Distribution restriction Sample Clauses

Distribution restriction. An Employee must not take a distribution of the Salary Deferrals eligible for the Matching Contribution prior to the end of the period for which the Matching Contribution is being made (as defined in AA §6B-5 above). See Section 3.09(c) of the Plan.

Distribution restriction. Neither the Borrower nor any of the Subsidiary Entities shall declare or make any Shareholder Distribution; provided, however, BULLC and Best Access may declare and make Shareholder Distributions to First Thoroughbred, and First Thoroughbred may declare Shareholder Distributions to the Borrower; provided further, the Borrower may declare and make Shareholder Distributions (i) in a maximum amount not to exceed in any Fiscal Year an amount equal to the federal, state and/or other income tax which is payable by the shareholders of the Borrower in such Fiscal Year in respect to the taxable income of the Borrower for either the Borrower's immediately preceding Fiscal Year or as estimated payments for the Borrower's current Fiscal Year so long as the Borrower continuously maintains its status as a corporation recognized for federal income tax purposes as an "S" Corporation under the Internal Revenue Code, as amended.

Distribution restriction. An Employee must not have taken a distribution of the applicable contributions eligible for an Employer Matching Contribution prior to the end of the period for which the Employer Matching Contribution is being made (as defined in #17.a. above). See Section 2.6(c) of the BPD. g. Application to a specified period. In applying the allocation condition(s) designated under b. through e. above, the allocation condition(s) will be based on the period designated under #17.a. above. In applying an Hours of Service condition under d. above, the following method will be used: [This g. should be checked only if a period other than the Plan Year is selected under #17.a. above. Selection (1) or (2) must be selected only if d. above is also checked.] (1) Fractional method (see Section 2.6(e)(2)(i) of the BPD). (2) Period-by-period method (see Section 2.6(e)(2)(ii) of the BPD).

Distribution restriction. An Employee must not have taken a distribution of the applicable contributions eligible for an Employer Matching Contribution prior to the end of the period for which the Employer Matching Contribution is being made (as defined in #1 7.a. above). See Section 2.6(c) of the BPD. g. Application to a specified period. In applying the allocation condition(s) designated under b. through e. above, the allocation condition(s) will be based on the period designated under #1 7.a. above. In applying an Hours of Service condition under d. above, the following method will be used: [This g. should be checked only if a period other than the Plan Year is selected under #17. a. above. Selection (1) or (2) must be selected only if d. above is also checked.] (1) Fractional method (see Section 2.6(e)(2)(i) of the BPD). (2) Period-by-period method (see Section 2.6(e)(2)(ii) of the BPD). [Practitioner Note: If this g. is not checked, any allocation condition(s) selected under b. through e. above will apply with respect to the Plan Year, regardless of the period selected under #1 7.a. above. See Section 2.6(e) of the BPD for procedural rules for applying allocation conditions for a period other than the Plan Year.] h. The above allocation condition(s) will not apply if: (1) the Participant dies during the Plan Year. (2) the Participant is Disabled. (3) the Participant, by the end of the Plan Year, has reached: (a) Normal Retirement Age. [ ] (b) Early Retirement Age. [X] Check this selection and complete this Part 4C to allow for Employer Nonelective Contributions. [Note: Do not check this selection if the gy Employer Nonelective Contributions authorized under the Plan are Safe Harbor Nonelective Contributions. Instead, complete the applicable elections under Part 4E of this Agreement.] [X] 20. Employer Nonelective Contribution (other than QNECs): [X] a. Discretionary. Discretionary with the Employer.

Distribution restriction. 5.9.1. The Company undertakes not to make any distribution and not to declare, pay or distribute any dividend unless all the terms set forth below are met: (a) The Adjusted EBITDA of the Company (as defined in section 6.4 below) according to the Financial Statements of the Company in the four (4) quarters preceding the distribution is at least USD 50 million ; (b) The Consolidated Equity Capital of the Company (including minority interests) (as defined in section 6.4 below) less the amount of the distribution will not be less than USD 600 million; (c) There is no cause for immediate repayment of the Debentures (Series A); (d) On the date of the Board of Directors decision on the distribution there are no “Warning Signs” as so defined below

Distribution restriction. The licensee is strictly restricted to use the content for personal and non commercial purposes only and is not allowed to share it with any individual or company.

Distribution restriction. Licensee’s right to distribute the Licensee Application shall be conditioned upon each end user entering into an enforceable contract containing terms and conditions no less protective of Topcon’s and its suppliers’ rights than the terms and conditions contained in the following provisions of this Agreement: Sections 2 (Restrictions), 4 (Ownership), 5 (Disclaimer of Warranty), 6 (Exclusion of Damages), 7 (Limitation of Liability and Remedies), 8 (Effects of Termination), and 9 (General Provisions).

Distribution restriction. No Borrower shall declare or make any Shareholder Distribution unless such Shareholder Distribution is made to a Borrower.

Distribution restriction. RESELLER shall not distribute any Products as a mail order business (mail order is defined as solicitation, through advertising or otherwise, for orders by mail or telephone, rather than through a physical location at which an End-User can obtain personal customer service and/or Product demonstration from the RESELLER).