Common use of Commencement of Distributions Clause in Contracts

Commencement of Distributions. (1) Each lump sum distribution and the first distribution in a series of installment payments (if applicable) shall commence as elected in (A), (B) or (C) below: (A) ¨ Monthly on the day of the month which day next follows the applicable triggering event described in 1.07(a). (B) ¨ Quarterly on the day of the following months , , , or (list one month in each calendar quarter) which day next follows the applicable triggering event described in 1.07(a). (C) x Annually on the 1st day of a calendar month which day next follows the applicable triggering event described in 1.07(a).

Appears in 1 contract

Samples: Adoption Agreement (Adtran Inc)

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Commencement of Distributions. (1) Each lump sum distribution and the first distribution in a series of installment payments (if applicable) shall commence as elected in (A), (B) or (C) below: (A) ¨ x Monthly on the 1st day of the month which day next follows the applicable triggering event described in 1.07(a). (B) ¨ Quarterly on the day of the following months , , , or (list one month in each calendar quarter) which day next follows the applicable triggering event described in 1.07(a). (C) x ¨ Annually on the 1st day of a calendar month (month) which day next follows the applicable triggering event described in 1.07(a).

Appears in 1 contract

Samples: Adoption Agreement (WABCO Holdings Inc.)

Commencement of Distributions. (1) Each lump sum distribution and the first distribution in a series of installment payments (if applicable) shall commence as elected in (A), (B) or (C) below: (A) ¨ Monthly on the 1st day of the month which day next follows the applicable triggering event described in 1.07(a). (B) ¨ Quarterly on the day of the following months , , , or (list one month in each calendar quarter) which day next follows the applicable triggering event described in 1.07(a). (C) x Annually on the 1st day of a calendar month which day next follows the applicable triggering event described in 1.07(a).

Appears in 1 contract

Samples: Adoption Agreement (Adtran Inc)

Commencement of Distributions. (1) Each lump sum distribution and the first distribution in a series of installment payments (if applicable) shall commence as elected in (A), (B) or (C) below: (A) ¨ x Monthly on the 15th day of the month which day next follows the applicable triggering event described in 1.07(a). (B) ¨ Quarterly on the day of the following months , , , or (list one month in each calendar quarter) which day next follows the applicable triggering event described in 1.07(a). (C) x ¨ Annually on the 1st day of a calendar month (month) which day next follows the applicable triggering event described in 1.07(a).

Appears in 1 contract

Samples: Adoption Agreement (Orasure Technologies Inc)

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Commencement of Distributions. (1) Each lump sum distribution and the first distribution in a series of installment payments (if applicable) shall commence as elected in (A), (B) or (C) below: (A) ¨ x Monthly on the 8th day of the month which day next follows the applicable triggering event described in 1.07(a). (B) ¨ Quarterly on the day of the following months , , , or (list one month in each calendar quarter) which day next follows the applicable triggering event described in 1.07(a). (C) x ¨ Annually on the 1st day of a calendar month (month) which day next follows the applicable triggering event described in 1.07(a).

Appears in 1 contract

Samples: Adoption Agreement (Arch Capital Group Ltd.)

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