Common use of Unclaimed Benefits Clause in Contracts

Unclaimed Benefits. In the case of a benefit payable on behalf of a Member, if the Committee is unable to locate the Member or beneficiary to whom such benefit is payable, upon the Committee's determination thereof, such benefit shall be forfeited. Notwithstanding the foregoing, if subsequent to any such forfeiture the Member or beneficiary to whom such benefit is payable makes a valid claim for such benefit, such forfeited benefit shall be restored to the Plan in the manner provided in Section 8.7.

Unclaimed Benefits. In the case of a benefit payable on behalf of a Membersuch Participant, if the Compensation Committee is unable to locate the Member Participant or beneficiary Beneficiary to whom such benefit is payable, such benefit may be forfeited to the Company, upon the Compensation Committee's determination thereof, such benefit shall be forfeited’s determination. Notwithstanding the foregoing, if subsequent to any such forfeiture the Member Participant or beneficiary Beneficiary to whom such benefit is payable makes a valid claim for such benefit, such forfeited benefit shall be paid by the Company or restored to the Plan in by the manner provided in Section 8.7Company.

Unclaimed Benefits. In the case of a benefit payable on behalf of a Membersuch Participant, if the Committee is unable to locate the Member Participant or beneficiary Beneficiary to whom such benefit is payable, such Plan benefit may be forfeited to the Corporation upon the Committee's determination thereof, such benefit shall be forfeited’s determination. Notwithstanding the foregoing, if if, subsequent to any such forfeiture forfeiture, the Member Participant or beneficiary Beneficiary to whom such Plan benefit is payable makes a valid claim for such Plan benefit, such forfeited Plan benefit shall be restored paid by the Committee to the Plan in Participant or Beneficiary, without interest, from the manner provided in Section 8.7date it would have otherwise been paid.

Unclaimed Benefits. In the case of a benefit payable on behalf of a Membersuch Participant, if the Administrative Committee is unable to locate the Member Participant or beneficiary Beneficiary to whom such benefit is payable, such benefit may be forfeited to the Company, upon the Administrative Committee's determination thereof, such benefit shall be forfeited’s determination. Notwithstanding the foregoing, if subsequent to any such forfeiture the Member Participant or beneficiary Beneficiary to whom such benefit is payable makes a valid claim for such benefit, such forfeited benefit shall be paid by the Company or restored to the Plan in by the manner provided in Section 8.7Company.

Unclaimed Benefits. In the case of a benefit payable on behalf of a Member, if the Committee is unable to locate the Member or beneficiary to whom such benefit is payable, upon the Committee's determination thereof, such benefit shall be forfeited, held in a suspense account, and applied to reduce Employer Matching Contributions next coming due. Prior to such application, forfeited amounts shall be invested in a principal-safe asset. Notwithstanding the foregoing, if subsequent to any such forfeiture the Member or beneficiary to whom such benefit is payable makes a valid claim for such benefit, such forfeited benefit shall be restored to the Plan in the manner provided in Section 8.78.5(b).