DISTRIBUTION OF TRUST FUND. Subject to Section 13.06, the Trustee will make all distributions of benefits under the Plan in Employer Securities valued at fair market value at the time of distribution. The Trustee will pay in cash any fractional security share to which a Participant or his Beneficiary is entitled. In the event the Trustee is to make a distribution in shares of Employer Securities, the Trustee may apply any balance in a Participant's General Investments Account to provide whole shares of Employer Securities for distribution at the then fair market value. If the Employer's charter or bylaws restrict ownership of substantially all shares of Employer Securities to Employees, or to the Trust, as described in Code ss.409(h)(2), the Trustee will make the distribution of a Participant's Accrued Benefit entirely in cash. Notwithstanding the preceding provisions of this Section 10.08, the Trustee, if directed in writing by the Advisory Committee, will pay, in cash, any cash dividends on Employer Securities allocated, or allocable to Participants' Employer Securities Accounts, irrespective of whether a Participant is fully vested in his Employer Securities Account. The Advisory Committee's direction must state whether the Trustee is to pay the cash dividend distributions currently, or within the 90 day period following the close of the Plan Year in which the Employer pays the dividends to the Trust. The Advisory Committee may request the Employer to pay dividends on Employer Securities directly to Participants.
DISTRIBUTION OF TRUST FUND. In the absence of a contrary Participant election, the Trustee shall, to the extent of the Employer Securities in a Participant's Accounts, make all distributions of benefits to such Participant under the Plan in Employer Securities. A Participant may, however, elect to receive this distribution in cash based on the fair market value of the Employer Securities at the time of the distribution or in a combination of cash and Employer Securities. The Trustee shall pay in cash any fractional security share to which a Participant or his Beneficiary is entitled. Any remaining balance in a Participant's Accounts shall be paid in cash, except that, at the Participant's election, such balance shall be applied to provide whole shares of common stock of DST Systems, Inc. for Participants in the Plan for distribution at the then fair market value. If the charter or bylaws of the Issuer of the Employer Securities restrict ownership of substantially all shares of Employer Securities to Employees and the Trust, as described in Code ss.409(h)(2), the Trustee may make the distribution of a Participant's Accrued Benefit entirely in cash without granting the Participant the right to demand distribution in shares of Employer securities. In addition to the distribution options set forth above, a Participant in the Plan may elect to receive a distribution in the form of a number of shares of common stock of Kansas City Southern Industries, Inc. allocated to such Participant's Accounts as of the date of the distribution, with the balance in cash, shares of common stock of DST or a combination of both. Notwithstanding the preceding provisions of this Section 10.08, the Trustee, if directed in writing by the Advisory Committee, shall pay, in cash, any cash dividends on Employer Securities allocated, or allocable to Participants' Employer Securities Account in the Plan, irrespective of whether a Participant is fully vested in his Employer Securities Account. The Advisory Committee's direction shall state whether the Trustee is to pay the cash dividend distributions currently, or within the ninety (90) day period following the close of the Plan Year in which DST pays the dividends to the Trust. The Advisory Committee may request DST to pay dividends on Employer Securities directly to Participants in the Plan.
DISTRIBUTION OF TRUST FUND. The Trustee shall make all distributions in accordance with the direction of the Committee. The Trustee shall not distribute Company Stock to any participant or terminated participant or beneficiary of such participant 9
DISTRIBUTION OF TRUST FUND. Upon termination or partial termination of the Plan, the Committee may direct the Trustee: (a) to continue to administer the Trust Fund and pay account balances in accordance with Article VIII to Participants affected by the termination upon their termination of employment, or to their Beneficiaries upon such Participant's death, until the Trust Fund has been liquidated and (b) to distribute the assets remaining in the Trust Fund, after payment of any expenses properly chargeable thereto and all benefits provided by the Plan, to the Company.
DISTRIBUTION OF TRUST FUND. The Trustee shall make all distributions of a Participant's Nonforfeitable Accrued Benefit in whole shares of Employer Securities valued at fair market value at the time of distribution unless, effective January 1, 1993 through December 31, 1995, the Participant elects to receive his or her accrued benefit entirely in cash. The Trustee will pay in cash any fractional security share to which a Participant or his Beneficiary is entitled. In the event the Trustee is to make a distribution in shares of Employer Securities, the Trustee may apply any balance in a Participant's General Investments Account to provide whole shares of Employer Securities for distribution at the then fair market value. If the Employer's charter or bylaws restrict ownership of substantially all shares of Employer Securities to Employees and the Trust, as described in Code Section 409(h)(2), the Trustee will make the distribution of a Participant's Accrued Benefit entirely in cash. Notwithstanding the preceding provisions of this Section 10.8, the Trustee, if directed in writing by the Advisory Committee, will pay, in cash, any cash dividends (which have been held by the Plan for less than two years) on Employer Securities allocated, or allocable to Participants Employer Securities Accounts, irrespective of whether a Participant is fully vested
DISTRIBUTION OF TRUST FUND. The Trustee shall make all distributions of benefits under the Plan in Employer Securities valued at fair market value at the time of distribution, provided, however:
