Carrying on a Business. Notwithstanding any powers granted to the Trustee pursuant to this Trust Agreement or applicable law, the Trustee shall not have any power that could give this Trust the objective of carrying on a business and dividing the gains from that business within the meaning of Section 301.7701-2 of the Treasury Regulations promulgated pursuant to the Code.
Appears in 7 contracts
Samples: Executive Severance Agreement (SpartanNash Co), Executive Severance Agreement (SpartanNash Co), Executive Severance Agreement (SpartanNash Co)
Carrying on a Business. Notwithstanding any powers granted to the Trustee pursuant to this Trust Agreement or applicable law, the Trustee shall not have any power that could give this Trust the objective of carrying on a business and dividing the gains from that business therefrom, within -14- the meaning of Section 301.7701-2 of the Treasury Procedure and Administrative Regulations promulgated pursuant to the Internal Revenue Code.
Appears in 4 contracts
Samples: Executive Severance Agreement (Spartan Stores Inc), Executive Severance Agreement (Spartan Stores Inc), Executive Severance Agreement (Spartan Stores Inc)
Carrying on a Business. Notwithstanding any powers granted to the Trustee pursuant to this Trust Agreement or to applicable law, the Trustee shall not have any power that could give this Trust the objective of carrying on a business and dividing the gains from that business therefrom, within the meaning of Section 301.7701-2 of the Treasury Procedure and Administrative Regulations promulgated pursuant to the Code.
Appears in 1 contract
