Common use of Amount to be Distributed Clause in Contracts

Amount to be Distributed. The amount to which a Director, or in the event of such Director's death, his or her Beneficiary is entitled in accordance with the following provisions of this Article VII shall be based on the Director's adjusted balances in his or her Deferred Fee Account and Deferred Share Account determined as of the Accounting Date coincident with or next following his or her Settlement Date or Dates.

Appears in 2 contracts

Samples: Trust Agreement (Cleveland Cliffs Inc), Trust Agreement (Cleveland Cliffs Inc)

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Amount to be Distributed. The amount to which a Director, or in the event of such Director's ’s death, his or her Beneficiary is entitled in accordance with the following provisions of this Article VII shall be based on the Director's ’s adjusted balances in his or her Deferred Fee Account and Deferred Share Account determined as of the Accounting Date coincident with or next following his or her Settlement Date or Dates.

Appears in 1 contract

Samples: Trust Agreement (Cliffs Natural Resources Inc.)

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Amount to be Distributed. The amount to which a Director, or in the event of such Director's death, his or her Beneficiary is entitled in accordance with the following provisions of this Article VII shall be based on the Director's adjusted balances in his or her Deferred Fee Account and Deferred Share Account Other Equity Subaccount and Deferred Share Annual Equity Subaccount determined as of the Accounting Date coincident with or next following his or her Settlement Date or Dates.

Appears in 1 contract

Samples: Trust Agreement (Cliffs Natural Resources Inc.)

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