PAYMENT OF TERMINATION BENEFIT. A Participant, in connection with his or her commencement of Participation in the Plan, shall elect on an Election Form to receive the Termination Benefit in a lump sum, in monthly installments over a period of 60 months or over a period of 120 months, or, with the written consent of the Committee, in any other form specified by the Participant, with the portion of the Termination Benefit which is yet to be distributed being credited (or debited) with earnings, gains, losses, and changes in value of the Measuring Funds as set forth in Section 3.7. The Participant may change this election to any form specified by the Participant by submitting a new Election Form to the Committee, provided that # any such Election Form is submitted at least one year prior to the Participant’s Termination of Employment, # any form other than a lump sum shall be subject to the written consent of the Committee at least 12 months before the Participant’s Termination of Employment, # the new payout period does not commence until at least five years from the date the Termination Benefit would have been paid, and # the new election is not effective until at least one year after the date the new Election Form is submitted to the Committee. For purposes of the preceding sentence, installment payments will be treated as a single lump-sum of payment on the date payments would otherwise commence. Subject to [Section 15.18], the lump sum payment shall be made, or installment payments shall commence, no later than 60 days from the date of the Participant’s Termination of Employment. If a Participant has not filed an Election Form with the Committee validly specifying the manner in which his or her Termination Benefit will be paid, his or her Termination Benefit will be paid in the form of a lump sum.

Payment of Termination Benefit. The Termination Benefit shall be paid to the Participant no later than 60 days after the Participant’s Benefit Distribution Date.

Benefit. All statements, representations, warranties, covenants and agreements in this Agreement shall be binding on the parties hereto and shall inure to the benefit of the respective successors and permitted assigns of each party hereto. Nothing in this Agreement shall be construed to create any rights or obligations except among the parties hereto, and no person or entity shall be regarded as a third-party beneficiary of this Agreement.

Benefit. This Second Amendment shall inure to the benefits of and bind the parties hereto and their respective successors and assigns.

Benefit. Guarantor is the owner of an indirect interest in Borrower and each other Loan Party, and has received, or will receive, direct or indirect benefit from the making of this Guaranty with respect to the Guaranteed Obligations.

Benefit. The provisions of this Section 7.7 are also for the benefit of the Indemnitees, their employees, officers, directors, trustees, heirs, successors, assigns and administrators and shall not be deemed to create any rights for the benefit of any other Persons. Any amendment, modification or repeal of this Section 7.7, or any provision hereof, shall be prospective only and shall not in any way affect the limitation on the Company’s liability to any Indemnitee under this Section 7.7 as in effect immediately prior to such amendment, modification or repeal with respect to claims arising from or related to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when such claims may arise or be asserted.

BENEFIT. This Agreement will be binding upon and will inure to the benefit of each of the parties hereto, and to their respective heirs, representatives, successors and permitted assigns. Employee may not assign any of Employee’s rights or delegate any of Employee’s duties under this Agreement.

Benefit Plans. Executive shall be entitled to participate in the executive employee health and welfare, retirement and other employee benefits programs offered generally from time to time by Ceridian to its senior executive employees in the applicable country, to the extent that Executive’s position, tenure, salary, and other qualifications make Executive eligible to participate.

Benefit Plans. In addition, # the Executive shall be eligible to participate in all other incentive plans, practices, policies and programs, and all savings and retirement plans, policies and programs, in each case that are applicable generally to senior executives of the Company; # the Executive and the Executive’s eligible family members shall be eligible for participation in the welfare benefit plans, practices, policies and programs (including, if applicable, medical, dental, vision, disability, employee life, group life and accidental death insurance plans and programs) maintained by the Company for its senior executives; # the Executive shall be entitled to receive prompt reimbursement for all reasonable business expenses incurred by the Executive in accordance with subsection # below and the policies, practices, and procedures of the Company provided to senior executives of the Company; and # the Executive shall be entitled to such fringe benefits and perquisites as are provided by the Company to its senior executives from time to time, in accordance with the policies, practices, and procedures of the Company.

Benefit Coverage. The Executive is entitled to participate in all benefit programs and plans established by the Company from time to time for the benefit of its employees generally and for which the Executive is eligible. During the Employment Term, the Company will pay the premium expense for medical and dental coverage for the Executive and the Executive’s dependents under the Company’s established medical and dental benefit plans at no cost to the Executive; provided, that if the provision of any such coverage under a fully-insured plan would subject the Company to an excise tax, then the foregoing provision shall not apply.