Plan Payments Sample Clauses
The Plan Payments clause defines the obligations and procedures for making payments under a specific plan, such as a payment schedule in a contract or bankruptcy proceeding. It typically outlines the timing, method, and amount of payments required from one party to another, and may specify consequences for missed or late payments. This clause ensures that all parties have a clear understanding of their financial responsibilities, thereby reducing the risk of disputes and promoting timely fulfillment of payment obligations.
Plan Payments. Company hereby authorizes Computershare to receive all payments made to the Company (i.e. optional cash purchases) or the Transfer Agent under the Plans and make all payments required to be made under such Plans, including all payments required to be made to the Company.
Plan Payments. If applicable, Fund hereby authorizes Computershare to receive all payments made to Fund (i.e., optional cash purchases) or Transfer Agent under the Plans and make all payments required to be made under such Plans, including all payments required to be made to Fund. For optional cash purchases, in the event funds are unavailable for any reason (including, without limitation, due to a rejection or reversal of the payment), Computershare shall sell the Shares purchased and any gain thereon shall accrue to Computershare.
Plan Payments. The Borrower and each ERISA Affiliate has made full and timely payment of all amounts (i) required to be contributed under the terms of each Plan set forth on Schedule 6.17 and applicable law and (ii) required to be paid as expenses of each Plan set forth on Schedule 6.17. No Plan set forth on Schedule 6.17 would have an "amount of unfunded benefit liabilities" (as defined in Section 4001(a)(18) of ERISA) if such Plan were terminated as of the date on which this representation and warranty is made.
Plan Payments. Each Company hereby authorizes Computershare to receive all payments made to the Company (i.e., optional cash purchases) or the Transfer Agent under the Plans and make all payments required to be made under such Plans, including all payments required to be made to Company. For optional cash purchases, in the event funds are unavailable for any reason (including, without limitation, due to a rejection or reversal of the payment), Computershare shall sell the Shares purchased and any gain thereon shall accrue to Computershare.
Plan Payments. Using funds received from Employer, DBI shall pay the amounts due as a result of the operation of the Plan and in compliance with the participant’s current Plan elections.
Plan Payments. Fund hereby authorizes Computershare to receive all payments made to the Fund (i.e. optional cash purchases) or the Transfer Agent under the Plans and make all payments required to be made under such Plans, including all payments required to be made to the Fund.
Plan Payments. If applicable, Customer hereby authorizes DTAC to receive all payments made to Customer (i.e., optional cash purchases) under the Plans and make all payments required to be made under such Plans, including all payments required to be made to Customer. For optional cash purchases, in the event funds are unavailable for any reason (including, without limitation, due to a rejection or reversal of the payment), DTAC shall sell the Shares purchased and any gain thereon shall accrue to DTAC.
Plan Payments. Seller will with respect to each Transferred Salaried Employee pay all costs, expenses, benefits and claims incurred prior to the Applicable Employment Date in respect of such Transferred Salaried Employee under its benefit plans and will pay all accrued payroll up to the Closing Time.
Plan Payments. If the Mercy Health Partners-Northern Region Retirement Plan, the Mercy Health Partners of Greater Cincinnati Retirement Plan, or St. Rita’s Medical Center Retirement Plan pays the $450 amount to each Lump Sum Class Member, those payments will made in similar fashion to payments made to Plan participants receiving distributions of $1,000.00 or less.
8.2.1 Each Lump Sum Class Member will receive an election form permitting them to roll over their distribution or receive a lump sum cash payment. If a Lump Sum Class Member elects a lump sum payment, all provisions of Paragraph 8.1.2 shall control, and such lump sum distribution will be subject to applicable tax withholding.
8.2.2 Each Lump Sum Class Member will have an option to elect a rollover distribution. After the rollover distribution forms are mailed, Lump Sum Class Members will have sixty (60) days from the date of such mailing to mail a completed rollover form to the Mercy Health Partners- Northern Region Retirement Plan, the Mercy Health Partners of Greater Cincinnati Retirement Plan, or the St. Rita’s Medical Center Retirement Plan, providing instructions as to where these Plans will deposit the $450 rollover payment. The Plans will process these rollover instructions within ninety (90) calendar days in accordance with the Class Members’ instructions. If a Lump Sum Class Member does not send a completed rollover form to these Plans within sixty (60) days, he or she will be sent a lump sum check via mail and all provisions set forth in Paragraph 8.1.2 shall apply. Such lump sum distribution will be subject to applicable tax withholding. If within ninety (90) days after any lump sum payment is mailed, a Lump Sum Class Member has not negotiated that check, such checks may be voided and a stop-pay order may be placed on those checks. The money will then revert back to Mercy Health Partners-Northern Region Retirement Plan, the Mercy Health Partners of Greater Cincinnati Retirement Plan, or the St. Rita’s Medical Center Retirement Plan. In this event, those individuals will be deemed to have waived irrevocably any right in or claim to a lump sum payment, but the Settlement Agreement nevertheless will bind them and they will have released their claims.
8.2.3 The Parties will act in good faith to attempt to minimize adverse tax consequences of the Lump Sum Payments to certain Settlement Class Members. However, the Settlement Class Members acknowledge that Defendants, Releasees, and any of their Representat...
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