Trustee Responsibility Regarding Payments When Company Is Insolvent. (a) Trustee shall cease payments under the Plan if the Company is Insolvent. Company shall be considered "Insolvent" for purposes of this Trust Agreement if (i) Company is unable to pay its debts as they become due, or (ii) Company is subject to a pending proceeding as a debtor under the United States Bankruptcy Code.
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Samples: Deferred Compensation Waiver and Insurance Benefit Agreement (Snap on Inc), Compensation Waiver and Insurance Benefit Agreement (Snap on Inc), Compensation Waiver and Insurance Benefit Agreement (Snap on Inc)
Trustee Responsibility Regarding Payments When Company Is Insolvent. (a) 5.01-1 The Trustee shall cease payments under the Plan payment of benefits to Participants and their beneficiaries if the Company is Insolvent. The Company shall be considered "“Insolvent" ” for purposes of this Trust Agreement if (i) the Company is unable to pay its debts as they become due, or (ii) the Company is subject to a pending proceeding as a debtor under the United States Bankruptcy Code.
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Trustee Responsibility Regarding Payments When Company Is Insolvent. (a) Trustee shall cease payments under the Plan payment of benefits to Participants and Beneficiaries if the Company is Insolvent. Company shall be considered "Insolvent" for purposes of this Trust Agreement if (i) Company is unable to pay its debts as they become due, or (ii) Company is subject to a pending proceeding as a debtor under the United States Bankruptcy Code.
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Trustee Responsibility Regarding Payments When Company Is Insolvent. (a) Trustee shall cease payments under the payment of benefits to Plan Participants and their beneficiaries if the Company is Insolvent, subject to the provisions of Section 3(b) below. Company shall be considered "Insolvent" for purposes of this Trust Agreement if (i) Company is unable to pay its debts as they become due, or (ii) Company is subject to a pending proceeding as a debtor under the United States Bankruptcy Code.
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Samples: Trust Agreement (Harris Corp /De/)
Trustee Responsibility Regarding Payments When Company Is Insolvent. (a) 5.01-1 The Trustee shall cease payments under the Plan payment of benefits to Participants and their beneficiaries if it is notified in writing that the Company is Insolvent. The Company shall be considered "Insolvent" for purposes of this Trust Agreement if (i) the Company is unable to pay its debts as they become due, or (ii) the Company is subject to a pending proceeding as a debtor under the United States Bankruptcy Code.
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Samples: Trust Agreement (Egghead Inc /Wa/)
Trustee Responsibility Regarding Payments When Company Is Insolvent. (a) The Trustee shall cease payments under the hereunder to Plan participants and their beneficiaries if the Company is Insolvent. The Company shall be considered "“Insolvent" ” for purposes of this Trust Agreement if (i) the Company is unable to pay its debts as they become due, or (ii) the Company is subject to a pending proceeding as a debtor under the United States Bankruptcy Code.
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Samples: Trust Agreement (Newbridge Bancorp)
Trustee Responsibility Regarding Payments When Company Is Insolvent. (a) The Trustee shall cease payments under payment of the Plan Severance Benefits if the Company is Insolvent. The Company shall be considered "“Insolvent" ” for purposes of this Trust Agreement if (i) Company is unable to pay its debts as they become due, or (ii) Company is subject to a pending proceeding as a debtor under the United States Bankruptcy Code.if:
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