Payment of Plan Benefits. In all events, Customer is responsible for the full amount of any Plan benefits paid as a result of Plan Benefits Litigation.
Payment of Plan Benefits. Customer intends that the benefits of the Plan shall be paid from the general assets of the Customer, in its role as the employer that sponsors the Plan. It is specifically intended that the Plan, itself, will not have assets. The provision of sufficient monies to make any benefit payment to or on behalf of Enrollees under the Plan or any other obligation of the Plan, is the sole responsibility of Customer, and Customer agrees to accept liability for, and provide sufficient monies to satisfy, all obligations of the Plan, including claims for reimbursement of covered expenses. As a condition precedent to the receipt of XXXXX’x claims administration services hereunder, Customer shall, as of the effective date of the Plan, and monthly thereafter (prior to the first day of the month), provide monies from Customer’s general assets for deposit in the banking accounts established under Section 4.8, which are projected to be sufficient to cover claims costs arising under the Plan in the succeeding month. This advance deposit requirement for Customer will be consistent with expected claims cost and expense factors communicated by PALIC to Customer prior to the effective date of the Plan year. However, the provision of such advance deposits is for administrative convenience only; such advance deposits are not intended to and do not create assets which are segregated from the Customer’s general assets. If, at any time, the payments provided in advance for the Plan’s expected claims costs are insufficient to cover pending claims, Customer will upon 3 days’ notice from PALIC provide the additional monies (by ACH) necessary cover these claims costs.
Payment of Plan Benefits. At the end of each claims processing time period, United will provide notice to the Customer notifying them of the funding requirements. Customer will transfer funds via an Automated Clearing House (ACH) transfer in the designated amount to the designated United DDA account.
Payment of Plan Benefits. (a) If the Participant has chosen in his Deferral Election to receive payout of a Sub-Account in a lump-sum, payments shall be made in a single sum form from such Sub-Account of the Participant at the time elected. Such Sub-Account shall continue to be credited or charged with Investment Fund Returns following such Participant’s Termination through the date preceding payment in full of the Sub-Account.
Payment of Plan Benefits
