Plan Distribution Clause Samples
The Plan Distribution clause defines how and when copies of a specific plan or document are to be shared among relevant parties. Typically, this clause outlines the recipients, the format (such as electronic or hard copy), and the timing or triggers for distribution, such as upon approval or revision of the plan. Its core function is to ensure that all stakeholders have timely and consistent access to the most current version of the plan, thereby promoting coordination and reducing the risk of miscommunication.
Plan Distribution. As soon as reasonably practicable following the Retirement Date and in accordance with the terms of the plan, the Company will cause the plan to distribute an amount equal to the then current balance in your 401(k) account with the Company to you or to your rollover ▇▇▇ at your election. Benefit
Plan Distribution. Sellers agree and acknowledge that the consummation of the transactions contemplated by this Agreement will result in, and constitute, a distributable event pursuant to Code Section 401(k)(10)(A)(ii) (the "Distributable Event") for all Employees of Sellers who are participants in any tax-qualified plan that has a 401(k) component maintained by Sellers prior to the Closing Date and, accordingly, Sellers shall provide Buyer, in a form reasonably acceptable to Buyer, evidence that Sellers recognize the Distributable Event. Sellers further agree that on or prior to the Closing Date, all of the accounts in Sellers' tax-qualified plan(s) of all Employees who cease to be employees of Sellers as a result of, or in connection with, the consummation of the transactions contemplated by this Agreement shall be fully vested.
Plan Distribution. No later than five (5) business days following the submission of Project plans related to the required substantial conformance review for the Project, NUWI CMR, LLC shall provide notice and a digital copy of any such plans to CMRRCA. Such notice shall be provided only once. CMRRCA shall designate one (1) individual (the “Association Designee”) as the recipient of all such notices and plans. Counsel for CMRRCA shall provide the name of the Association Designee to counsel for NUWI CMR, LLC pursuant to the requirements of the Agreement. Thereafter, CMRRCA shall be responsible for apprising NUWI CMR, LLC directly of any changes to the Association Designee. CMRRCA shall not have approval or revision authority over any plans related to the Project. This term of the Agreement does not grant, either expressly or impliedly, any approval or revision authority, or any comment period, over any plans related to the Project to CMRRCA.
Plan Distribution. Construction Manager will initiate and monitor the distribution of Project plans and specifications.