Common use of Termination of the Plan Clause in Contracts

Termination of the Plan. (a) In the event that the Plan is terminated, the Committee shall notify the Trustee as to whether the Trust Fund is to be distributed or is to be maintained by the Trustee in accordance with the provisions of the Plan and this Trust Agreement. If the Committee directs that the Trust Fund is to be distributed, the Trustee shall establish the fair market value of the Trust Fund as of such interim Valuation Date as designated by the Committee, and, after paying the reasonable expenses involved in the termination of the Plan, shall distribute all or a part of the assets of the Trust Fund (converting such assets into cash, as necessary) in accordance with the written directions of the Committee.

Termination of the Plan. (a) In the event that the Plan is terminated, the Committee shall notify the Trustee as to whether the Trust Fund is to be distributed or is to be maintained by the Trustee in accordance with the provisions of the Plan and this Trust Agreement. If the Committee directs that the Trust Fund is to be distributed, the Trustee shall establish the fair market value of the Trust Fund as of such interim Valuation Date as is designated by the Committee, and, after paying the reasonable expenses involved in the termination of the Plan, shall distribute all or a part of the assets of the Trust Fund (converting such assets into cash, as necessary) in accordance with the written directions of the Committee.

Termination of the Plan. (a) In the event that the Plan is terminated, the Committee shall will notify the Trustee as to whether the Trust Fund is to be distributed liquidated or is to be maintained by the Trustee in accordance with the provisions of the Plan and this Trust Agreement. If the Committee directs that the Trust Fund is to be distributedliquidated, the Trustee shall will establish the fair market value of the Trust Fund as of such interim Valuation Date as is designated by the Committee, and, after paying the reasonable expenses involved in the termination of the Plan, shall distribute will dispose of all or a part of the assets of the Trust Fund (converting such assets the Trust Fund into cash, as if necessary) in accordance with the written directions of the CommitteeCommittee (including, without limitation, a direct distribution to a Participating Employer of any excess assets of the Trust Fund remaining after all liabilities of the Plan and the Trust Fund to the Participants and Beneficiaries have been satisfied).

Termination of the Plan. (a) In the event that the Plan is terminated, the Committee shall notify the Trustee as to whether the Trust Fund is to be distributed or is to be maintained by the Trustee in accordance with the provisions of the Plan and this Trust Agreement. If the Committee directs that the Trust Fund is to be distributed, the Trustee shall establish the fair market value of the Trust Fund as of such interim Valuation Date as is designated by the Committee, and, after paying the reasonable expenses involved in the termination of the Plan, shall distribute all or a part of the assets of the Trust Fund (converting such assets into cash, as necessary) in accordance with the written directions of the CommitteeCommittee (including, to the extent permitted by applicable federal law and as directed by the Company, a direct distribution to the Company of any excess assets of the Trust Fund remaining after all liabilities of the Plan and the Trust Fund to the Participants and Beneficiaries have been satisfied).

Termination of the Plan. (a) In the event that the Plan is terminated, the Committee shall will notify the Trustee IDS Trust as to whether the Trust Fund fund is to be distributed liquidated or is to be maintained by the Trustee IDS Trust in accordance with the provisions of the Plan and this Trust Agreement. If the Committee directs that the Trust Fund fund is to be distributedliquidated, the Trustee shall IDS Trust will establish the fair market value of the Trust Fund fund as of such interim Valuation Date valuation date as is designated by the Committee, and, after paying the reasonable expenses involved in the termination of the Plan, shall distribute will dispose of all or a part of the assets of the Trust Fund fund (converting such assets the Trust fund into cash, as if necessary) in accordance with the written directions of the CommitteeCommittee (including, without limitation, a direct distribution to a Participating Affiliate of any excess assets of the Trust fund remaining after all liabilities of the Plan and the Trust fund to the Participants and Beneficiaries have been satisfied).