Amount of Benefits Discretionary

Example Definitions of "Amount of Benefits Discretionary"
Amount of Benefits Discretionary. A Participant shall not be eligible to receive any Benefit under the Program except as determined by the Employer in its sole discretion. The Employer may, for any reason, in its sole discretion determine that the Participant shall not receive any Benefit under the Program. The Participant does not have a legally binding right to receive any amount under the Program before the Employer makes a determination to pay the Participant a Benefit under the Program. The Employer's determination as to... the amount of Benefit (if any) payable to a Participant shall be conclusive and binding on the Participant and all persons claiming through him. No Benefit will be paid to a Participant under the Program unless it is approved by the Program Administrator View More
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