Allocations upon Termination Sample Clauses

Allocations upon Termination. Upon any distribution to participants ---------------------------- under Section 5.1, the Trustee shall make distributions with respect to benefits under any Plan from the account for such Plan to the extent of the balance of such account. If such account is insufficient to pay such benefits in full, the deficiency shall be allocated among the participants in proportion to the present value of the accrued benefit of each participant under the Plan. If the balance of the account exceeds the amount of benefits payable under the Plan, the excess shall first be allocated to participants in proportion to the aggregate amount of deficiencies allocated to each participant with respect to other Plans, and second, if the assets of the Trust exceed the value of all accrued benefits under the Plans, the excess shall be returned to the Company.
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Allocations upon Termination. Upon the termination of the Partnership:
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Allocations upon Termination. Notwithstanding Section 6.1(b), in the event of a termination of the Company, after the Company makes all allocations required under Section 6.2 hereof, Net Profits and Net Losses for such Fiscal Year or other period shall be allocated to the Members to the extent of and in proportion to the amount required to cause the Capital Account balance of each Member to equal the amount distributable to such Member in accordance with Section 13.2(c)(ii) hereof; provided, however, that, in the event that allocations of Net Profit in such Fiscal Year are insufficient to cause the Capital Account balance of a Member to equal the amount distributable to such Member under Section 13.2(c)(ii), such shortfall shall be eliminated or reduced through (i) a reallocation of Net Profits relating to prior Fiscal Years to the extent permitted by law and (ii) a special allocation of items of Company gross income, gain, deduction and loss.
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Related to Allocations upon Termination

  • Actions Upon Termination Upon the termination of this Agreement, Issuer shall remove all references to any ODB Name, Branding and Content from the Issuer Site or Issuer Content and terminate all links on the Issuer Site to any ODB Site. ODB shall remove all references to Issuer Name, Branding and Content and terminate all links on the ODB Site to any Issuer Site. Each Party shall promptly return all Confidential Information, documents, manuals and other materials stored in any form or media (including but not limited to electronic copies) belonging to the other Party, except as may be otherwise provided in this Agreement or required by Law.

  • Obligations Upon Termination Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party. If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.

  • Deliveries Upon Termination Upon termination of this Agreement, ALPS agrees to cooperate in the orderly transfer of distribution duties and shall deliver to the Fund or as otherwise directed by the Fund (at the expense of the Fund) all records and other documents made or accumulated in the performance of its duties for the Fund hereunder. In the event ALPS gives notice of termination under this Agreement, it will continue to provide the services contemplated hereunder after such termination at the contractual rate for up to 120 days, provided that the Fund uses all reasonable commercial efforts to appoint such replacement on a timely basis.

  • Rights Upon Termination Except as expressly provided in Section 6, upon the termination of the Executive’s Employment pursuant to this Section 5, the Executive shall only be entitled to the compensation, benefits and reimbursements described in Sections 2, 3 and 4 for the period preceding the effective date of the termination. The payments under this Agreement shall fully discharge all responsibilities of the Company to the Executive.

  • Payments Upon Termination (a) In the event the Employee’s employment is terminated pursuant to Section 4.1, Section 4.2, Section 4.4 or Section 4.6, the Company shall pay to the Employee the compensation and benefits otherwise payable to him or her under Sections 3.1 and 3.4 through the last day of his or her actual employment by the Company.

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • Upon Termination Except as otherwise stated in Section 6, in the event Executive leaves the employ of the Company for any reason prior to the date the Annual Bonus is paid, Executive is not eligible to earn such Annual Bonus, prorated or otherwise.

  • Events Upon Termination Upon the expiration or termination of this Agreement for any reason, both parties shall immediately remove all links to the other party's Content and website(s) and cease all use of the other party's Marks and any and all use of any kind whatsoever of the other party's Content.

  • Duties Upon Termination Upon termination of this Agreement for any reason, the Contractor shall upon receipt of all sums due and owing, promptly deliver the following in accordance with the directions of the Company:

  • Payment Upon Termination Termination of this Agreement shall not affect the right of the Adviser to receive payment on any unpaid balance of the compensation described in Section 2 earned prior to such termination.

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