Establishment of Trust. The Company may establish an irrevocable trust fund pursuant to a trust agreement to hold assets to satisfy its obligations hereunder. Funding of such trust fund shall be subject to the Company's discretion, as set forth in the agreement pursuant to which the fund will be established.
Appears in 24 contracts
Samples: Severance and Non Competition Agreement (Maritrans Inc /De/), Severance and Non Competition Agreement (Maritrans Inc /De/), Severance and Non Competition Agreement (Maritrans Inc /De/)
Establishment of Trust. The Company may establish an irrevocable trust fund pursuant to a trust agreement to hold assets to satisfy any of its obligations hereunderunder this Agreement. Funding of such trust fund shall be subject to the CompanyBoard's discretion, as set forth in the agreement pursuant to which the fund will be established.
Appears in 17 contracts
Samples: Employment Agreement (Northeast Utilities), Employment Agreement (Northeast Utilities), Employment Agreement (Connecticut Light & Power Co)
Establishment of Trust. The Immediately upon a Change of Control as herein defined, the Company may shall establish an irrevocable trust fund pursuant to a trust agreement to hold assets to satisfy its obligations hereunder. Funding of such trust fund shall be subject to the Company's ’s discretion, as to be set forth in the agreement pursuant to which the trust fund will be established.
Appears in 14 contracts
Samples: Severance Agreement (Bryn Mawr Bank Corp), Severance Agreement (Bryn Mawr Bank Corp), Severance Agreement (Bryn Mawr Bank Corp)
Establishment of Trust. The Company may establish an irrevocable trust fund pursuant to a trust agreement to hold assets to satisfy its obligations hereunder. Funding of such trust fund shall be subject to the Company's ’s discretion, as set forth in the agreement pursuant to which the fund will be established.
Appears in 8 contracts
Samples: Severance and Non Competition Agreement (Maritrans Inc /De/), Severance and Non Competition Agreement (Maritrans Inc /De/), Severance and Non Competition Agreement (Maritrans Inc /De/)
Establishment of Trust. The Company may has or will establish an irrevocable trust fund (hereinafter referred to as the "Trust Fund") pursuant to a trust agreement to hold assets contributed to satisfy its obligations hereunderunder this Agreement. Funding of such trust fund shall be subject to the Company's discretion, as set forth in the trust agreement pursuant to which establishing the fund will be established.Trust Fund. Notwithstanding the foregoing:
Appears in 6 contracts
Samples: Agreement (Radian Group Inc), Agreement (Cmac Investment Corp), Agreement (Radian Group Inc)
Establishment of Trust. The Company may establish an irrevocable trust fund pursuant to a trust agreement to hold assets to satisfy its obligations hereunder. Funding of such trust fund shall be subject to the Company's discretion, as set forth in the agreement pursuant to which the fund will be established. 6.
Appears in 3 contracts
Samples: Severance and Non Competition Agreement (Maritrans Inc /De/), Severance and Non Competition Agreement (Maritrans Inc /De/), Severance and Non Competition Agreement (Maritrans Inc /De/)
Establishment of Trust. The Company may establish an irrevocable trust fund pursuant to a trust agreement to hold assets to satisfy any of its obligations hereunderunder this Agreement. Funding of such trust fund shall be subject to the CompanyTrustees's discretion, as set forth in the agreement pursuant to which the fund will be established.
Appears in 2 contracts
Samples: Employment Agreement (North Atlantic Energy Corp /Nh), Employment Agreement (Public Service Co of New Hampshire)
Establishment of Trust. The Company may establish has established an irrevocable trust fund (the "Trust Fund") pursuant to a trust agreement to hold assets contributed to satisfy its obligations hereunder. Funding of such trust fund shall be subject to the Company's discretion, as set forth in the agreement pursuant to which the fund will be established.. Notwithstanding the foregoing:
Appears in 2 contracts
Samples: Agreement (Uni Marts Inc), 1 Agreement (Uni Marts Inc)
Establishment of Trust. The Company may establish an irrevocable trust fund pursuant to a trust agreement to hold assets to satisfy its obligations hereunder. Funding of such trust fund shall be subject to the CompanyBoard's discretion, as set forth in the agreement pursuant to which the fund will be established.
Appears in 1 contract
Samples: Non Competition and Confidentiality Agreement (Sun International North America Inc)
Establishment of Trust. The Immediately upon a Change of Control as herein ---------------------- defined, the Company may shall establish an irrevocable trust fund pursuant to a trust agreement to hold assets to satisfy its obligations hereunder. Funding of such trust fund shall be subject to the Company's discretion, as to be set forth in the agreement pursuant to which the trust fund will be established.
Appears in 1 contract
Establishment of Trust. The Company may has or will establish an irrevocable trust fund (hereinafter referred to as the "Trust Fund") pursuant to a trust agreement to hold assets contributed to satisfy its obligations hereunderunder this Agreement. Funding of such trust fund shall be subject to the Company's discretion, as set forth in the agreement pursuant to which the fund will be established.be
Appears in 1 contract
Samples: Agreement (Cmac Investment Corp)
Establishment of Trust. The Company may establish has established an irrevocable trust fund pursuant to a trust agreement to hold assets to satisfy any of its obligations hereunderunder certain employee benefit plans and shall use such trust, in the event of a Change of Control or in the event that a Change of Control is imminent, as defined in that trust, to satisfy its obligations under this Agreement. Funding of such trust fund shall be subject to the Company's discretion, as set forth in terms of the agreement pursuant to which the fund will be trust was established. 19.
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Establishment of Trust. The Company may shall establish an irrevocable trust fund (the "Trust Fund") pursuant to a trust agreement to hold assets contributed to satisfy its obligations hereunder. Funding of such trust fund shall be subject to the Company's discretion, as set forth in the agreement pursuant to which the fund will be established.. Notwithstanding the foregoing:
Appears in 1 contract
Establishment of Trust. The Company may has or will establish an irrevocable trust fund (hereinafter referred to as the “Trust Fund”) pursuant to a trust agreement to hold assets contributed to satisfy its obligations hereunderunder this Agreement. Funding of such trust fund shall be subject to the Company's ’s discretion, as set forth in the trust agreement pursuant to which establishing the fund will be established.Trust Fund. Notwithstanding the foregoing:
Appears in 1 contract
Samples: Agreement (Radian Group Inc)
Establishment of Trust. The Company may establish has established an irrevocable trust fund pursuant to a trust agreement to hold assets to satisfy any of its obligations hereunderunder certain employee benefit plans and shall use such trust, in the event of a Change of Control or in the event that a Change of Control is imminent, as defined in that trust, to satisfy its obligations under this Agreement. Funding of such trust fund shall be subject to the Company's discretion, as set forth in terms of the agreement pursuant to which the fund will be trust was established.
Appears in 1 contract