Common use of Distribution Upon Termination Clause in Contracts

Distribution Upon Termination. If this Trust terminates under the provisions of Section 9.1, the Trustee shall liquidate the Trust Fund and, after its final account has been settled as provided in Article IV, shall distribute to the Company the net balance of any assets of the Trust remaining after all expenses have been paid and all Benefits, whether or not due and payable under the terms of the Plan on the date of such termination, have been paid to the Members and Beneficiaries. Upon making such distribution, the Trustee shall be relieved from all further liability. The powers of the Trustee hereunder shall continue so long as any assets of the Trust Fund remain in its hands.

Distribution Upon Termination. If Upon termination of this Trust terminates under the provisions of Section 9.1Trust, the Trustee shall liquidate the Trust Fund andfund and provide a final account to the Company and the Committee. To the extent Trust assets are sufficient, after the Trustee shall pay to each Participant the appropriate Benefit Amount. After its final account has been settled as provided in Article IVSection 7.1(c), Trustee shall distribute return to the Company the net balance of any assets of the Trust remaining after all expenses have been paid and all Benefits, whether or not due and payable under the terms of the Plan on the date of such termination, have been paid to the Members and Beneficiariesdistributions described in this Section 8.3. Upon making such distributiondistributions, the Trustee shall be relieved from all further liability. The powers of the Trustee hereunder shall continue so long as any assets of the Trust Fund fund remain in its hands.

Distribution Upon Termination. If this Trust terminates under the provisions of Section 9.1is terminated, the Trustee shall liquidate the Trust Fund and, after its to the extent required for distribution upon the written direction of the Administrator. After the Trustee's final account has been settled as provided in Article IV, the Trustee shall distribute to the Company the net balance of any assets the Trust Fund in accordance with the directions of the Trust remaining after all expenses have been paid and all BenefitsAdministrator, whether or not due and payable under in the terms absence of the Plan on the date Administrator's direction, as may be directed by a judgment or decree of such termination, have been paid to the Members and Beneficiariesa court of competent jurisdiction. Upon making such distributionthe distributions, the Trustee shall be relieved from all further liability. The powers of the Trustee hereunder under this Agreement shall continue so long as any assets of the Trust Fund remain in its hands.

Distribution Upon Termination. If this Trust terminates under the provisions of Section 9.1, the Trustee shall liquidate the Trust Fund and, after its final account has been settled as provided in Article IV, shall distribute to the Company Employer the net balance of any assets of the Trust remaining after all expenses have been paid and all Benefits, whether or not due and payable under the terms of the Plan Plans on the date of such termination, have been paid to the Members Participants and Beneficiaries. Upon making such distribution, the Trustee shall be relieved from all further liability. The powers of the Trustee hereunder shall continue so long as any assets of the Trust Fund remain in its hands.

Distribution Upon Termination. If this Trust terminates under the provisions of Section 9.1is terminated, the Trustee shall liquidate the Trust Fund and, after its to the extent required for distribution upon the written direction of the Committee. After the Trustee's final account has been settled as provided in Article IVV, the Trustee shall distribute to the Company the net balance of any assets the Trust Fund in accordance with the directions of the Trust remaining after all expenses have been paid and all BenefitsCommittee, whether or not due and payable under in the terms absence of the Plan on the date Committee direction, as may be directed by a judgment or decree of such termination, have been paid to the Members and Beneficiariesa court of competent jurisdiction. Upon making such distributionthe distributions, the Trustee shall be relieved from all further liability. The powers of the Trustee hereunder under this Agreement shall continue so long as any assets of the Trust Fund remain in its hands.

Distribution Upon Termination. If this Trust terminates under the provisions of Section 9.1terminates, the Trustee shall liquidate the Trust Fund and, after its final account has been settled as provided in Article IVsettled, shall distribute to the Company the net balance of any assets of the Trust remaining after (a) all expenses of the Trust have been paid and (b) all Benefits, whether or not due and payable under the terms of the Plan on the date of such termination, benefits have been paid fully distributed to the Members and Participants or Beneficiaries. Upon making such distribution, the Trustee shall be relieved from all further liability. The powers of the Trustee hereunder shall continue so long as any assets of the Trust Fund remain in under its handscontrol or the control of an Investment Manager.

Distribution Upon Termination. If Upon termination of this Trust terminates under the provisions of Section 9.1Trust, the Trustee shall liquidate the Trust Fund andfund and provide a final account to the Company. To the extent Trust assets are sufficient, after the Trustee shall pay to each Trust Beneficiary the appropriate Benefit Amount. After its final account has been settled as provided in Article IVSection7.1(c), Trustee shall distribute return to the Company the net balance of any assets of the Trust remaining after all expenses have been paid and all Benefits, whether or not due and payable under the terms of the Plan on the date of such termination, have been paid to the Members and Beneficiariesdistributions described in this Section 8.3. Upon making such distributiondistributions, the Trustee shall be relieved from all further liability. The powers of the Trustee hereunder shall continue so long as any assets of the Trust Fund fund remain in its hands.