Request for Distribution Clause Samples

The Request for Distribution clause outlines the process by which a party can formally ask for the disbursement of funds or assets held in trust or escrow. Typically, this clause specifies the required documentation, timing, and conditions that must be met before a distribution is made, such as providing proof of entitlement or meeting certain milestones. Its core practical function is to ensure that distributions are handled in an orderly and transparent manner, reducing the risk of disputes and ensuring that only eligible parties receive payments.
Request for Distribution. The Custodian shall distribute the assets of the Account to the Employee upon receipt by the Custodian of a written request for distribution submitted by the Employee, in a form acceptable to the Custodian, subject to the limitations of Article 5.2.
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Request for Distribution. Distribution from the Custodial Account shall be made by the Custodian only to a Participant, designated Beneficiary or Alternate Payee, and no purported sale, transfer, pledge or assignment by the Participant, his spouse or Beneficiary of all or any part of an interest in the Custodial Account shall be recognized by the Custodian except as provided in Section 3.3. The interest of a Participant, his spouse or Beneficiary in the Custodial Account shall not be subject to the debts, contracts, liabilities, engagements or torts of such person or to attachment or legal process against such person.
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Request for Distribution. The Participant’s interest in the Account shall be distributed by the Custodian on Instructions, (written or other form as agreed to by the Custodian) from the Participant or his or her Beneficiary, which designate the method of distribution in a form provided in Section 4.04 below. The Custodian may rely solely on the accuracy of all facts supplied at any time by the Participant or Beneficiary.
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Request for Distribution. Subject to the other requirements of this Article, a Participant may elect to have his or her vested Accrued Benefit paid to him or her beginning upon any Settlement Date following his or her Termination of Employment by submitting a completed distribution election in accordance with a procedure established by the responsible Named Fiduciary. Such election form shall include or be accompanied by a notice which provides the Participant with information regarding all optional times and forms of payment available. The election must be submitted to the responsible Named Fiduciary by the Sweep Date that relates to the Payment Date.
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Request for Distribution. Distribution from the Custodial Account shall be made by the Sponsor only to a Participant, his designated Benefi- ciary or Alternate Payee. No purported sale, transfer, pledge or assignment by the Participant, his spouse or Beneficiary of all or any part of an interest in the Custodial Account shall be recognized by the Sponsor except as provided herein. The interest of a Participant, his spouse or Beneficiary
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Request for Distribution. In the event of a Participant’s death prior to his or her Payment Date, a Beneficiary may elect to have the Accrued Benefit of a deceased Participant paid to him or her beginning upon any Settlement Date following the Participant’s date of death by submitting a completed distribution election in accordance with the procedure established by the responsible Named Fiduciary. The election must be submitted to the responsible Named Fiduciary by the Sweep Date that relates to the Settlement Date upon which payments are to begin.
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Request for Distribution. Distribution from the Custodial Account shall be made by the Custodian only to a Participant, his designated Beneficiary or Alternate Payee. No purported sale, transfer, pledge or assignment by the Participant, the Participant’s s spouse or Beneficiary of all or any part of an interest in the Custodial Account shall be recognized by the Custodian except as provided herein. The interest of a Participant, the Participant’s spouse or Beneficiary in the Custodial Account shall not be subject to the debts, contracts, liabilities, engagements, or torts of such person or to attachment or legal process against such person. All distributions from this Custodial Account shall be requested on a form approved by the Custodian.
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Request for Distribution. The Custodian shall distribute the assets of the Account to the Employee upon receipt by the Custodian of a written request for distribution submitted by the Employee, in a form acceptable to the Custodian, subject to the limitations of Article 5.2. 5.2 LIMITATIONS ON DISTRIBUTIONS: Except as may otherwise be provided in Article 3.6, the assets of the Account shall not be distributed to the Employee before the Employee attains age 59 1/2 unless the Employee has: (a) separated from the service of the Employer, (b) incurred a Disability, or (c) encountered Financial Hardship. Any distribution that is made to the Employee for reason of Financial Hardship shall not exceed the amount of Employer contributions made to the Account, pursuant to a salary reduction agreement with the Employee, excluding earnings thereon.
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Related to Request for Distribution

  • Request for Dues Check Off Employees shall have the right to request and be allowed dues check off for the Exclusive Representative, provided that dues check off and the proceeds thereof shall not be allowed any employee organization that has lost its right to dues check off pursuant to the PELRA Upon receipt of a properly executed authorization card of the employee involved, the District will deduct from the employee’s paycheck the dues as specified by the Union.

  • Request for Payment A. Not more than once every thirty days the Consultant shall send electronically to ▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇ its request for payment of Exhibit A Work, accompanied by evidence satisfactory to the City justifying the request for payment, including a report of Work accomplished and tasks completed, and an itemization of Eligible Expenses with copies of receipts and invoices.

  • Request for Review If any operator believes that in his case any requirment of a recognized agency is excessive, the operator may request the administrator, division of forestry, to review the requirements. If in the opinion of the administrator any or all are not necessary in the interest of public safety, he may make such changes as he considers advisable. Bucket: Metal, plastic, canvas, or fiberglass container capable of holding at least one gallon of water. Motorcycle helmets qualify. Campfire means a fire set for cooking, warming, or ceremonial purposes; not more than 3 feet in diameter or height; void of overhanging branches; with all combustible material cleared at least 1-1/2 times the diameter of the fire; or a barbecue in a noncombustible container.

  • Request for a Panel 1. Unless the Parties agree on a different period for consultations, a complaining Party may request in writing the establishment of a Panel if the consultation referred to in the Article 176 (Consultations) fails to resolve a matter within 60 days, after the date of receipt of the request for consultations or 50 days in case of urgent matters. 2. The complaining Party shall deliver the request to the other Party, indicating at least, the reason of the request, the identification of the measure, an indication of the provision of this Agreement that it considers relevant and an indication of the legal basis of the complaint. The Panel will be considered as established on the date of receipt of the corresponding request to the other Party. 3. Unless otherwise agreed by the disputing Parties, the Panel shall be selected and perform its functions in a manner consistent with the provisions of this Chapter.

  • Notice of Final Distribution The notice to be provided pursuant to Section 9.02 to the effect that final distribution on any of the Certificates shall be made only upon presentation and surrender thereof.