Common use of Additional Rules for Payout Elections Clause in Contracts

Additional Rules for Payout Elections. The Committee has complete discretion to establish procedures for the completion of payout elections, including the acceptable forms and formats of the payout election. The Committee has complete discretion to establish deadlines for the completion of payout elections, within the bounds described in this section. The Committee may establish default choices in the absence of an affirmative Participant election.

Appears in 6 contracts

Samples: Non Qualified Retirement/Savings Plan (Apache Corp), Non Qualified Restorative Retirement Savings Plan (Apache Corp), Non Qualified Retirement Savings Plan (Apache Corp)

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