Common use of Distribution Upon Termination Clause in Contracts

Distribution Upon Termination. Upon termination of this Trust, Trustee shall liquidate the Trust fund and provide a final account to the Company and the Committee. To the extent Trust assets are sufficient, the Trustee shall pay to each Participant the appropriate Benefit Amount. After its final account has been settled as provided in Section 7.1(c), Trustee shall return to the Company any assets remaining after the distributions described in this Section 8.3. Upon making such distributions, Trustee shall be relieved from all further liability. The powers of Trustee hereunder shall continue so long as any assets of the Trust fund remain in its hands.

Distribution Upon Termination. Upon termination If this Trust terminates under the provisions of this TrustSection 9.1, the Trustee shall liquidate the Trust fund and provide a final account to the Company and the Committee. To the extent Trust assets are sufficientFund and, the Trustee shall pay to each Participant the appropriate Benefit Amount. After after its final account has been settled as provided in Section 7.1(c)Article IV, Trustee shall return 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 distributions described in this Section 8.3terms of the Plan on the date of such termination, have been paid to the Members and Beneficiaries. Upon making such distributionsdistribution, 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. Upon termination of If this TrustTrust is terminated, the Trustee shall liquidate the Trust fund and provide a final account Fund to the Company and extent required for distribution upon the Committee. To written direction of the extent Trust assets are sufficient, the Trustee shall pay to each Participant the appropriate Benefit AmountAdministrator. After its the Trustee's final account has been settled as provided in Section 7.1(c)Article IV, the Trustee shall return to distribute the Company any assets remaining after net balance of the distributions described Trust Fund in this Section 8.3accordance with the directions of the Administrator, or in the absence of the Administrator's direction, as may be directed by a judgment or decree of a court of competent jurisdiction. Upon making such the 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 Fund remain in its hands.

Distribution Upon Termination. Upon termination If this Trust terminates under the provisions of this TrustSection 9.1, the Trustee shall liquidate the Trust fund and provide a final account to the Company and the Committee. To the extent Trust assets are sufficientFund and, the Trustee shall pay to each Participant the appropriate Benefit Amount. After after its final account has been settled as provided in Section 7.1(c)Article IV, Trustee shall return 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 distributions described in this Section 8.3terms of the Plans on the date of such termination, have been paid to the Participants and Beneficiaries. Upon making such distributionsdistribution, 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.