Time of Distributions. Distributions shall be made to the Members as soon as possible after the Manager's determination of the availability of cash for such purposes, which determination shall be within the reasonable discretion of the Manager.
Time of Distributions. Notwithstanding any other provision of the Plan, all benefits payable under the Plan shall be distributed, or commence to be distributed, in compliance with the following provisions:
(a) DISTRIBUTION DEADLINES FOR PARTICIPANTS OR FORMER PARTICIPANTS WHO ARE 70 1/2 OR OLDER. If a Participant or former Participant attains 70 1/2, the Participant or former Participant must elect to receive the distribution required under section 401(a)(9) of the Code in one lump sum or in installments which must commence by his Required Beginning Date. If installments are elected, each installment paid must be equal to or greater than the minimum required distribution under section 401(a)(9) of the Code.
Time of Distributions. The Liquidation Trust Administrator shall make distributions of Liquidation Trust Recoveries to Claimholders entitled to receive distributions from the Liquidation Trust at least semi-annually beginning with a calendar quarter that is not later than the end of the second calendar quarter after the Effective Date; provided, however, that, the Liquidation Trust Administrator shall not be required to make any such semi-annual distribution in the event that the aggregate amount of Liquidation Trust Recoveries available for distribution to such Claimholders is not sufficient, in the Liquidation Trust Administrator’s discretion (after consultation with the Liquidation Trust Advisory Board) to distribute monies to such Claimholders. From time to time, but no less frequently than quarterly, the Liquidation Trust Administrator, in consultation with the Liquidation Trust Advisory Board, shall estimate the amount of Liquidation Trust Recoveries required to pay then outstanding and reasonably anticipated Liquidation Trust Expenses. The Cash portion of Liquidation Trust Recoveries in excess of such actual and estimated Liquidation Trust Expenses shall be made available for distribution to Claimholders in the amounts, on the dates and subject to the other terms and conditions provided in this Plan. The Liquidation Trust Administrator will make continuing efforts to dispose of the Liquidation Trust Assets, make timely distributions, and not unduly prolong the duration of the Liquidation Trust.
Time of Distributions. Except as otherwise provided herein, distributions may be made from the Company to the Members at such times as the Manager in its discretion may determine; PROVIDED, HOWEVER, that the Company shall endeavor to distribute to each Member in cash, if available, no less than the “Tax Distribution Amount” within ten (10) days following the end of each quarter. For purposes of this Agreement, the “Tax Distribution Amount” for each Member for each quarter shall be an amount equal to (a) the aggregate taxable income taxed to such Member for federal income tax purposes for such quarter as a result of allocations of Profits and Losses under Section 4.6 multiplied by (b) the sum, expressed as a percentage, of (1) the highest marginal federal individual income tax rate in effect for that quarter plus (2) the highest marginal New Jersey individual income tax rate in effect for that quarter.
Time of Distributions. Subject to the remaining provisions of this Article V, distribution of assets held in the Employee's Custodial Account shall begin at such times as the Employee (or his beneficiary, if applicable) shall elect by written notice to the Custodian at any time after the occurrence of the earliest of these events:
Time of Distributions. Consent to Distributions Upon Separation From Service............................................... 5.08 -ii-
Time of Distributions. 15.2.1 If a Morristown Participant terminates employment with the Employers and all Related Companies during calendar year 2003, such person shall, for purposes of applying the provisions of Section 7.4, be treated as if such person’s employment has then terminated due to Normal Retirement.
15.2.2 If a Morristown Participant has not terminated employment with the Employers and all Related Companies during calendar year 2003, (i) such person shall, for purposes of applying the provisions of Section 7.4, nevertheless be treated as if such person’s employment terminated on December 31, 2003 due to Normal Retirement and (ii) subject to the provisions of Section 15.3.2, the distribution of such person’s ESOP Accounts may commence to occur, in installments, prior to the crediting to such person’s ESOP Accounts of the amounts otherwise required to be so allocated on account of employment with the Employers and all Related Companies during calendar year 2004 (the “2004 Allocation”). In the event that the distribution of such person’s ESOP Accounts in fact commences to occur in installments prior to the crediting to such person’s ESOP Accounts of the 2004 Allocation, the 2004 Allocation shall, subject to the provisions of Section 15.3.1, be distributed, in substantially equal annual installments, over the remaining installment period.
Time of Distributions. Except as otherwise provided in Section 6.03 and pursuant to Section 7.01(d)(i), distributions of Net Available Cash shall be made from the Company to the Members in accordance with Section 6.02. “Net Available Cash” means, with respect to any fiscal quarter, the net cash receipts of the Company from operations for such fiscal quarter (including any sales or dispositions in the ordinary course of business but excluding proceeds in connection with a Liquidation), (reduced an amount used to pay or establish reserves for all Company expenses, debt payments, capital improvements, replacements and contingencies (as determined by the Board, including the Avalon Member) which such amount shall be no less than $200,000.
Time of Distributions. All distributions of Cash Flow shall be made at such time and with respect to such periods as the Manager may determine.
Time of Distributions. Notwithstanding any other provision of the Plan, all benefits payable under the Plan shall be distributed, or commence to be distributed, in compliance with the following provisions:
(a) DISTRIBUTION DEADLINES FOR MEMBERS OR FORMER MEMBERS WHO ARE 70 1/2 OR OLDER. If a Member or former Member attains 70 1/2 and the Member or former Member is required to receive a distribution under section 401(a)(9) of the Code, the Member or former Member must elect to receive a distribution in one lump sum or in installments which must commence by his Required Beginning Date. If installments are elected, each installment paid must be equal to or greater than the minimum required distribution under section 401(a)(9) of the Code.
