Common use of Payment to Trustees Clause in Contracts

Payment to Trustees. The Participants’ After-tax Savings withheld shall be paid to the Trustees by the Company on the earliest date on which such After-tax Savings can reasonably be segregated from the Company’s general assets. A statement showing the amount representing the After-tax Savings of each Participant shall accompany each such payment.

Appears in 5 contracts

Samples: Retirement and Savings Plan (Host Marriott L P), Retirement and Savings Plan (Host Hotels & Resorts, Inc.), Retirement and Savings Plan (Host Marriott Corp/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!