Distribution After Termination. Upon termination of the Trust as set forth under Section 5.01 above, the producing properties comprising the Trust shall be distributed in the form of Assignment of Working Interest in accordance with the number of Units owned by each Unit Owner. Any non-producing property or property that has not been drilled during the term of the Trust shall be re-assigned by the Trustees back to the Trustor. Upon distribution of the interests to the Unit Owner, the Unit Owner shall own same free and clear of all liens, subject to the payment of lease operating expenses and subject to the Unit Owners’ execution of an Operating Agreement.
Distribution After Termination. The Plan Administrator must promptly notify the Trustee when a
Distribution After Termination. If the Plan is terminated for any reason, the Plan Administrator must direct the Trustee as to the distribution of the Trust Fund. If at the time the Plan terminates, the Plan does not offer an annuity option (purchased from a commercial provider) and if the Employer or any entity within the same controlled group as the Employer does not maintain another defined contribution plan other than an employee stock ownership plan as defined in Code section 4975(e)(7)) (an "ESOP"), the Plan Administrator will direct the Trustee to distribute each Participant's Account to the Participant without the Participant's consent. If, however, any entity within the same controlled group as the Employer maintains another defined contribution plan other than an ESOP, the Plan Administrator will direct the Trustee to transfer each Participant's Account without the Participant's consent to the other plan if the Participant does not consent to an immediate distribution.
Distribution After Termination. 55 21. WITHDRAWAL......................................................55 22. ARBITRATION.....................................................55
Distribution After Termination. Upon the termination of the Partnership, the sale of all of the Partnership property or dissolution of the Partnership, a full account of the assets and liabilities of the Partnership shall be taken and the assets shall be applied, except as otherwise provided in this Agreement, as follows:
Distribution After Termination. 75 11.4 Merger, Consolidation, or Transfer.....................................75 11.5 Maintenance of Qualified Status........................................75
Distribution After Termination. ARTICLE VI . ADMINISTRATION OF TRUST AND POWERS OF THE TRUSTEES
Distribution After Termination. KAINOS and any of its sublicensees granted rights under this Agreement will be entitled to continue to distribute and sell Products manufactured prior to the date of termination pursuant to the terms of this Agreement notwithstanding termination of the licenses granted in Section 1, for a period not to exceed three (3) months. However, KAINOS must not manufacture or reproduce Products after the termination of the licenses granted in Section 1.1 and no sublicensee may manufacture or reproduce Products after the termination of the license granted to KAINOS.
Distribution After Termination. 10.1 Mindscape and any of its sublicensees granted rights under this Agreement shall be entitled to continue to hold the right to distribute and sell Licensed Products manufactured prior to the date of termination pursuant to the terms of this Agreement notwithstanding termination of the licenses granted in Section 2. 1. Licensed Products sold during this post-termination period shall be subject to royalty payments under Section 8. However, Mindscape shall not manufacture or reproduce Licensed Products after the termination of the licenses granted in Section 2.1 and no sublicensee shall manufacture or reproduce Licensed Products after the termination of its license which has been granted under Section 2.2 SECTION 11 LEGAL PROCEEDINGS
Distribution After Termination. Licensee shall be entitled to continue to hold the right to distribute and sell Licensed Products manufactured prior to the date of termination pursuant to the terms of this Agreement notwithstanding termination of the licenses granted in Section 2. 1. Licensed Products sold during this post-termination period shall be subject to royalty payments under Section 8. However, Licensee shall not manufacture or reproduce Licensed Products after the termination of the licenses granted in Section 2.1.
