Distributions From the Trust Fund. AFTER THE GRANTOR'S DEATH. The grantor, from time to time may name any person or persons (who may be named contingently or successively and who may be natural persons or fiduciaries) to whom the principal of the trust fund and all accrued or undistributed income thereof shall be distributed in a lump sum or, if the beneficiary is the grantor's spouse, in installments, as directed by the grantor, upon the grantor's death. If the grantor directs an installment method of distribution, any amounts remaining at the death of the spouse beneficiary shall be distributed in a lump sum. Each designation shall revoke all prior designations, shall be in writing and shall be effective only when filed by the grantor with the administrator during the grantor's lifetime. If the grantor fails to direct a method of distribution, the distribution shall be made in a lump sum. If the grantor fails to designate a beneficiary as provided above, then on the grantor's death, the trustee shall distribute the balance of the trust fund in a lump sum to the executor or administrator of the grantor's estate.
Distributions From the Trust Fund. The Plan Administrator shall direct the Trustee regarding the manner of payments due under this Agreement. Any payment may be mailed by the Trustee either directly to the distributee or to the Plan Administrator. Any distribution may be made either in cash, in kind, or partly in cash and in kind. For the purposes of such distribution, the Trustee's valuation of the property or securities so distributed shall be binding and conclusive on all persons.
Distributions From the Trust Fund
