Excess Benefit Plan - 范本

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(a) In any instance in which the Pension Committee believes such action to be in the best interest of the party entitled to receive any payment under this Plan, or to be in the best interests of a Participating Employer (such as to eliminate small monthly retirement payments or to avoid the administrative inconvenience and expense which might be incurred if relatively small amounts were to be paid to multiple recipients over lengthy periods of time), amounts payable hereunder may be paid in a single lump sum, the amount of which shall be the Actuarial Equivalent of the benefits otherwise payable.

(b) In the event of the death of a Participant or any Beneficiary designated by him or her, no payment need be made by the Plan until the Pension Committee shall have received proof satisfactory to it of such death and of the identity, existence and location of the party thereafter entitled to receive payments under this Plan.

(c) In making any payment or taking any action under this Plan, the Participating Employer and the Pension Committee shall be absolutely protected in relying upon any finding or statement of facts believed by it to be true, and on any written instrument believed by it to have been signed by the proper party.

(d) This Plan shall be construed and enforced under and in accordance with the laws of the State of Missouri.

(e) All actuarial matters hereunder shall be decided by the Actuary then employed to provide actuarial services to the Basic Plan.

 

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Excess Benefit Plan - Anheuser-Busch Companies Inc. (Sep 11, 1984).docx 下载
发布于 2021-08-18 10:03:36
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