Distribution of Company Deferrals Sample Clauses

The "Distribution of Company Deferrals" clause outlines how and when deferred amounts owed by the company, such as postponed payments or accrued benefits, are to be distributed to eligible parties. Typically, this clause specifies the timing, method, and conditions under which these deferred sums will be paid out, for example, upon reaching a certain date, achieving a milestone, or upon termination of employment. Its core function is to provide clear guidelines for the disbursement of deferred company obligations, ensuring predictability and fairness in the handling of such payments.
Distribution of Company Deferrals 
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Related to Distribution of Company Deferrals

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

  • Distribution of Financial Contribution The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.

  • Distribution of Benefit The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Separation from Service. The annual benefit shall be distributed to the Executive for fifteen (15) years.

  • Hardship Distribution Upon the Board of Director's determination (following petition by the Executive) that the Executive has suffered an unforeseeable financial emergency as described in Section 2.2.2, the Company shall distribute to the Executive all or a portion of the Deferral Account balance as determined by the Company, but in no event shall the distribution be greater than is necessary to relieve the financial hardship.

  • Distribution of UDP and TCP queries DNS probes will send UDP or TCP “DNS test” approximating the distribution of these queries.