If merely putting chips in a case with a label constitutes a "slabbed chip"...

... then I no longer generally agree with the club's policy on slabbing at all.

I've seen chips sealed in containers by members that had writing on them as to catalog numbers, TCR values, etc. Hell, those are more "slabbed" that the ones shown in that photo.

This is one of the many problems I personally have with "the pledge". There is no specific definition of what constitutes "slabbing" or what makes one a "dealer".