Discharge of Obligation. The payment of benefits under the Plan to a Beneficiary shall fully and completely discharge the Company and the Committee from all further obligations under the Plan with respect to the Participant, and that Participant's Participation Agreement shall terminate upon such full payment of benefits.
Appears in 4 contracts
Samples: Adoption Agreement (AVITA Medical, Inc.), Adoption Agreement (Beacon Roofing Supply Inc), Adoption Agreement (Royal Gold Inc)
Discharge of Obligation. The payment of benefits under the Plan to a Beneficiary shall fully and completely discharge the Company and the Committee from all further obligations under the Plan with respect to the Participant, and that Participant's ’s Participation Agreement shall terminate upon such full payment of benefits.
Appears in 2 contracts
Samples: Adoption Agreement (Innovative Industrial Properties Inc), Adoption Agreement (Sparton Corp)
Discharge of Obligation. The payment of benefits under the Plan to a Beneficiary shall fully and completely discharge the Company and the Committee from all further obligations under the Plan with respect to the Participant, and that Participant's Participation Agreement shall terminate upon such full payment of benefits.. ARTICLE 9
Appears in 1 contract
Samples: Mission Produce, Inc.
