Payments Under the Plan. Printpack shall, subject to the conditions set forth in this Agreement, make payments (as and to the extent specified below) in the event Employee shall die or become disabled and in the event that Employee's children should elect to pursue further education after graduation from high school.
Payments Under the Plan. (a) Upon a Change of Control, Company shall deliver to Trustee a schedule (the "Payment Schedule") that directs the Trustee regarding the amounts payable under the Plan, the form in which such amounts are to be paid, and the dates on which such amounts are payable. Except as otherwise provided herein, the Trustee shall make payments in accordance with such Payment Schedule. The Company shall have the sole responsibility for all tax withholding, related filings and reports. The Trustee shall withhold for taxes such amounts from distributions as the Company directs and shall follow the instructions of the Company with respect to the remission of such withheld amounts to the appropriate governmental authorities.
Payments Under the Plan. Employees who select the opt-out plan shall receive payments from the Board as follows: Traditional Plan Family: $2,500 Parent/child: $1,400 Husband/Wife $2,000 Individual: $1,000 POS Plan Family: $1,800 Parent/child: $1,000 Husband/Wife $1,500 Individual: $ 700 Payments shall be made in semi-monthly installments for ten months (September through June).
Payments Under the Plan. 6 When Payments Start................................................................................................................... 6 Reduction for Starting Payments Before Age 65......................................................................... 7
Payments Under the Plan. WHEN PAYMENTS START Subject to special rules that apply after a Change of Control (see “Change of Control,” below), Interpublic will start paying your vested benefit during the first month that starts on or after the second anniversary of your Termination of Employment. However, the two-year wait will not apply if your participation in the Plan was approved on or after August 1, 2014, and you terminate employment at age 66 or older. In that case, Interpublic will pay your vested benefit, if any, as of the first day of the later of (a) the seventh month that starts after your Termination of Employment or (b) the first month that starts on or after your 68th birthday. For example, if your employment with Interpublic and its Subsidiaries terminates on June 15, 2015, before you reach age 66, Interpublic would make the first payment in July 2017. CAPITAL ACCUMULATION PLAN CAPITAL ACCUMULATION PLAN EXAMPLE. Suppose your Participation Agreement provides for an annual dollar credit of $25,000 and the Plan’s annual interest rate is 2%. If your employment is terminated involuntarily without Cause on June 15, 2015, before you reach age 66 but after your account is fully vested, and you are eligible to receive Severance Pay in installments for 12 months after your Termination of Employment — • Your Severance Completion Date would be on or about June 15, 2016. Accordingly, as of December 31, 2015, $25,000 (the dollar amount that would have been added to your account on December 31, 2015, if you had continued working, as an active participant in the Plan, through your Severance Completion Date) will be added to your account. • On December 31, 2015, your account (excluding the $25,000 added on December 31, 2015) would be credited with interest in an amount equal to 2% of your account balance as of December 31, 2015. • On December 31, 2016, your account would be credited with interest in an amount equal to 2% of your account balance as of December 31, 2016. • In July 2017, Interpublic would pay your benefit. The amount paid to you would be your vested account balance as of December 31, 2016. You would not receive interest for the period from December 31, 2016 until your account balance is paid to you. FORM OF PAYMENT If your participation in the Plan was approved on or after August 1, 2014, Interpublic will pay your benefit in a lump sum. If your participation was approved before August 1, 2014, Interpublic will pay your benefit in the form specified in your Participation...
Payments Under the Plan. From time to time during the term of this Agreement, the Trust, either directly or through an agent, will make payments to you pursuant to the Plan in consideration of your furnishing the Services (as defined below), as set forth in this Agreement. The Trust represents and warrants that any such Rule 12b-l payments shall be appropriately described in each Fund’s current prospectus and Statement of Additional Information and that all of the Trust’s obligations under this Agreement will be carried out in accordance with the most recent copy of the Plan that we have provided to you, as well as all applicable state and federal laws, including the 1940 Act, the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the Securities Act of 1933, as amended (the “Securities Act”).
Payments Under the Plan. With respect to this Agreement, (i) the Restricted Stock Units are bookkeeping entries, (ii) the obligations of the Company under this Agreement are unsecured and constitute a commitment by the Company to make benefit payments in the future, (iii) to the extent that any person acquires a right to receive payments from the Company under this Agreement, such right shall be no greater than the right of any general unsecured creditor of the Company, (iv) all payments under this Agreement shall be paid from the general funds of the Company and (v) no special or separate fund shall be established or other segregation of assets made to assure such payments (except that the Company may in its discretion establish a bookkeeping reserve to meet its obligations under this Agreement. The award of the Restricted Stock Units is intended to be an arrangement that is unfunded for tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of 1974, as amended.
Payments Under the Plan. During the life of the contract, all current members (those employed by the Board on or before July 1, 2012) will be paid as follows: Family: $2,900 Parent/child: $1,700 Couple: $2,500 Individual: $1,200 Payments shall be made in semi-monthly installments for ten months (September through June). Members hired after July 1, 2012 will not be eligible for payment for waiving insurance coverage.
Payments Under the Plan. Employees who select the opt-out plan shall receive payments from the Board as follows: Direct Access: Family: $2,900 Parent/child: $1,700 Couple: $2,500 Individual: $1,200 Payments shall be made in semi-monthly installments for ten months (September through June).
