Common use of Establishment of Trust Clause in Contracts

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/)

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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

Samples: Employment Agreement (Bryn Mawr Bank Corp)

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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.

Appears in 1 contract

Samples: Employment Agreement (Concord Efs Inc)

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

Samples: Employment Agreement (Harris Financial Inc)

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

Samples: Employment Agreement (Concord Efs Inc)

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