Common use of Distribution After Payment Date Clause in Contracts

Distribution After Payment Date. If a Change in Control occurs after the Payment Date and the Employee is in the active employ of the Company as of the date of the Change in Control, the Trustee shall make a distribution to the Employee of an amount equal to all amounts allocated to the Employee’s Account as of the date of the Change in Control.

Appears in 10 contracts

Samples: Executive Bonus Agreement, Executive Bonus Agreement (DT Credit Company, LLC), Executive Bonus Agreement (DT Credit Company, LLC)

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