Common use of Distribution Upon Termination Clause in Contracts

Distribution Upon Termination. When this Trust expires or is terminated in accordance with Section 6.1, the Trustee shall distribute the Trust Fund to Grantor less any full and adequate provision or reserves for any distributions to be made pursuant to any outstanding Demands under Sections 4.7 and 6.1.3 and any deductions authorized or required by Section 7.3.

Appears in 3 contracts

Samples: Indemnification Agreement (Microsoft Corp), Directors’ Indemnification Trust Agreement (Microsoft Corp), Officers’ Indemnification Trust Agreement (Microsoft Corp)

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Distribution Upon Termination. When this Trust expires or is terminated in accordance with Section 6.1, the Trustee shall distribute the Trust Fund to Grantor less any full and adequate provision or reserves for any distributions to be made pursuant to any outstanding Demands under Sections Section 4.7 and 6.1.3 and any deductions authorized or required by Section 7.3.

Appears in 1 contract

Samples: 2009 Officers’ Indemnification Trust Agreement (Microsoft Corp)

Distribution Upon Termination. When this Trust expires or is terminated in accordance with Section 6.1, the Trustee shall distribute the Trust Fund to Grantor less any full and adequate provision or reserves for any distributions to be made pursuant to any outstanding Demands under Sections Section 4.7 and 6.1.3 6.1.2 and any deductions authorized or required by Section 7.3.

Appears in 1 contract

Samples: 2003 Indemnification Trust Agreement (Microsoft Corp)

Distribution Upon Termination. When this Trust expires or is terminated in accordance with Section 6.1, the Trustee shall distribute the Trust Fund to Grantor less any full and adequate provision or reserves for any distributions to be made pursuant to any outstanding Demands demands under Sections Section 4.7 and 6.1.3 6.1.2 and any deductions authorized or required by Section 7.3.

Appears in 1 contract

Samples: 2003 Indemnification Trust Agreement (Microsoft Corp)

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Distribution Upon Termination. When this Trust expires or is terminated in accordance with Section 6.14.1, the Trustee shall distribute the Trust Fund to Grantor less any full and adequate provision or reserves for any distributions to be made pursuant to any outstanding Demands demands under Sections 4.7 and 6.1.3 Section 2.7 and any deductions authorized or required by Section 7.35.3 hereof.

Appears in 1 contract

Samples: Trust Agreement (Microsoft Corp)

Distribution Upon Termination. When this Trust expires or is terminated in accordance with Section 6.1, the Trustee shall shall, upon the direction of Grantor, distribute the Trust Fund to Grantor less any full and adequate provision or reserves for any distributions to be made pursuant to any outstanding Demands demands for payment under Sections 4.7 and 6.1.3 Section 4.6 and any deductions authorized or required by Section amounts payable pursuant to Sections 4.10 and 7.3.

Appears in 1 contract

Samples: Indemnification Trust Agreement (Medtronic Inc)

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