Payments to the Trust. Payments to the Trust shall be made by the District or other authorized entity in accordance with the ProComp Agreement and other written agreements and rules of the Trustees. The District shall pay to the Trust the mill levy proceeds owed to the Trust on the day that the District receives such mill levy proceeds.
Payments to the Trust. In consideration of Executive's agreement to continue employment with the Company, the Company hereby agrees to accelerate the payment of all amounts owed to Executive by the Company pursuant to that certain Contract for Release in Event of Sale dated as of January 1, 1997 by and between the Company and Executive. Notwithstanding the terms of such agreement, the Company shall pay to the Trust, on behalf of Executive, a portion of the Share (as defined therein) equal to the Purchase Price immediately upon the execution of the election attached as Annex C hereto. The Company shall pay the remainder of the Share (net of any withholding obligations) to Executive immediately upon the execution of such election (the aggregate amount paid on the date hereof to the Trust and Executive (prior to withholding) with respect to the Share is referred to as the "Estimated Share Amount"). The amounts paid to the Trust on behalf of Executive pursuant to such election are for the sole benefit of the Trust, and Executive has no right or ability to receive such amounts except as provided in the Trust's constituent documents. Executive and the Company acknowledge and agree that the final determination of the amount of the Share is contingent upon the final determination by the Company of the Company's Stockholders Equity as of December 31, 1998, as reflected on the Company's audited financial statements. If the amount of the Share as finally determined (based on the final determination of 12/31/98 Stockholders Equity) is less than the Estimated Share Amount, Executive shall promptly pay to the Company an amount of cash equal to such shortfall. If the amount of the Share as finally determined (based on the final determination of 12/31/98 Stockholders Equity) is greater than the Estimated Share Amount, the Company shall promptly pay to Executive an amount of cash equal to such excess, net of any withholding obligations.
Payments to the Trust. Each Group Company may at any time with the consent of the Company make contributions or loans to the Trust Fund and the Trustees shall keep a separate account in relation to the total amount of contributions or loans made by each Group Company. A Group Company may make contributions so as to benefit Beneficiaries who are its employees or former employees or their Relatives and the Company may make contributions so as to benefit all or any of the Beneficiaries. Any loans must be agreed to by the Trustees.
Payments to the Trust. Employer will submit payment in full to the designated trust administrator by the tenth (10th) of every month. This deadline may change at the discretion of the designated trust administrator; however, such a change would require sixty (60) days' notice.
Payments to the Trust. Until further notice by the Trustee, all payments to the Trust shall be made by wire transfer in immediately available funds to The Bank of New York, for the account of Telefonica del Peru Collection Account, ABA #021000018, GLA #111-565, for further credit to: A/C 356365 or to such xxxxx xxcount as the Trustee shall designate in writing.
Payments to the Trust i. Kai-Zen Trust Payments. The Trustee is authorized, and authorized to delegate this authorization, to obtain loans through the Kai-Zen Trust subject to the terms and conditions of the Kai-Zen Trust to fund premium payments on Insurance Policies.
Payments to the Trust
