Common use of Receipt and Release for Payments Clause in Contracts

Receipt and Release for Payments. Any payment to any Participant, his legal representative, Beneficiary, or to any guardian or committee appointed for such Participant or Beneficiary in accordance with the provisions of the Plan, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Trustee and the Employer, either of whom may require such Participant, legal representative, Beneficiary, guardian or committee, as a condition precedent to such payment, to execute a receipt and release thereof in such form as shall be determined by the Trustee or Employer.

Appears in 5 contracts

Samples: Retirement & Profit Sharing Plan (Telxon Corp), Retirement & Profit Sharing Plan (Aironet Wireless Communications Inc), 401(k) Profit Sharing Plan and Trust Agreement (Ameritrade Holding Corp)

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Receipt and Release for Payments. Any payment to any Participant, his the Participant's legal representative, Beneficiary, or to any guardian or committee appointed for such Participant or Beneficiary in accordance with the provisions of the this Plan, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Trustee and the Employer, either of whom may require such Participant, legal representative, Beneficiary, guardian or committee, as a condition precedent to such payment, to execute a receipt and release thereof in such form as shall be determined by the Trustee or Employer.

Appears in 4 contracts

Samples: Adoption Agreement (MSC Software Corp), Adoption Agreement (Baldwin Technology Co Inc), 401(k) Profit Sharing Plan Adoption Agreement (Wayne Savings Bancshares Inc /De/)

Receipt and Release for Payments. Any payment to any Participant, Former Participant, his legal representative, Beneficiary, or to any guardian or committee appointed for such Participant, Former Participant or Beneficiary in accordance with the provisions of the Planthis agreement, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Trustee and the Employer, either of whom may require such Participant, Former Participant, legal representative, Beneficiary, guardian or committee, as a condition precedent to such payment, to execute a receipt and release thereof in such form as shall be determined by the Trustee or Employer.

Appears in 2 contracts

Samples: 401(k) Plan and Trust Agreement (Hastings Entertainment Inc), 401(k) Plan and Trust Agreement (Hastings Entertainment Inc)

Receipt and Release for Payments. Any payment to any Participant, his the Participant's legal representative, Beneficiary, or to any guardian or committee appointed for such Participant or Beneficiary in accordance with the provisions of the Plan, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Trustee and the Employer, either of whom may require such Participant, legal representative, Beneficiary, guardian or committee, as a condition precedent to such payment, to execute a receipt and release thereof in such form as shall be determined by the Trustee or Employer.

Appears in 1 contract

Samples: 401(k) Profit Sharing Plan Agreement (Winton Financial Corp)

Receipt and Release for Payments. Any payment to any Participant, his legal representative, Beneficiary, or to any guardian guardian, custodian or committee appointed for such Participant or Beneficiary in accordance with the provisions of the Planthis Plan and Trust, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Trustee Trustee, the Employer and the EmployerInsurer, either any of whom may require such Participant, legal representative, Beneficiary, guardian guardian, custodian or committee, as a condition precedent to such payment, to execute a receipt and release thereof in such form as shall be determined by the Trustee Trustee, Employer or EmployerInsurer.

Appears in 1 contract

Samples: Adoption Agreement (First Bancorp /Pr/)

Receipt and Release for Payments. Any payment to any Participant, his legal representative, Beneficiary, or to any guardian or committee appointed for such Participant or Beneficiary Beneficiary, in accordance with the provisions of the Plan, shall, to the extent thereof, be in full satisfaction of all claims hereunder hereunder. This shall include any and all claims against the Trustee and the EmployerTrustee, either of whom may require such Participantparticipant, legal representative, Beneficiary, guardian or committee, ; as a condition precedent to such payment, to execute a receipt and release thereof in such form as shall be determined by the Trustee or EmployerTrustees.

Appears in 1 contract

Samples: Supplemental Retirement Plan

Receipt and Release for Payments. Any payment to any Participant, his legal representative, Beneficiary, or to any guardian or committee appointed for such Participant or Beneficiary in accordance with the provisions of the Plan, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Trustee and the EmployerEmployer and any Participating Employers, either any of whom may require such Participant, legal representative, Beneficiary, guardian guardian, or committee, as a condition precedent to such payment, to execute a receipt and release thereof in such form as shall be determined by the Trustee or Employerapplicable employer.

Appears in 1 contract

Samples: Employee Stock Ownership Plan and Trust (Uwharrie Capital Corp)

Receipt and Release for Payments. Any payment to any Participant, his legal representative, Beneficiary, or to any guardian or committee appointed for such Participant or Beneficiary in accordance with the provisions of the this Plan, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Trustee provider of an Investment Product, Administrator and the Employer, either of whom may require such Participant, legal representative, Beneficiary, guardian or committee, as a condition precedent to such payment, to execute a receipt and release thereof in such form as shall be determined by the Trustee or Employer.

Appears in 1 contract

Samples: 457(b) Deferred Compensation Plan

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Receipt and Release for Payments. Any payment to any Participant, his the Participant's legal representative, Beneficiary, or to any guardian or committee appointed for such Participant or Beneficiary in accordance with the provisions of the this Plan, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Trustee (or Insurer) and the Employer, either of whom may require such Participant, legal representative, Beneficiary, guardian or committee, as a condition precedent to such payment, to execute a receipt and release thereof in such form as shall be determined by the Trustee or Employer.

Appears in 1 contract

Samples: Disclosure Statements and Trust Agreements

Receipt and Release for Payments. Any payment to any Participant, his legal representative, Beneficiary, or to any guardian or committee appointed for such Participant or Beneficiary in accordance with the provisions of the Planthis Agreement, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Trustee and the Employer, either of whom may require such Participant, legal representative, Beneficiary, guardian or committee, as a condition precedent to such payment, to execute a receipt and release thereof in such form as shall be determined by the Trustee or Employer.

Appears in 1 contract

Samples: Bargaining Unit Pension Plan and Trust Agreement (Blonder Tongue Laboratories Inc)

Receipt and Release for Payments. Any payment to any Participant, his the Participant’s legal representative, Beneficiary, or to any guardian or committee appointed for such Participant or Beneficiary in accordance with the provisions of the Plan, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Trustee and the Employer, either of whom may require such Participant, legal representative, Beneficiary, guardian or committee, as a condition precedent to such payment, to execute a receipt and release thereof in such form as shall be determined by the Trustee or Employer.

Appears in 1 contract

Samples: 401(k) Plan (Chevron Corp)

Receipt and Release for Payments. Any payment to any Participant, his the Participant’s legal representative, Beneficiary, or to any guardian or committee appointed for such Participant or Beneficiary in accordance with the provisions of the Plan, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Trustee and the Employer, either of whom may require such Participant, legal representative, Beneficiary, guardian or committee, as a condition precedent to such payment, to execute a receipt and release thereof in such form as shall be determined by the Trustee or Employer.

Appears in 1 contract

Samples: Employee Profit Sharing and Stock Ownership Plan and Trust Agreement (PBSJ Corp /Fl/)

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