Removal of a Trustee. Any Trustee may be removed from office at any time by a majority vote of the Board for neglect of duty or malfeasance in office. Notification of such removal and the appointment of a successor shall be by instrument in writing by the Board and delivered to all Member Entities.
Removal of a Trustee. A Trustee may be removed, at any time, by agreement of the holders of voting trust certificates representing a majority of the Shares represented by all of the voting trust certificates of the Family Group of which the Trustee is a member.
Removal of a Trustee. Each Trustee, unless due to resignation, death, incapacity, removal, or conviction of a felony or any offense for which registration is required as defined in Virginia Code § 9.1-902, shall serve and shall continue to serve as Trustee hereunder, subject to the provisions of this Agreement. A Trustee shall relinquish his or her office or may be removed by a majority vote of the Trustees then serving or ipso facto when the Employer which he/she represents is no longer a Participating Political Subdivision in the Trust Fund. Notice of removal of a Trustee shall be furnished to the other Trustees by the Chairperson of the Trustees and shall set forth the effective date of such removal. Notice of removal of the Chairperson shall be furnished to the other Trustees by the Administrator and shall set forth the effective date of such removal.
Removal of a Trustee. Subject to the Plan, the Liquidating Trust Committee may remove and replace the Trustee for cause, including, without limitation, incapacity or failure or refusal to perform his duties under the Plan, the Settlement Agreement, this Agreement and the Confirmation Order or in the event of a conflict of interest. If removal of the Trustee is sought from the Bankruptcy Court by a motion for cause (or similar motion), then the Trustee is entitled to oppose such motion and to be reimbursed his or her reasonable attorneys’ fees and expenses in connection with such objection from the Assets of the Trust if the Trustee is successful.
Removal of a Trustee. Any Trustee may be removed by the Commission. Notice of said removal shall be in writing, and shall be either mailed or delivered by hand to the Trustee and the Administrator.
Removal of a Trustee. Any Entity serving as Trustee may be removed and replaced by an order of the Bankruptcy Court. The removal shall be effective on the date specified in the order. Notwithstanding the removal of the Trustee pursuant to this Section, the rights of the resigning Trustee under this Agreement with respect to acts or omissions occurring prior to the effectiveness of such removal will continue for the benefit of such resigning Trustee following the effectiveness of such resignation.
Removal of a Trustee. Any Person serving as Trustee may be removed at any time and for any reason by the Liquidating Trust Committee or upon the determination of the Bankruptcy Court on a motion for cause shown. Any Trustee so removed is entitled to payment of reasonable fees and necessary expenses accrued prior to removal subject to the terms of this Agreement.
Removal of a Trustee. If at any time any Trustee (i) is the subject of any information, indictment, or complaint, involving the commission of or participation in a crime involving dishonesty, fraud, theft or breach of trust that is punishable by imprisonment for a term exceeding one year under applicable law, (ii) has become incapable of acting including, without limitation because such Trustee is unable to act prudently and effectively with respect to financial matters because of accident, physical or mental illness, substance abuse, injury or other similar cause, (iii) is reasonably determined to have demonstrated unworthiness or to be derelict in the performance of his or her duties under this Deed, or (iv) is on a leave of absence from CPPIB or any of its affiliates for any reason, such Trustee shall resign or, if there is more than one Trustee, such Trustee shall be removed by action taken in accordance with section 5.10, and upon such action being taken, such Trustee shall be automatically and immediately removed as a Trustee without any further steps or formalities. Any Trustee who is removed from office for the reasons described in (iv) above shall be eligible for reappointment as a Trustee upon the expiry of the leave of absence.
Removal of a Trustee. The Council may remove any Trustee for cause at any time by written notice thereof delivered to the Trustee. Upon the effective date of the removal, the removed Trustee shall be discharged from any further duty or responsibility under the Trust, and the removed Trustee shall deliver to the Chairperson (or to the Secretary, if the Chairperson is being removed) any and all property in his or her possession or control which belongs to the Plan or Trust.
Removal of a Trustee. A Trustee may be removed by a majority of the Trustees at any time by giving (60) days notice in writing to such Trustee and in such event a majority of the remaining Trustees shall appoint a new Trustee (which may be a trust company licensed to carry out the business of a trust company in Canada). After receiving such notice of removal, the terminating Trustee shall forthwith transfer the Trust Fund, together with all records, accounts, receipts and other documents in respect thereof to such new Trustee, at the time and in the manner directed by the remaining Trustees.
