Date of Distribution Clause Samples

Date of Distribution. The Certificate Holder shall specify the initial distribution date. As elected by the Certificate Holder, SWO payments will be made on a monthly or quarterly basis unless Aetna allows otherwise. If SWO payments are made more frequently than annually, the designated annual amount is divided by the number of payments due each calendar year. Subsequent distributions will be made on the 15th of any month or such other date as Aetna may designate or allow.

Date of Distribution. Unless the Participant or, if deceased, his Beneficiary, surviving spouse or estate, as the case may be, otherwise elects, the payment of benefits to which any such person is entitled shall begin not later than sixty (60) calendar days after the latest of the Anniversary Date of the Plan Year in which: (a) the Participant attains age sixty-five (65), (b) occurs the tenth (10th) anniversary of the date on which the Participant initially became eligible to participate in this Plan, or (c) the Participant terminates his employment with the Companies; provided, however, that the distribution of benefits to a Participant shall commence on or before April 1 of the calendar year following the calendar year during which that Participant attains age seventy and one-half (70 1/2) or, if the Participant is not a five percent (5%) owner of a Company (within the meaning of Section 416 of the Code) and if later, of the calendar year during which his employment with the Company is terminated.

Date of Distribution. The Licensee shall ensure that each Licensed Product shall be available for purchase by the public in commercial quantities in the Distribution Channels in the Territory by the “Market Date” specified in the relevant part of Schedule 1, or if no date is specified, within six (6) months of the Commencement Date, or as otherwise agreed by the Parties. In this clause, “commercial quantities” shall mean sufficient quantities to meet the demands and fulfil the orders placed by customers in the Distribution Channels in the Territory within a reasonable period of time.

Date of Distribution. Unless the Participant or, if deceased, his Beneficiary, surviving spouse or estate, as the case may be, otherwise elects, the payment of benefits to which any such person is entitled shall begin not later than sixty (60) calendar days after the latest of the Anniversary Date of the Plan Year in which: (a) the Participant attains age sixty-five (65), (b) occurs the tenth (10th) anniversary of the date on which the Participant initially became eligible to participate in this Plan, or (c) the Participant terminates his employment with the Companies; provided, however, that the distribution of benefits to a Participant shall commence not later than the Participant's required beginning date. Benefit distributions to a Participant (other than a 5-percent owner) must commence by the later of the April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2 or retires from the employment of the Employer, and benefit distributions to a Participant who is a 5-percent owner must commence by the later of the April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2. A Participant is treated as a 5-percent owner for purposes of this section is such Participant is a 5-percent owner as defined in section 416 of the Code at any time during the Plan Year ending with or within the calendar year in which such owner attains age 70 1/2. Once distributions have begun to a 5-percent owner under this section, they must continue to be distributed, even if the Participant ceases to be a 5-percent owner in a subsequent year.

Date of Distribution. 19 Section 6.10.

Date of Distribution. The Contract Holder shall specify the initial distribution date. The earliest date is the first day of the calendar year in which the Contract Holder attains age 70 1/2. SWO payments will be made annually. Subsequent distributions will be made annually on the 15th of the month or such other date Aetna may designate or allow.

Date of Distribution. The Contract Holder shall specify the first payment date. The earliest allowable first payment date is the date on which the Contract Holder attains age 59-1/2. As elected by the Contract Holder, SWO payments will be made on a monthly, quarterly, semi-annual or annual basis. If SWO payments are made more frequently than annually, the designated annual amount is divided by the number of payments due each year. Subsequent payments will be made on the 15th of the appropriate months or on such other date Aetna may designate or allow.

Date of Distribution. Pro-forma entry

Date of Distribution. The Distribution shall be paid on the first to occur of: (1) 6 months after the date on which the Executive’s employment with the Company terminates, (2) December 27, 2014, which is the seventh anniversary of the effective date of this Agreement, (3) the Executive’s death, (4) the date the Executive becomes Disabled, as defined for purposes of section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), or (5) the occurrence of an Unforeseeable Emergency, as defined for purposes of section 409A of the Code, provided that the amount of the Distribution payable upon an Unforeseeable Emergency shall be limited to the amount necessary to satisfy such Unforeseeable Emergency, and the remaining amount of the Distribution, if any, shall be paid on the next to occur of such dates. No amount shall be payable under this Agreement, however, if prior to March 23, 2010, the Company terminates the Executive’s employment for Cause, or the Executive terminates his employment without Good Reason, as such terms are defined in the Employment Agreement between the Company and the Executive dated February 2, 2005 (the “Employment Agreement”).