Common use of Benefit Guarantees Clause in Contracts

Benefit Guarantees. On and after the Distribution Date, a Retained Employee's and Terminee's right, if any, to receive benefits under the Manor Care, Inc. Nonqualified Retirement Savings and Investment Plan shall be the responsibility of Manor Care. However, the payment of any benefits due under the Manor Care, Inc. Nonqualified Retirement Savings and Investment Plan for the first thirty (30) months following the Distribution Date shall be guaranteed by Choice, to the extent not otherwise paid by Manor Care. On and after the date of the establishment of the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan, a Choice Individual's right to receive benefits under the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan shall be the responsibility of Choice. However, the payment of any benefits due under the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan which are attributable to the transferred accrued benefits earned under the Manor Care, Inc. Deferred Compensation Plan shall be guaranteed by Manor Care for the first thirty (30) months following the Distribution Date, to the extent not otherwise paid by Choice.

Benefit Guarantees. On and after the Distribution Date, a ------------------ Retained Employee's and Terminee's right, if any, to receive benefits under the Manor Care, Inc. Sunburst Hospitality Corporation Nonqualified Retirement Savings and Investment Plan shall be the responsibility of Manor CareSunburst. However, the payment of any benefits due under the Manor Care, Inc. Sunburst Hospitality Corporation Nonqualified Retirement Savings and Investment Plan for the first thirty (30) months following the Distribution Date shall be guaranteed by Choice, to the extent not otherwise paid by Manor CareSunburst. On and after the date of the establishment of the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan, a Choice Individual's right to receive benefits under the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan shall be the responsibility of Choice. However, the payment of any benefits due under the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan which are attributable to the transferred accrued benefits earned under the Manor Care, Inc. Deferred Compensation Sunburst Hospitality Corporation Nonqualified Retirement Savings and Investment Plan shall be guaranteed by Manor Care Sunburst for the first thirty (30) months following the Distribution Date, to the extent not otherwise paid by Choice.

Benefit Guarantees. On and after the Distribution Date, a ------------------ Retained Employee's and Terminee's right, if any, to receive benefits under the Manor Care, Inc. Sunburst Hospitality Corporation Nonqualified Retirement Savings and Investment Plan shall be the responsibility of Manor CareSunburst. However, the payment of any benefits due under the Manor Care, Inc. Sunburst Hospitality Corporation Nonqualified Retirement Savings and Investment Plan for the first thirty (30) months following the Distribution Date shall be guaranteed by Choice, to the extent not otherwise paid by Manor CareSunburst. On and after the date of the establishment of the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan, a Choice Individual's right to receive benefits under the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan shall be the responsibility of Choice. However, the payment of any benefits due under the Choice Hotels International, Inc. Nonqualified Retirement Savings and Investment Plan which are attributable to the transferred accrued benefits earned under the Manor Care, Inc. Sunburst Hospitality Corporation Deferred Compensation Plan shall be guaranteed by Manor Care Sunburst for the first thirty (30) months following the Distribution Date, to the extent not otherwise paid by Choice.