Common use of Non-Stock Distributions Clause in Contracts

Non-Stock Distributions. If at any time during the term of this Agreement the Trustee shall receive or collect any moneys (other than in payment of cash dividends) or any property (other than Shares) upon the Trust Shares, the Trustee shall distribute the same, less any applicable withholding tax, to the Beneficiaries as soon as practicable after its receipt thereof.

Non-Stock Distributions. If at any time during the term of this Agreement Agreement, the Trustee shall receive or collect any moneys (through a distribution by the Company to the stockholders, other than in payment of cash dividends) , or shall receive any property (other than Sharesshares of the Company's common or preferred stock or securities convertible into same) upon through a distribution by the Trust SharesCompany to its stockholders, the Trustee shall distribute the same, less any applicable withholding tax, same to the Beneficiaries as soon as practicable after its receipt thereofeach Beneficiary in proportion to each Beneficiary's Shares.

Non-Stock Distributions. If at any time during the term of this Agreement the Trustee shall receive or collect any moneys (other than in payment of cash dividends) or any property (other than SharesCompany Shares or Voting Securities) upon the Trust Shares, the Trustee shall distribute deposit the samesame in the relevant Beneficiary Account with respect to such Trust Shares and, less any subject to applicable withholding tax, shall remit the same to the Beneficiary with respect to whom such Beneficiary Account has been established and maintained. The Trustee may arrange with the Company for the direct payment by the Company, as applicable, to the Beneficiaries as soon as practicable after its receipt thereofof any such dividends.