Common use of Unclaimed Benefit Clause in Contracts

Unclaimed Benefit. Executive shall keep the Association informed of his current address and the current address of his Beneficiaries. The Association shall not be obligated to search for the whereabouts of any person. If the location of Executive is not made known to the Association within three years after the date on which any payment of Executive’s Supplemental Retirement Income Benefit may be made, payment may be made as though Executive had died at the end of the three-year period. If, within one additional year after such three-year period has elapsed, or, within three years after the actual death of Executive, the Association is unable to locate any Beneficiary of Executive, then the Association may fully discharge its obligation by payment to the Estate.

Unclaimed Benefit. Executive shall keep the Association informed of his ------------------ current address and the current address of his Beneficiaries. The Association shall not be obligated to search for the whereabouts of any person. If the location of Executive is not made known to the Association within three years after the date on which any payment of Executive’s 's Supplemental Retirement Income Benefit may be made, payment may be made as though Executive had died at the end of the three-year period. If, within one additional year after such three-year period has elapsed, or, within three years after the actual death of Executive, the Association is unable to locate any Beneficiary of Executive, then the Association may fully discharge its obligation by payment to the Estate.

Unclaimed Benefit. Executive shall keep the Association informed of ------------------ his current address and the current address of his Beneficiaries. The Association shall not be obligated to search for the whereabouts of any person. If the location of Executive is not made known to the Association within three years after the date on which any payment of Executive’s 's Supplemental Retirement Income Benefit may be made, payment may be made as though Executive had died at the end of the three-year period. If, within one additional year after such three-year period has elapsed, or, within three years after the actual death of Executive, the Association is unable to locate any Beneficiary of Executive, then the Association may fully discharge its obligation by payment to the Estate.