Common use of Optional Benefits Prohibited Clause in Contracts

Optional Benefits Prohibited. No Employee shall have the right, privilege or option to receive, instead of the benefits provided hereunder: (a) Any part of the contributions payable by Employers under this Agreement; (b) A cash consideration either upon termination of the plan or his withdrawal from it either voluntarily or through severance of employment with the particular Employer; (c) The cash surrender value of any policy of insurance in lieu of the benefits provided in said policy.

Optional Benefits Prohibited. No Employee or Participant shall have the right, privilege or option to receive, instead of the benefits provided hereunder: (a) Any any part of the contributions payable by Employers under this Trust Agreement; (b) A a cash consideration either upon termination of the plan of benefits provided hereunder or his upon such Employee's or Participant's withdrawal from it coverage under this Fund, either voluntarily or through severance of employment with the any particular Employer;; or (c) The the cash surrender value of any policy of insurance in lieu of the benefits provided in said policy.