Termination in Other Events. Without in any way limiting any other provision of this Agreement, either Licensor or Licensee may terminate this Agreement by notice in writing to the other if an order is made by a court or other competent authority for the winding up or dissolution of Licensee.
Termination in Other Events. Notwithstanding anything herein to the contrary, the Trust shall terminate on the earliest of (a) 21 years following the death of the last surviving Participant included on the Participant Schedules received by the Trustee in 1995, (b) the date on which the Committee informs the Trustee in writing that the Company and its Affiliates have no obligations under any Plans (or the date on which there are no Plans) or (c) the date on which the Trust contains no assets and retains no claims to recover assets from the Company and its Affiliates pursuant to any provision hereof, whichever shall first occur. In the event of a termination described in clauses (a) or (b) of this Section, the Trustee shall distribute the assets remaining in the Trust Fund to all Participants listed on the Participant Schedule in an equal amount per Participant.
Termination in Other Events. 20 13.3 Limitation on Trustee Liability upon Total Distribution; Continuation of Trustee Powers................................ 21 13.4 Nonapplicability of ERISA..................................... 21
Termination in Other Events. Please see Program Policies for details on other termination events.
Termination in Other Events. . . .15 13.3 Limitation on Trustee Liability upon Total Distribution; Continuation of Trustee Powers. . . . . . . . . . . . . .15 13.4
Termination in Other Events. Notwithstanding anything herein to the contrary, the Trust shall terminate on the earliest of (a) the fifth anniversary of the Effective Date, (b) the date on which the Committee informs the Trustee in writing that the Company and its Affiliates have no obligations under any Plans (or the date on which there are no Plans), (c) the date on which the Committee demands repayment of the entire outstanding principal balance and accrued interest on any loans to the Trust, or (d) the date on which the Trust contains no assets and retains no claims to recover assets from the Company and its Affiliates pursuant to any provision hereof, whichever shall first occur. In the event of a termination described in clauses (a), (b), or (c) of this Section 13.2, the Trustee shall sell such shares of Company Stock held in the Trust as necessary to repay all principal and interest remaining due under any loans to the Trust and shall then distribute all remaining assets then constituting the Trust Fund, as provided in Section 13.1
Termination in Other Events. 13.3. Limitation on Trustee Liability Upon Total Distribution; Continuation of Trustee Powers 13.4. Nonapplicability of ERISA 13.5. Reversion to the Company SECTION 14. Amendment
Termination in Other Events. Notwithstanding anything herein to the contrary, the Trust shall terminate on the earliest of (a) 21 years following the death of the youngest Participant included on the Participant Schedule received by the Trustee in 2004, (b) the date on which the Committee informs the Trustee in writing that the Company and its Affiliates have no obligations under any Plans (or the date on which there are no Plans), or (c) the date on which the Trust contains no assets and retains no claims to recover assets from the Company and its Affiliates pursuant to any provision hereof. In the event of a termination described in clauses (a) or (b) of this Section 13.2, the Trustee shall distribute the assets remaining in the Trust Fund to all Participants listed on the Participant Schedule in an equal amount per Participant.
Termination in Other Events. Notwithstanding anything herein to the contrary, the Trust shall terminate on the earliest of (a) the fifth anniversary of the Effective Date, (b) the date on which the Committee informs the Trustee in writing that the Company and its Affiliates have no obligations under any Plans (or the date on which there are no Plans), (c) the date on which the Committee demands repayment of the entire outstanding principal balance and accrued interest on any loans to the Trust, or (d) the date on which the Trust contains no assets and retains no claims to recover assets from the Company and its Affiliates pursuant to any provision hereof, whichever shall first occur. In the event of a termination described
Termination in Other Events. Notwithstanding anything herein to the contrary, the Trust shall terminate on the earliest of (a) 20 years following the date of this Trust Agreement, (b) the date on which the Committee informs the Trustee in writing that the Company and its Affiliates have no obligations under any Plans (or the date on which there are no Plans) or (c) the date on which the Trust contains no assets and retains no claims to recover assets from the Company and its Affiliates pursuant to any provision hereof, whichever shall first occur. In the event of a termination described in clause (a) of this Section 13.2, the Trustee shall sell such shares of Company Stock held in the Trust as necessary to repay all principal and interest remaining due under any loans. The Trustee shall then distribute all remaining assets then constituting the Trust Fund as provided in Section 13.1. In the event of a termination described in clause (b) of this Section 13.2, the Trustee shall distribute the assets remaining in the Trust Fund to all those persons who were Participants immediately prior to the date on which the Company and its Affiliates cease to have obligations under Plans or the date on which there are no Plans as described in clause (b). Such distribution shall be made pro rata based upon the number of shares allocated to the account of each such Participant in the Savings Plan plus the number of shares subject to outstanding options granted to each such Participant under the Stock Option Plans as compared to the number of shares of Company Stock allocated to all Participant accounts in the Savings Plan plus the total number of Shares subject to outstanding options granted under the Stock Option Plans to Participants.
