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In an important ERISA decision that announces the standard of review for so-called "top hat" plans, the 3rd U.S. Circuit Court of Appeals has held that such plans "should be treated as unilateral contracts," and therefore that "neither party's interpretation should be given precedence over the other's, except in accordance with ordinary contract principles."
May 29, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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