Effect of Payment. The full payment of the applicable benefit under this Article V shall completely discharge all obligations on the part of the Company to the Participant (and the Participant's Beneficiary) with respect to the operation of this Plan, and the Participant's (and Participant's Beneficiary's) rights under this Plan shall terminate.
Appears in 5 contracts
Samples: Agreement (Interpublic Group of Companies Inc), Grant Agreement (Aerobic Creations, Inc.), Grant Agreement (Aerobic Creations, Inc.)
Effect of Payment. The full payment of the applicable benefit under this Article V 6 shall completely discharge all obligations on the part of the Company to the Participant (and the Participant's ’s Beneficiary) with respect to the operation of this Plan, and the Participant's ’s (and Participant's ’s Beneficiary's’s) rights under this Plan shall terminate.
Appears in 2 contracts
Samples: Ametek (Ametek Inc/), Ametek Inc/
