Common use of Amounts Required to Fund Plan Sponsor's Liability for Ex-Gratia Payments Clause in Contracts

Amounts Required to Fund Plan Sponsor's Liability for Ex-Gratia Payments. If, at the Plan Sponsor’s request, the Company makes payment of expenses that Company determines is not covered under the Plan, Plan Sponsor shall immediately pay Company an amount equal to such payment. While held by the Company, the payment amounts identified in A and B of this Section 2 may be credited with interest at the Company’s then-current short-term interest rates. Plan Sponsor agrees that the Company shall retain all such income earned with respect to such amounts while held by the Company.

Appears in 2 contracts

Samples: Administrative Services Agreement, Stop Loss Application; Policy; And Administrative Services Agreement

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Amounts Required to Fund Plan Sponsor's Liability for Ex-Gratia Payments. IfSuppose, at the Plan Sponsor’s 's request, the Company makes payment of expenses that Company determines is not covered under the Plan. In that case, Plan Sponsor shall immediately pay Company an amount equal to such payment. While held by the Company, the payment amounts identified in A B and B C of this Section 2 may be credited with interest at the Company’s 's then-current short-short- term interest rates. Plan Sponsor agrees that the Company shall retain all such income earned with respect to concerning such amounts while held by the Company.

Appears in 2 contracts

Samples: Stop Loss Application and Administrative Services Agreement, Stop Loss Application and Administrative Services Agreement

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Amounts Required to Fund Plan Sponsor's Liability for Ex-Gratia Payments. If, at the Plan Sponsor’s request, If the Company makes payment of expenses at the Plan Sponsor's request that the Company determines is not covered under the Plan, then the Plan Sponsor shall immediately pay Company an amount equal to such payment. While held by the Company, the payment amounts identified in A B and B C of this Section 2 may be credited with interest at the Company’s 's then-current short-term interest rates. Plan Sponsor agrees that the Company shall retain all such income earned with respect to concerning such amounts while held by the Company.

Appears in 1 contract

Samples: Stop Loss Application and Administrative Services Agreement

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