Common use of Amount of Payments After Resumption Clause in Contracts

Amount of Payments After Resumption. Provided that there are sufficient assets, if the Trustee discontinues the payment of benefits from the Trust pursuant to this Section 9 and subsequently resumes such payments, the first payment following such discontinuance shall include the aggregate amount of all payments due to Plan participants or their beneficiaries under the terms of the Plan for the period of such discontinuance, less the aggregate amount of any payments made to Plan participants or their beneficiaries by the Employer in lieu of the payments provided for hereunder during any such period of discontinuance.

Appears in 5 contracts

Samples: Rabbi Directed Trust Agreement (Mercantile Bank Corp), Rabbi Directed Trust Agreement (Five Below, Inc), Trust Agreement (United Fire Group Inc)

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Amount of Payments After Resumption. Provided that there are sufficient assets, if the Trustee discontinues the payment of benefits from the Trust pursuant to this Section 9 and subsequently resumes such payments, the first payment following such discontinuance shall include the aggregate amount of all payments due to Plan participants Participants or their beneficiaries under the terms of the Plan for the period of such discontinuance, less the aggregate amount of any payments made to Plan participants Participants or their beneficiaries by the Employer in lieu of the payments provided for hereunder during any such period of discontinuance.

Appears in 1 contract

Samples: Trust Agreement (Equifax Inc)

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