Payment to the Trustee Clause Samples

Payment to the Trustee. Trustee hereby elects to have Deferred Fees, including all income, gains and losses credited or charged with respect thereto, paid in the form set forth in the attached Election Form.

Payment to the Trustee. Each Employer will transfer its Employer Contributions to the Trustee as soon as practicable after they are made, but no later than the extended due date of the Employer’s federal income tax return for the fiscal year that ends in the Plan Year for which the Contribution is made.

Payment to the Trustee. The Sponsor may direct the Trustee to use Revenue Credits, to the extent available, to pay invoices for the Trustee provided services, that are necessary to the operation of the Plan. Any charges for the Trustee provided services not offset by Revenue Credits shall be due and payable pursuant to ordinary invoice and contract terms.

Payment to the Trustee. Trustee hereby elects to have Deferred ---------------------- Fees, including all income, gains and losses credited or charged with respect thereto, paid in the following form (one form of payment should be marked with an "x"): [_] In a lump sum, as described below; [_] In installment payments over five years (a "Five Year Payment Plan"), as described below; or [_] In installment payments over ten years (a "Ten Year Payment Plan"), as described below. Except as provided below, such election as to the form of payment shall continue in effect for the calendar year in which the election becomes effective and for subsequent years. If the Trustee has selected a lump sum payment, within fifteen (15) days after the maturity of the Trustee's Deferment Account, the Fund shall pay to the Trustee, if living, cash in an amount equal to the balance standing to the credit of the Trustee's Deferment Account as of the date of maturity. If the Trustee has elected the Five Year Payment Plan, within fifteen (15) days after the maturity of the Trustee's Deferment Account, the Fund shall pay to the Trustee, if living, cash in an amount equal to 20.00% of the balance standing to the credit of the Trustee's Deferment Account as of the date of maturity. No later than January 15 of each of the first four years following the year in which the first payment shall have been made, the Fund shall pay the Trustee, if living, cash in amounts equal to the following percentages of the balance standing to the credit of the Trustee's Deferment Account on January 1 of the year in question: Years Following First Payment Percentage ------------------------------------------------------------------- ---------- First 25.00% Second 33.33% Third 50.00% Fourth 100.00% If the Trustee has elected the Ten Year Payment Plan, within fifteen (15) days after the maturity of the Trustee's Deferment Account, the Fund shall pay to the Trustee, if living, cash in an amount equal to 10.00% of the balance standing to the credit of the Trustee's Deferment Account as of the date of maturity. No later than January 15 of each of the first nine years following the year in which the first payment shall have been made, the Fund shall pay the Trustee, if living, cash in amounts equal to the following percentages of the balance standing to the credit of the Trustee's Deferment Account on January 1 of the year in question: Years Following First Payment Percentage -----------------------------------------------------------...