Distributions from the Trust. The Corporation's obligations under this Appendix A may be satisfied with Trust assets distributed pursuant to the terms of the Trust, and any such distribution shall reduce the Corporation's obligation under this Appendix A.
Distributions from the Trust. The Trustee shall make distributions to the Company from the Trust in accordance with the following procedures (and, in the case of Section 2.01(1), only upon CPUC Approval).
Distributions from the Trust. 1. a. The shares held in the Trust for the benefit of a Participant shall be distributed to the Participant upon retirement at or after Normal Retirement Age, upon early retirement as provided under the then current Pension Agreement, upon attainment of age 70-1/2, upon a break in Continuous Service with the Company, or to the Participant's beneficiary upon the death of the Participant, except as hereinafter provided.
Distributions from the Trust. The Trustee shall distribute from the Trust to each Executive the amounts to which the Executive is entitled at the times provided by Section 1 hereof. The Trustee shall reduce the amount allocated to an Executive's Account to reflect any distributions of Benefits to the Executive and shall not distribute to any Executive an amount that exceeds the amount credited to that Executive's Account. Subject to the provisions of Section 16.1, the Trustee shall make the distributions described in this Section 7.1 notwithstanding any contrary instruction, claim or threat of litigation by the Company or any other person, unless the Trustee shall have been ordered by a court of competent jurisdiction not to make such distributions.
Distributions from the Trust. The Company’s obligations under the Plan may be satisfied with Trust assets distributed pursuant to the terms of the Trust, if any, and any such distribution shall reduce the Company’s obligations under this Plan.
Distributions from the Trust. Company shall deliver to the Trustee a schedule (the “Payment Schedule”) that indicates the amounts payable to the Employee (and his or her beneficiaries), that provides directions to the Trustee regarding the amounts so payable, the form in which such amount is to be paid (as provided for or available under the Retention Agreement, and the time of commencement for payment of such amounts. Except as otherwise provided herein, Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Company shall have the sole responsibility for all tax withholding filings and reports. The Trustee shall withhold such amounts from distributions as the Company directs and shall follow the instructions of the Company with respect to remission of such withheld amounts to appropriate governmental authorities and related reporting and filings to the extent applicable as determined by the Company.
Distributions from the Trust. Subject to Section 8.1.3 below, the particular Plan with respect to which any distribution from the Trust is made and the timing of any distribution will be determined by the Committee in accordance with the following directions: (a) to the extent available, shares of Company Stock sufficient to meet the obligations of the Xxxxxxx Xxxxxxx, Inc. Employees’ Stock Purchase Plan shall first be allocated to the Administrator of such Plan, and (b) remaining shares of Company Stock (if any) shall be allocated to the Administrators of other Plans or directly to Participants in such other Plans or Employees, as determined by the Committee in good faith taking into account the best interests of a broad cross-section of Participants. Distributions from the Trust shall not be subject to the consent or approval of any adverse party within the meaning of Code Section 672(a).
Distributions from the Trust. 1. Distributions from the trust shall be made by the Trustee in accordance with proper written directions of the Employer, and the Employer shall have the sole responsibility for determining that the directions given conform to the terms of the Plan and applicable law, including, without limitation, responsibility for calculating the interests of a Participant in his or her Account; calculating the amounts payable to a Participant or Beneficiary under the terms of the Plan; and determining the proper person or persons to whom benefits are payable under the Plan.
Distributions from the Trust. Except as otherwise provided in Section 8.2, the Trustee shall distribute Company Stock held in the Trust in accordance with the Minimum Distribution Schedule applicable to such transfer of stock. The particular Plan with respect to which any distribution from the Trust is made will be determined by the Committee in accordance with the following directions: (a) to the extent available, shares of Company Stock sufficient to meet the obligations of the Beckman Instruments Inc. Employee Share Purchase Xxxxxxx shall first be allocated to the Administrator of such Plan, and (b) remaining shares of Company Stock (if any) shall first be allocated to the Administrators of other Plans or directly to Participants in such other Plans or Employees, as determined by the Committee in good faith taking into account the best interests of a broad cross-section of Participants.
Distributions from the Trust
