Common use of Payments to Participants Clause in Contracts

Payments to Participants. 4.1 Not later than 120 days after the occurrence of a Funding Event and again not later than 10 days following the occurrence of a Change of Control, Nordson shall deliver to the Trustee a schedule (the "Payment Schedule") that lists the names and addresses of all Participants and indicates the amounts payable and to become payable to each Participant and/or provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable and that indicates the form in which such amounts are to be paid, as provided for or available under each Covered Plan, and the time of commencement for payment of such amounts. At the same time as Nordson delivers the Payment Schedule to the Trustee, Nordson shall deliver to each Participant that portion of the Payment Schedule that pertains to amounts that may become payable to that particular Participant. After the occurrence of a Change of Control, Nordson shall update the Payment Schedule, provide revised versions thereof to the Trustee, and provide the relevant portions thereof to each Participant from time to time and at such times so that each termination of the employment of any Participant (or the occurrence of any other fact or circumstance that alters the payments due or to become due to any Participant under any of the Covered Plans) is taken into account in a current revised Payment Schedule that has been appropriately delivered to the Trustee and to each Participant (to the extent relevant to each such Participant) not later than ten days after its occurrence. Except as otherwise provided herein, the Trustee shall make payments to the Participants in accordance with the Payment Schedule as it may be revised from time to time. The Trustee shall make provision for the reporting and withholding of any federal, state, or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of each Covered Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld, and paid by Nordson.

Payments to Participants. 4.1 Not later than 120 days after the occurrence of a Funding Event Potential Change of Control and again not later than 10 days following the occurrence of a Change of Control, Nordson Key shall deliver to the Trustee a schedule (the "“Payment Schedule"”) that lists the names and addresses of all Participants and indicates the amounts payable and to become payable to each Participant and/or provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable and that indicates the form in which such amounts are to be paid, as provided for or available under each Covered Plan, and the time of commencement for payment of such amounts. At the same time as Nordson Key delivers the Payment Schedule to the Trustee, Nordson Key shall deliver to each Participant that portion of the Payment Schedule that pertains to amounts that may become payable to that particular Participant. After the occurrence of a Change of Control, Nordson Key shall update the Payment Schedule, provide revised versions thereof to the Trustee, and provide the relevant portions thereof to each Participant from time to time and at such times so that each termination of the employment of any Participant (or the occurrence of any other fact or circumstance that alters the payments due or to become due to any Participant under any of the Covered Plans) is taken into account in a current revised Payment Schedule that has been appropriately delivered to the Trustee and to each Participant (to the extent relevant to each such Participant) not later than ten 10 days after its occurrence. Except as otherwise provided herein, the Trustee shall make payments to the Participants in accordance with the Payment Schedule as it may be revised from time to time. The Trustee shall make provision for the reporting and withholding of any federal, state, or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of each Covered Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld, and paid by NordsonKey.

Payments to Participants. 4.1 Not later than 120 days after the occurrence of a Funding Event and again not later than 10 ten days following the occurrence of a Change of Control, Nordson Oglebay shall deliver to the Trustee a schedule (the "“Payment Schedule"”) that lists the names and addresses of all Participants and indicates the amounts payable and to become payable to each Participant and/or provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable and that indicates the form in which such amounts are to be paid, as provided for or available under each Covered Plan, and the time of commencement for payment of such amounts. At the same time as Nordson Oglebay delivers the Payment Schedule to the Trustee, Nordson Oglebay shall deliver to each Participant that portion of the Payment Schedule that pertains to amounts that may become payable to that particular Participant. After the occurrence of a Change of Control, Nordson Oglebay shall update the Payment Schedule, provide revised versions thereof to the Trustee, and provide the relevant portions thereof to each Participant from time to time and at such times so that each termination of the employment of any Participant (or the occurrence of any other fact or circumstance that alters the payments due or to become due to any Participant under any of the Covered Plans) is taken into account in a current revised Payment Schedule that has been appropriately delivered to the Trustee and to each Participant (to the extent relevant to each such Participant) not later than ten days after its occurrence. Except as otherwise provided herein, the Trustee shall make payments to the Participants each Participant in accordance with the Payment Schedule Schedule, as it may be revised from time to time. The Trustee shall make provision for payments to a Participant only from assets held in the reporting Trust and withholding credited to his Separate Account. Oglebay shall provide the Trustee with written instructions as to the aggregate amount of any federal, state, or state and local taxes that may be required to be withheld with respect to the payment of benefits pursuant from the Trust, and the Trustee shall remit such amounts to the terms of each Covered Plan Oglebay for payment and shall pay amounts withheld reporting to the appropriate taxing authorities or determine that such amounts have been reported, withheld, and paid by NordsonOglebay.

Payments to Participants. 4.1 Not later than 120 days after the occurrence of a Funding Event and again not later than 10 days following the occurrence of a Change of Control, Nordson shall deliver to the Trustee a schedule (the "“Payment Schedule"”) that lists the names and addresses of all Participants and indicates the amounts payable and to become payable to each Participant and/or provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable and that indicates the form in which such amounts are to be paid, as provided for or available under each Covered Plan, and the time of commencement for payment of such amounts. At the same time as Nordson delivers the Payment Schedule to the Trustee, Nordson shall deliver to each Participant that portion of the Payment Schedule that pertains to amounts that may become payable to that particular Participant. After the occurrence of a Change of Control, Nordson shall update the Payment Schedule, provide revised versions thereof to the Trustee, and provide the relevant portions thereof to each Participant from time to time and at such times so that each termination of the employment of any Participant (or the occurrence of any other fact or circumstance that alters the payments due or to become due to any Participant under any of the Covered Plans) is taken into account in a current revised Payment Schedule that has been appropriately delivered to the Trustee and to each Participant (to the extent relevant to each such Participant) not later than ten days after its occurrence. Except as otherwise provided herein, the Trustee shall make payments to the Participants in accordance with the Payment Schedule as it may be revised from time to time. The Trustee shall make provision for the reporting and withholding of any federal, state, or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of each Covered Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld, and paid by Nordson.

Payments to Participants. 4.1 Not later than 120 days after the occurrence of a Funding Event Potential Change of Control and again not later than 10 days following the occurrence of a Change of Control, Nordson Key shall deliver to the Trustee a schedule (the "Payment Schedule") that lists the names and addresses of all Participants and indicates the amounts payable and to become payable to each Participant and/or provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable and that indicates the form in which such amounts are to be paid, as provided for or available under each Covered Plan, and the time of commencement for payment of such amounts. At the same time as Nordson Key delivers the Payment Schedule to the Trustee, Nordson Key shall deliver to each Participant that portion of the Payment Schedule that pertains to amounts that may become payable to that particular Participant. After the occurrence of a Change of Control, Nordson Key shall update the Payment Schedule, provide revised versions thereof to the Trustee, and provide the relevant portions thereof to each Participant from time to time and at such times so that each termination of the employment of any Participant (or the occurrence of any other fact or circumstance that alters the payments due or to become due to any Participant under any of the Covered Plans) is taken into account in a current revised Payment Schedule that has been appropriately delivered to the Trustee and to each Participant (to the extent relevant to each such Participant) not later than ten 10 days after its occurrence. Except as otherwise provided herein, the Trustee shall make payments to the Participants in accordance with the Payment Schedule as it may be revised from time to time. The Trustee shall make provision for the reporting and withholding of any federal, state, or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of each Covered Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld, and paid by NordsonKey.

Payments to Participants. 4.1 Not later than 120 days after the occurrence of a Funding Event and again not later than 10 days following the occurrence of a Change of Control, Nordson Company shall deliver to the Trustee a schedule (the "Payment Schedule") that lists the names and addresses of all Participants and indicates the amounts payable and to become payable to in respect of each Participant and/or (and his or her Beneficiaries), that provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable payable, the amount required by law to be withheld under federal, state and that indicates local wage withholding requirements or otherwise, the form in which such amounts are amount is to be paid, paid as provided for or available under each Covered the Plan, and the time of commencement for payment of such amounts. At the same time as Nordson delivers the Payment Schedule to the Trustee, Nordson shall deliver to each Participant that portion of the Payment Schedule that pertains to amounts that may become payable to that particular Participant. After the occurrence of a Change of Control, Nordson shall update the Payment Schedule, provide revised versions thereof to the Trustee, and provide the relevant portions thereof to each Participant from time to time and at such times so that each termination of the employment of any Participant (or the occurrence of any other fact or circumstance that alters the payments due or to become due to any Participant under any of the Covered Plans) is taken into account in a current revised Payment Schedule that has been appropriately delivered to the Trustee and to each Participant (to the extent relevant to each such Participant) not later than ten days after its occurrence. Except as otherwise provided herein, the Trustee shall make payments to the Participants and their Beneficiaries in accordance with the such Payment Schedule as it may be revised from time to timeSchedule. The Trustee shall make provision provisions, in accordance with Section 3.7 hereof, for the reporting and withholding of any federal, state, state or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of each Covered the Plan. The entitlement of a Participant or his or her Beneficiaries to benefits under the Plan shall be determined by Company or such party as it shall designate under the Plan, and any claim for such benefits shall be considered and reviewed under the procedures set out in the Plan. Company may make payment of benefit directly to Participants or their Beneficiaries as it becomes due under the terms of the Plan. Company shall notify Trustee of its decision to make payment of benefits directly prior to the time amounts are payable to Participants or their Beneficiaries. The Company shall be solely responsible for determining federal, state, and local taxes or withholding on these payments. Subject to Sections 3.4 and 3.7, the Trustee shall commence distributions from the Fund under the Plan upon the receipt of written notification by the Company or, after a Change in Control, by the Participant (or by the Beneficiary with respect to a deceased Participant) that such Participant (or Beneficiary) has become entitled to receive benefit payments under the Plan. Such notification shall include the amount of such benefits, the manner of payment and the name, 10 address and social security number of the recipient. The Trustee may take such reasonable steps as it, in its sole discretion, determines are necessary to verify any claim by a Participant (or Beneficiary) that such Participant (or Beneficiary) has become entitled to receive benefit payments under the Plan and shall pay amounts withheld to verify any information provided by such Participant (or Beneficiary) as to the amount of such benefits and the manner of their payment. Upon receipt of proper notification and appropriate taxing authorities federal, state and local tax withholding information, the Trustee shall commence distributions of cash or determine that securities, if applicable, from the Fund in accordance with the terms of the Plan. Payment shall be mailed to the person to whom such amounts distribution or payment is to be made, at such address as may have been reported, withheldlast furnished to the Trustee. All benefits payable from the Fund to a Participant (or a Beneficiary) under the Plan shall be paid solely from the Fund established under the Plan, and paid only if and to the extent the amounts credited to the Participant, based upon the separate record established and maintained by Nordsonthe Company with respect to the Plan, are sufficient therefor, and the Participant's separate record established and maintained by the Company with respect to the Plan shall be charged with the amount of such payments. The Trustee shall have no responsibility for and shall incur no liability with respect to any payment made pursuant to a direction received in accordance with this Section 3.3.

Payments to Participants. 4.1 Not later than 120 days after the occurrence of a Funding Event and again not later than 10 days following the occurrence of a Change of Control(a) The Company shall deliver, Nordson shall deliver or cause to the be delivered, to Trustee a schedule from time to time schedules (the "Payment ScheduleSchedules") that lists the names and addresses of all Participants and indicates indicate the amounts payable and to become payable in accordance with the terms of the Plan to each Participant and/or provides Participant, that provide a formula or other instructions acceptable to the Trustee for determining the amounts so payable and that indicates payable, the form in which such amounts are amount is to be paid, paid (as provided for or available under each Covered such Plan), and the time of commencement for and termination of payment of such amounts. At the same time as Nordson delivers the Payment Schedule to the Trustee, Nordson shall deliver to each Participant that portion of the Payment Schedule that pertains to amounts that The Company may become payable to that particular Participant. After the occurrence of a Change of Control, Nordson shall update the Payment Schedule, provide revised versions thereof to the Trustee, and provide the relevant portions thereof to each Participant from time to time and at such times so that each termination of amend the employment of any Participant (Payment Schedules then in effect or substitute new Payment Schedules in accordance with the occurrence of any other fact or circumstance that alters Participants’ elections under the payments due or Plan. Prior to become due to any Participant under any of the Covered Plans) is taken into account a Change in a current revised Payment Schedule that has been appropriately delivered to the Trustee and to each Participant (to the extent relevant to each such Participant) not later than ten days after its occurrence. Except as otherwise provided hereinControl, the Trustee shall make such payments to the Participants in accordance with the Payment Schedule Schedules as it may be revised from time directed by the Company and to timethe extent assets are available. Prior to a Change in Control, the Company shall have the right to add additional plans to this Trust, to add additional Participants to the Plan and to provide for the participation of additional employers (hereinafter “Participating Employers”) in the Trust. Upon a Change in Control, the Company shall not have the right to add additional plans to the Trust, to add additional Participants to the Plan or to provide for the participation of additional Participating Employers in the Trust, except with the prior written consent of the CIC GPAC. The Trustee shall make provision for shall, in accordance with the reporting written instructions of the Company withhold and withholding of report any federal, state, state or local taxes that may be required to be withheld and reported with respect to the payment of benefits pursuant to the terms of each Covered the Plan and shall pay amounts withheld to the appropriate taxing authorities authorities. In addition, the Trustee shall be authorized to pay any federal, state or determine local taxes to any governmental body that such amounts have been reported, presents a tax deficiency notice to the Trustee with respect to the income or assets of the Trust. The Company shall deliver to the Trustee each year a schedule which specifies the amount of taxes to be withheld, if any, with respect to benefit payments to be made hereunder. The Trustee shall be entitled to rely without further inquiry on the written instructions of the Company as to all tax reporting and paid by Nordsonwithholding requirements.