Common use of Binding upon Receipt Clause in Contracts

Binding upon Receipt. No communication shall be binding on the Trustee until it is received by the Trustee, and no communication shall be binding on the Company, the Board of Directors or the Committee until it is received by the Company, the Board of Directors or the Committee, respectively and no communication shall be binding on a Participant or the Participant's Beneficiaries until it is received by the Participant or the Participant's Beneficiaries, respectively.

Appears in 2 contracts

Sources: Trust Agreement (Beckman Instruments Inc), Trust Agreement (Beckman Instruments Inc)

Binding upon Receipt. No communication shall be binding on the Trustee until it is received by the Trustee, and no communication shall be binding on the Company, the Board of Directors or the Committee until it is received by the Company, the Board of Directors or the Committee, respectively and no respectively. A communication shall be deemed binding on a Participant or the Participant's Beneficiaries until it 60 days following the date notice is received by the Participant given or the Participant's Beneficiaries, respectivelysent pursuant to Subsection 16.3.

Appears in 2 contracts

Sources: Trust Agreement (Tidewater Inc), Trust Agreement (Vencor Inc)

Binding upon Receipt. No communication shall be binding on the Trustee until it is received by the Trustee, and no communication shall be binding on the Company, the Board of Directors Directors, or the Committee until it is received by the Company, the Board of Directors Directors, or the Committee, respectively and no respectively. A communication shall be deemed binding on a Participant or the Participant's Beneficiaries until it 60 days following the date notice is received by the Participant given or the Participant's Beneficiaries, respectivelysent pursuant to Subsection 16.3.

Appears in 2 contracts

Sources: Trust Agreement (Kaufman & Broad Home Corp), Trust Agreement (Wachovia Corp/ Nc)

Binding upon Receipt. No communication shall be binding on the Trustee until it is received by the Trustee, and no communication shall be binding on the Company, the Board of Directors or the Committee until it is received by the Company, the Board of Directors or the Committee, respectively respectively, and no communication shall be binding on a Participant or the Participant's ’s Beneficiaries until it is received by the Participant or the Participant's ’s Beneficiaries, respectively.

Appears in 1 contract

Sources: Benefit Equity Trust Agreement (Beckman Coulter Inc)