Common use of Event of Withdrawal Clause in Contracts

Event of Withdrawal. Upon receipt of notice from the Company of the termination (including any partial termination) and distribution of the assets of a Participating Plan or of the withdrawal of any Participating Plan, or part thereof, from the Trust, the Trustee shall segregate the share of the assets of the Master Fund allocable to such Participating Plan, or part thereof, and shall dispose of such assets in accordance with the directions of the Company.

Appears in 2 contracts

Sources: Trust Agreement (Bp Amoco PLC), Trust Agreement (Omnicom Group Inc)