Examples of Eligible Individual in a sentence
This Section 4.12 is for the sole and exclusive benefit of the parties to this Agreement, and for the benefit of no other Person (including any former employee of the Failed Bank or any Subsidiary thereof, Eligible Individual or Qualified Beneficiary of such former employee).
Nothing in this Section 4.12 is intended by the parties, or shall be construed, to give any Person (including any former employee of the Failed Bank or any Subsidiary thereof, Eligible Individual or Qualified Beneficiary of such former employee) other than the Corporation, the Receiver and the Assuming Institution, any legal or equitable right, remedy or claim under or with respect to the provisions of this Section 4.12.
Nothing in this Section 4.12 gives, or will be construed to give, any Person (including any former employee of the Failed Bank or any Failed Bank Subsidiary, any Eligible Individual, or any Qualified Beneficiary of that former employee) other than the Corporation, the Receiver, and the Assuming Institution, any legal or equitable right, remedy, or claim under or with respect to the provisions of this Section 4.12.
For any Eligible Individual who does not reply to the electronic communication or hard copy distribution of the Notice/Release Form, the Company shall make one additional attempt to contact those Eligible Individuals at the individual's last known phone, text, or email and provide them with the Notice/Release Form within 14 days after the Effective Date.
Within 30 days after the Claims Deadline, the Company will distribute payments by check or direct deposit to each Eligible Individual who has executed a Notice/Release Form.