Common use of Final Termination Clause in Contracts

Final Termination. The Trust shall not terminate until the date on which Participants and their Beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan, and on such date the Trust shall terminate. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the Company. Such remaining assets shall be paid by the Trustee to the Company in such amounts and in the manner instructed by the Company, whereupon the Trustee shall be released and discharged from all obligations hereunder. From and after the date of termination and until final distribution of the Trust Fund, the Trustee shall continue to have all of the powers provided herein as are necessary or expedient for the orderly liquidation and distribution of the Trust Fund.

Appears in 5 contracts

Samples: Trust Agreement (J Jill Group Inc), Trust Agreement (J Jill Group Inc), Master Trust Agreement (Certified Grocers of California LTD)

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Final Termination. The Trust shall not terminate until the date on which Participants and their Beneficiaries are no longer entitled to benefits pursuant to the terms of the PlanPlans and all of the expenses of the Trust have been paid, and on such date the Trust shall terminate. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the CompanyCompany and the Subsidiaries. Such remaining assets shall be paid by the Trustee to the Company and the Subsidiaries in such amounts and in the manner instructed by the Company, whereupon the Trustee shall be released and discharged from all obligations hereunder. From and after the date of termination and until final distribution of the Trust Fund, the Trustee shall continue to have all of the powers provided herein as are necessary or expedient for the orderly liquidation and distribution of the Trust Fund.

Appears in 3 contracts

Samples: Master Trust Agreement (Haynes International Inc), Master Trust Agreement (On Assignment Inc), Master Trust Agreement (Haynes International Inc)

Final Termination. The Trust shall not terminate until the date on which Participants and their Beneficiaries are no longer entitled to any benefits pursuant to the terms of the PlanPlans, and on such date the Trust shall terminate. Upon termination of the Trust, any assets remaining in the Trust after the satisfaction of all liabilities hereunder and under the Plans shall be returned to the CompanyCompany and the Subsidiaries. Such remaining assets shall be paid by the Trustee to the Company and the Subsidiaries in such amounts and in the manner instructed by the Company, whereupon the Trustee shall be released and discharged from all obligations hereunder. From and after the date of termination and until final distribution of the Trust Fund, the Trustee shall continue to have all of the powers provided herein as are necessary or expedient for the orderly liquidation and distribution of the Trust Fund.

Appears in 2 contracts

Samples: Master Trust Agreement (Wh Holdings Cayman Islands LTD), Master Trust Agreement (Voyager Group Inc)

Final Termination. The Trust shall not terminate until the date on ------------------ which Participants and their Beneficiaries are no longer entitled to any benefits pursuant to the terms of the PlanPlans, and on such date the Trust shall terminate. Upon termination of the Trust, any assets remaining in the Trust after the satisfaction of all liabilities hereunder and under the Plans shall be returned to the Company. Such remaining assets shall be paid by the Trustee to the Company in such amounts and in the manner instructed by the Company, whereupon the Trustee shall be released and discharged from all obligations hereunder. From and after the date of termination and until final distribution of the Trust Fund, the Trustee shall continue to have all of the powers provided herein as are necessary or expedient for the orderly liquidation and distribution of the Trust Fund.

Appears in 2 contracts

Samples: Master Trust Agreement (Zero Corp), Master Trust Agreement (Zero Corp)

Final Termination. The Trust shall not terminate until the date on which Participants and their Beneficiaries are no longer entitled to benefits pursuant to the terms of the PlanPlans, and on such date the Trust shall terminate. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the CompanyCompany and the Subsidiaries. Such remaining assets shall be paid by the Trustee to the Company and the Subsidiaries in such amounts and in the manner instructed by the Company, whereupon the Trustee shall be released and discharged from all obligations hereunder. From and after the date of termination and until final distribution of the Trust Fund, the Trustee shall continue to have all of the powers provided herein as are necessary or expedient for the orderly liquidation and distribution of the Trust Fund.

Appears in 2 contracts

Samples: Master Trust Agreement (Ameristar Casinos Inc), Master Trust Agreement (Dixie Group Inc)

Final Termination. The Trust shall not terminate until the date on which Participants and their Beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan, and on such date the Trust shall terminateterminate unless sooner revoked in accordance with Section 1.3 hereof, if applicable. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the Controlling Company. Such remaining assets shall be paid by the Trustee to the Controlling Company in such amounts and in the manner instructed by the Controlling Company, whereupon the Trustee shall be released and discharged from all obligations hereunder. From and after the date of termination and until final distribution of the Trust Fund, the Trustee shall continue to have all of the powers provided herein as are necessary or expedient for the orderly liquidation and distribution of the Trust Fund.

Appears in 1 contract

Samples: Trust Agreement (Darden Restaurants Inc)

Final Termination. The Trust shall not terminate until the date on which Participants and their Beneficiaries are no longer entitled to benefits pursuant to the terms of the PlanPlans, and on such date the Trust shall terminate. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the CompanyCompany and the Affiliates. Such remaining assets shall be paid by the Trustee to the Company and the Affiliates in such amounts and in the manner instructed by the Company, whereupon the Trustee shall be released and discharged from all obligations hereunder. From and after the date of termination and until final distribution of the Trust Fund, the Trustee shall continue to have all of the powers power provided herein as are necessary or expedient for the orderly liquidation and distribution of the Trust Fund.

Appears in 1 contract

Samples: Master Trust Agreement (Charter One Financial Inc)

Final Termination. The Trust shall not terminate until the date on which Participants and their Beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan, and on such date the Trust shall terminate. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the CompanyCompany and the Affiliates. Such remaining assets shall be paid by the Trustee to the Company and the Affiliates in such amounts and in the manner instructed by the Company, whereupon the Trustee shall be released and discharged from all obligations hereunder. From and after the date of termination and until final distribution of the Trust Fund, the Trustee shall continue to have all of the powers provided herein as are necessary or expedient for the orderly liquidation and distribution of the Trust Fund.

Appears in 1 contract

Samples: Trust Agreement (Claiborne Liz Inc)

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Final Termination. The Trust shall not terminate until the date on which Participants and their Beneficiaries are no longer entitled to benefits pursuant to the terms of the PlanPlan and all of the expenses of the Trust have been paid, and on such date the Trust shall terminate. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the CompanyCompany and the Subsidiaries. Such remaining assets shall be paid by the Trustee to the Company and the Subsidiaries in such amounts and in the manner instructed by the Company, whereupon the Trustee shall be released and discharged from all obligations hereunder. From and after the date of termination and until final distribution of the Trust Fund, the Trustee shall continue to have all of the powers provided herein as are necessary or expedient for the orderly liquidation and distribution of the Trust Fund.. Deferred Compensation Plan Master Trust Agreement

Appears in 1 contract

Samples: Master Trust Agreement (Host Hotels & Resorts L.P.)

Final Termination. The Trust shall not terminate until the date on which Participants and their Beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan, and on such date the Trust shall terminate. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the Companyapplicable Company or Companies. Such remaining assets shall be paid by the Trustee to the applicable Company or Companies in such amounts and in the manner determined under Section 2.3, as instructed by the CompanySponsor, whereupon the Trustee shall be released and discharged from all obligations hereunder. From and after the date of termination and until final distribution of the Trust Fund, the Trustee shall continue to have all of the powers provided herein as are necessary or expedient for the orderly liquidation and distribution of the Trust Fund.

Appears in 1 contract

Samples: Trust Agreement (Mercantile Bankshares Corp)

Final Termination. The Trust shall will not terminate until the date on which Participants and their Beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan, and on such date the Trust shall terminatePlans. Upon termination of the Trust, any assets remaining in the Trust shall will be returned to the CompanyCompany and the Subsidiaries. Such remaining assets shall will be paid by the Trustee to the Company and the Subsidiaries in such amounts and in the manner instructed by the CompanyCommittee, whereupon the Trustee shall will be released and discharged from all obligations hereunder. From and after the date of termination and until final distribution of the Trust Fund, the Trustee shall will continue to have all of the powers provided herein as are necessary or expedient for the orderly liquidation and distribution of the Trust Fund.

Appears in 1 contract

Samples: Trust Agreement (Comdata Network, Inc. Of California)

Final Termination. The Trust shall not terminate until the date on which Participants and their Beneficiaries are no longer entitled to benefits pursuant to the terms of the PlanPlan and all of the expenses of the Trust have been paid, and on such date the Trust shall terminate. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the CompanyCompany and the Subsidiaries. Such remaining assets shall be paid by the Trustee to the Company and the Subsidiaries in such amounts and in the manner instructed by the Company, whereupon the Trustee shall be released and discharged from all obligations hereunder. From and after the date of termination and until final distribution of the Trust Fund, the Trustee shall continue to have all of the powers provided herein as are necessary or expedient for the orderly liquidation and distribution of the Trust Fund.

Appears in 1 contract

Samples: Master Trust Agreement (International Rectifier Corp /De/)

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