Distribution of Trust Assets. (A) The Grantor shall deliver to the Trustee a schedule (the "Payment Schedule") that provides (1) the amounts payable in respect of each Beneficiary, (2) a formula or other instructions acceptable to the Trustee for determining the amounts so payable, (3) the form in which such amounts are to be paid (as provided for or available under the Plans), and (4) the time of commencement for payment of such amounts. Except as otherwise provided herein, the Trustee shall make payments to the Beneficiaries in accordance with such Payment Schedule.
Appears in 5 contracts
Samples: Trust Agreement (First American Investment Funds Inc), Trust Agreement (First American Insurance Portfolios Inc), Trust Agreement (First American Investment Funds Inc)
