Common use of Amendment of Trust Clause in Contracts

Amendment of Trust. All contributions made by the Company shall be irrevocable unless the benefits payable hereunder have been otherwise paid to the Participants by the Company; provided that, the Company may amend, in whole or in part, any or all of the provisions of this Trust Agreement, provided that no such amendment may affect the rights, protections, duties or responsibilities of the Trustee without his consent and, provided further, that no such amendment may (a) permit any part of the corpus or income of the Trust to be returned or diverted to the Company or (b) diminish, reduce, alter, or impair any Participant’s Share Award Account without such Participant’s consent.

Amendment of Trust. All contributions made by the Company or any Subsidiary shall be irrevocable unless the benefits payable hereunder have been otherwise paid to the Participants by the CompanyCompany or a Subsidiary; provided that, the Company may amend, in whole or in part, any or all of the provisions of this Trust Agreement, provided that no such amendment may affect the rights, protections, duties or responsibilities of the Trustee without his consent and, provided further, that no such amendment may (a) permit any part of the corpus or income of the Trust to be returned or diverted to the Company or (b) diminish, reduce, alter, or impair any Participant’s Share Award Account without such Participant’s consent.

Amendment of Trust. All contributions made by the Company or any Subsidiary shall be irrevocable unless the benefits payable hereunder have been otherwise paid to the Participants by the CompanyCompany or a Subsidiary; provided that, the Company may amend, in whole or in part, any or all of the provisions of this Trust Agreement, provided that no such amendment may affect the rights, protections, duties or responsibilities of the Trustee without his consent and, provided further, that no such amendment may (a) permit any part of the corpus or income of the Trust to be returned or diverted to the Company or (b) diminish, reduce, alter, or impair any Participant’s 's Share Award Account without such Participant’s 's consent.