Common use of Effect of Payment Clause in Contracts

Effect of Payment. Payment to the Beneficiary shall completely discharge the Company's obligations under this Plan.

Appears in 5 contracts

Samples: Employment Agreement (Interpublic Group of Companies Inc), Employment Agreement (Aerobic Creations, Inc.), Employment Agreement (Aerobic Creations, Inc.)

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Effect of Payment. Payment The payment to the deemed Beneficiary shall completely discharge the Company's Employer’s obligations under this Plan.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan (Trico Bancshares /), Supplemental Executive Retirement Plan (Heritage Commerce Corp)

Effect of Payment. Payment The payment to the deemed Beneficiary shall completely discharge the CompanyEmployer's obligations under this Plan.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (Venture Financial Group Inc)

Effect of Payment. Payment to the Beneficiary shall completely discharge the CompanyEmployer's obligations under this Plan.

Appears in 1 contract

Samples: Split Dollar Life Insurance Agreement (Riggs National Corp)

Effect of Payment. Payment The payment to the deemed Beneficiary shall completely discharge the Company's obligations under this Plan.

Appears in 1 contract

Samples: Not Specified (Egghead Inc /Wa/)

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Effect of Payment. Payment The payment to the deemed Beneficiary shall completely discharge the Company's ’s obligations under this PlanAgreement.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (R H Donnelley Corp)

Effect of Payment. Payment The payment to the deemed Beneficiary shall completely discharge the Company's ’s obligations under this Plan.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (North Bay Bancorp/Ca)

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