Common use of Uncashed Funds Clause in Contracts

Uncashed Funds. As of the date of termination of the Agreement and during the Run-Off Period, any outstanding funds that are or become "stale" (over 365 days old), less any amount(s) owed by payees to Claim Administrator from such funds, will be escheated by Claim Administrator on Employer’s behalf to the state of payee’s last known address in accordance with Claim Administrator’s established procedures and/or the applicable state’s unclaimed property law.

Appears in 3 contracts

Sources: Administrative Services Agreement, Administrative Services Agreement, Administrative Services Agreement

Uncashed Funds. As of the date of termination of the Agreement and during the Run-Off Period, any outstanding funds that are or become "stale" (over 365 days old), less any amount(s) owed by payees to Claim Administrator from such funds, will be escheated by Claim Administrator on Employer’s behalf to the SAMPLE state of payee’s last known address in accordance with Claim Administrator’s established procedures and/or the applicable state’s unclaimed property law.

Appears in 1 contract

Sources: Administrative Services Agreement

Uncashed Funds. As of the date of termination of the Agreement and during the Run-Off Period, any outstanding funds that are or become "stale" (over 365 days old), less any amount(s) owed by payees to Claim Administrator from such funds, will be escheated by Claim Administrator on Employer’s behalf to the state of payee’s last known address by Claim Administrator, on Employer’s behalf in accordance with Claim Administrator’s established procedures and/or the applicable state’s unclaimed property law.

Appears in 1 contract

Sources: Administrative Services Agreement

Uncashed Funds. As of the date of termination of the Agreement and during the Run-Off PeriodAgreement, any outstanding funds that are or become "stale" (over 365 days old)) will be escheated by Claim Administrator, on Employer's behalf, less any amount(s) owed by such funds' payees to Claim Administrator from such fundsAdministrator, will be escheated by Claim Administrator on Employer’s behalf to the state of payee’s last known address in accordance with Claim Administrator’s established procedures and/or the applicable state’s 's unclaimed property law.

Appears in 1 contract

Sources: Administrative Services Agreement