment Plan is transferred to a rabbi trust established on behalf of the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan shall be required to execute a waiver which acknowledges that all liabilities for benefits accrued under the Sunburst Hospitality Corporation Manor Care, Inc. Nonqualified Retirement Savings and Investment Plan through the date immediately preceding the date of the establishment of the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan Plan, shall be assumed by Choice, except that Sunburst Manor Care shall remain liable, for a period of thirty (30) months following the Distribution Date, for such benefits to the extent such amounts are not paid when due by Choice.the

Transfer and Acceptance of Account Balances. As soon as ------------------------------------------- practicable after the date of the establishment of the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan, Sunburst Manor Care shall cause the trustee of the "rabbi" trust relating to the Sunburst Hospitality Corporation Manor Care, Inc. Nonqualified Retirement Savings and Investment Plan to transfer to a separate "rabbi" trust to be established by Choice with respect to the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan the amounts (in cash, securities, other property or a combination thereof) representing the account balances of all Choice Individuals who had account balances in the "rabbi" trust relating to the Sunburst Hospitality Corporation Manor Care, Inc. Nonqualified Retirement Savings and Investment Plan on the Cut-off Date, said amounts to be established as account balances or accrued benefits of such individuals in the "rabbi" trust established with respect to the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan. In addition, each Choice Individual for whom an account balance in the rabbi trust established on behalf of the Sunburst Hospitality Corporation Manor Care, Inc. Nonqualified Retirement Savings and Investment Plan is transferred to a rabbi trust established on behalf of the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan shall be required to execute a waiver which acknowledges that all liabilities for benefits accrued under the Sunburst Hospitality Corporation Manor Care, Inc. Nonqualified Retirement Savings and Investment Plan through the date immediately preceding the date of the establishment of the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan shall be assumed by Choice, except that Sunburst Manor Care shall remain liable, for a period of thirty (30) months following the Distribution Date, for such benefits to the extent such amounts are not paid when due by Choice.