Common use of Payments to Plan Participants and Their Beneficiaries Clause in Contracts

Payments to Plan Participants and Their Beneficiaries. 2.1 As and when payable pursuant to the Plans, the Company shall promptly furnish to the Trustee a schedule ("Payment Schedule") that shows (i) the amounts payable to each Plan participant (and his or her beneficiaries), (ii) a formula or other instructions acceptable to the Trustee for determining the amounts so payable, (iii) the form in which such amounts are to be paid (as provided for or available under the Plans), and (iv) the time of commencement for payment of such amounts. Except as otherwise provided in this Agreement, the Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provisions 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 Plans and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the Company.

Appears in 2 contracts

Samples: Trust Agreement (Belden Inc), Trust Agreement (Belden Inc)

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Payments to Plan Participants and Their Beneficiaries. 2.1 As and when payable pursuant to the Plans, the Company (a) The Employer shall promptly furnish deliver to the Trustee a schedule (the "Payment Schedule") that shows (i) indicates the amounts payable with respect to each Plan participant employed by the applicable Employer (and his or her beneficiaries), (ii) that provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable, (iii) the form in which such amounts are amount is to be paid (as provided for or available under the PlansPlan), and (iv) the time of commencement for payment of such amounts. Except as otherwise provided in this Agreementherein, the Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provisions 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 Plans terms of the Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the CompanyEmployer.

Appears in 2 contracts

Samples: Agreement (Cna Surety Corp), Agreement (Cna Surety Corp)

Payments to Plan Participants and Their Beneficiaries. 2.1 As and when payable pursuant to (a) Upon the Plansoccurrence of a Change in Control, the Company shall promptly furnish deliver to the Trustee a schedule (the "Payment Schedule") that shows (i) indicates the amounts payable to in respect of each Plan participant (and his or her beneficiaries), (ii) that provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable, (iii) the form in which such amounts are amount is to be paid (as provided for or available under the PlansPlan), and (iv) the time of commencement for payment of such amounts. Except as otherwise provided in this Agreementherein, the Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provisions 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 2 3 of benefits pursuant to the Plans terms of the Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the Company.

Appears in 1 contract

Samples: Form of Trust Agreement (Shorewood Packaging Corp)

Payments to Plan Participants and Their Beneficiaries. 2.1 As and when payable pursuant (a) If at any time (whether on or prior to the Plansdate of termination of the Plan (the "Termination Date")), the Company Plan Committee determines that a payment should be made to Plan Participants under the Plan, then it shall promptly furnish deliver to the Trustee Trustees a schedule (the "Payment Schedule") that shows (i) indicates the amounts payable to in respect of each Plan participant Participant (and his or her such Plan Participant's beneficiaries), (ii) provides a formula or other instructions acceptable to the Trustee Trustees for determining the amounts so payable, (iii) the form in which such amounts are to be paid (as provided for or available under the Plans), and (iv) indicates the time of commencement for payment of such amounts. Except as otherwise provided in this Agreementherein, the Trustee Trustees shall make payments to the Plan participants and Participants or their beneficiaries in accordance with such Payment Schedule. The Trustee Trustees shall make provisions 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 Plans terms of this Agreement and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the CompanyCompany in accordance with the Plan.

Appears in 1 contract

Samples: Trust Agreement (TWP Capital Corp Ii)

Payments to Plan Participants and Their Beneficiaries. 2.1 As and when payable pursuant to the Plans, the (a) Company shall promptly furnish deliver to the Trustee Trustees a schedule (the "Payment Schedule") that shows (i) indicates the amounts payable to in respect of each Plan participant (and his or her beneficiaries), (ii) that provides a formula or other instructions acceptable to the Trustee Trustees for determining the amounts so payable, (iii) the form in which such amounts are amount is to be paid (as provided for or available under the PlansPlan), and (iv) the time of commencement for payment of such amounts. The Payment Schedule shall be updated as required to reflect Company's obligations under the Plan. Except as otherwise provided in this Agreementherein, the Trustee Trustees shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee Trustees shall make provisions 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 Plans terms of the Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the Company.

Appears in 1 contract

Samples: Agreement (North American Galvanizing & Coatings Inc)

Payments to Plan Participants and Their Beneficiaries. 2.1 As and when payable pursuant to the Plans, the (a) Company shall promptly furnish periodically (and in no event no less often than annually on or about December 1) deliver to the Trustee a schedule (the "Payment Schedule") that shows (i) indicates the amounts payable to in respect of each Plan participant (and his or her beneficiaries), (ii) that provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable, (iii) the form in which such amounts are amount is to be paid (as provided for or available under the PlansPlan(s), and (iv) the time of commencement for payment of such amounts. Except as otherwise provided in this Agreementherein, the Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provisions provision for the reporting and withholding of any federal, state state, local or local other taxes that may be required to be withheld with respect to the payment of benefits pursuant to the Plans terms of the Plan(s) and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the Company.

Appears in 1 contract

Samples: Globalsantafe Corp

Payments to Plan Participants and Their Beneficiaries. 2.1 As and when payable pursuant (a) In the event the Trust makes payments to the PlansPlan participants or their beneficiaries, the Company shall promptly furnish deliver to the Trustee a schedule (the "Payment Schedule") that shows (i) indicates the amounts payable to in respect of each Plan participant (and his or her beneficiaries), (ii) that provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable, (iii) the form in which such amounts are amount is to be paid (as provided for or available under the PlansPlan), and (iv) the time of commencement for payment of such amounts. Except as otherwise provided in this Agreementherein, the Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provisions 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 Plans terms of the Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the Company.

Appears in 1 contract

Samples: Allete Inc

Payments to Plan Participants and Their Beneficiaries. 2.1 As and when payable pursuant to the Plans, the 2.1. The Company shall promptly furnish deliver to the Trustee a schedule ("the β€œPayment Schedule"”) that shows (i) indicates the amounts payable to in respect of each Plan participant (and his or her beneficiaries)) and each account maintained under this Trust, (ii) that provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable, (iii) the form in which such amounts are amount is to be paid (as provided for or available under the PlansPlan), and (iv) the time of commencement for payment of such amounts. Except as otherwise provided in this Agreementherein, the Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provisions 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 Plans terms of the Plan(s) and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the Company.

Appears in 1 contract

Samples: Deferred Compensation Plan (Oak Ridger LLC)

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Payments to Plan Participants and Their Beneficiaries. 2.1 As and when payable pursuant to the Plans, the (a) The Company shall promptly furnish deliver to the Trustee a schedule (the "Payment Schedule") that shows (i) indicates the amounts payable to in respect of each Plan participant Participant (and his or her beneficiaries), (ii) that provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable, (iii) the form in which such amounts are amount is to be paid (as provided for or available under the PlansPlan, and including transfers of Common Stock from the Trust to Participants), and (iv) the time date of commencement for payment of such amounts. Except as otherwise provided in this Agreementherein, the Trustee shall make payments to the Plan participants Participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provisions 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 Plans terms of the Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the Company.

Appears in 1 contract

Samples: Trust Agreement (Community Financial Corp /Il/)

Payments to Plan Participants and Their Beneficiaries. 2.1 As and when payable pursuant to (a) Upon the Plansoccurrence of a Change in Control, the Company shall promptly furnish deliver to the Trustee a schedule (the "Payment Schedule") that shows (i) indicates the amounts payable to in respect of each Plan participant (and his or her beneficiaries), (ii) that provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable, (iii) the form in which such amounts are amount is to be paid (as provided for or available under the PlansPlan), and (iv) the time of commencement for payment of such amounts. Except as otherwise provided in this Agreementherein, the Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provisions 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 Plans terms of the Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the Company.

Appears in 1 contract

Samples: Form of Trust Agreement (Shorewood Packaging Corp)

Payments to Plan Participants and Their Beneficiaries. 2.1 As and when payable (a) Subsequent to the determination pursuant to the PlansSection 2(b), the Company shall promptly furnish direct Trustee to make payments from the Trust according to the Trustee a schedule ("Payment Schedule") that shows (i) terms of the Plan, indicating the amounts payable to in respect of each Plan participant (and his or her beneficiaries), (ii) providing a formula or other instructions acceptable to the Trustee for determining the amounts so payable, (iii) the form in which such amounts are amount is to be paid (as provided for or available under the PlansPlan), and (iv) the time of commencement for payment of such amounts. Except as otherwise provided in this Agreementherein, the Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Scheduledirections. The Trustee shall make provisions provision for the reporting and withholding of any federalFederal, state or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the Plans terms of the Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the Company.

Appears in 1 contract

Samples: Agreement (Community Health Systems Inc)

Payments to Plan Participants and Their Beneficiaries. 2.1 As and when payable pursuant to the Plans, the (a) The Company or such party as it shall promptly furnish designate in writing shall deliver to the Trustee from time to time a written schedule or schedules (each, a "Payment Schedule") that shows (i) indicates the amounts payable to in respect of each Plan participant (and his or her beneficiaries), (ii) or that provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable, (iii) the form in which such amounts are amount is to be paid (as provided for or available under the PlansPlan(s)), and (iv) the time of commencement for payment of such amounts. Except as otherwise provided in this Agreementherein, the Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provisions 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 Plans terms of the Plan(s) and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by the Company.

Appears in 1 contract

Samples: Smart & Final Inc/De

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