Common use of Payments to Plan Participants and Their Beneficiaries Clause in Contracts

Payments to Plan Participants and Their Beneficiaries. (a) ATC shall deliver to the Trustee a schedule (the "Payment Schedule") that indicates the amounts payable in respect of each Plan participant (and his or her beneficiaries), that provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable, the form in which such amount is to be paid (as provided for or available under the Plans) and the time of commencement for payment of such amounts. Except as otherwise provided herein, the Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provision for the reporting and withholding of any federal, state or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of the Plans and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the Company. ATC shall give timely directions to the Trustee with respect to the reporting, withholding and payment of taxes and the Trustee shall not be required to report, withhold or pay taxes in the absence of such directions.

Payments to Plan Participants and Their Beneficiaries. (a) ATC The Company or its designee shall deliver to the Trustee a schedule (the "Payment Schedule") that indicates the amounts payable in respect of to each Plan participant (and his or her beneficiaries), that provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable, the form in which such amount is to be paid (as provided for or available under the Plans) Plan(s)), and the time of commencement for payment of such amounts. Except as otherwise provided herein, the Trustee or its agent shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provision for the reporting and withholding of any federal, state state, or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of the Plans Plan(s) and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by each Employer. The Trustee may rely on instructions from the Company. ATC Company or its designee as to any required withholding or payments made by the Company and shall give timely directions to the Trustee with respect to the reporting, withholding be fully protected under Sections 8 and payment of taxes and the Trustee shall not be required to report, withhold or pay taxes 10 hereof in the absence of relying on such directionsinstructions.

Payments to Plan Participants and Their Beneficiaries. (a) ATC The Company shall deliver provide to the Trustee from time to time and the Trustee shall maintain a schedule (the "Payment Schedule") that which indicates the amounts payable in respect of each Plan participant (and his or her beneficiaries), that which provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable, the form in which such amount is to be paid (as provided for or available under in the Plans) Plan), and the time of commencement for payment of such amounts. Except as may be otherwise provided herein, the Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provision for the reporting and withholding of any federal, state or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of the Plans Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the Company. ATC shall give timely directions to Any and all expenses incurred by the Trustee with respect to the reporting, in determining proper tax withholding and payment of taxes filing tax returns shall be deemed a proper expense and the Trustee shall not be required to report, withhold or pay taxes payable in the absence of such directionsaccordance with Section 8(c) and (d) below.

Payments to Plan Participants and Their Beneficiaries. (a) ATC Company shall deliver to the Trustee a schedule (the "“Payment Schedule"”) that indicates the amounts payable in respect of each Plan participant Participant (and his or her beneficiaries), that provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable, the form in which such amount is to be paid (as provided for or available under the Plans) ), and the time of commencement for payment of such amounts. Except as otherwise provided herein, the Trustee shall make payments to the Plan participants Participants and their beneficiaries in accordance with such Payment Schedule, and shall have no duty to make any independent investigation or inquiry as to whether such payments are in accordance with the terms of the Plans. The Trustee shall make provision for the reporting and withholding of any federal, state or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of the Plans and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the Company. ATC shall give timely directions to the Trustee with respect to the reporting, withholding and payment Company or one of taxes and the Trustee shall not be required to report, withhold or pay taxes in the absence of such directionsits affiliates.