Common use of Benefit and Separation Payment Drafts Not Presented Clause in Contracts

Benefit and Separation Payment Drafts Not Presented. If the Trustee has segregated any portion of the Fund in connection with any determination that a Benefit or Separation Payment is payable under the Plan and the amount of such Benefit or Separation Payment is not claimed within a period of two (2) years from the date of such determination, such amount shall revert to the Fund.

Appears in 2 contracts

Sources: Supplemental Unemployment Benefit Agreement, Profit Sharing Agreement, Tax Efficient Savings Agreement, Legal Services Plan, Supplemental Unemployment Benefit Agreement, Profit Sharing Agreement, Tax Efficient Savings Agreement, Uaw Ford Legal Services Plan