Common use of REPLACEMENT TRUSTEE Clause in Contracts

REPLACEMENT TRUSTEE. 10 If the Trustee is unable to perform its duties or does not wish to perform its duties, the Company is entitled to appoint another trustee and in such event the Trustee shall transfer the options it is holding to the other trustee and the replacement trustee shall replace the Trustee for all intents and purposes.

Appears in 3 contracts

Sources: Agreement for the Allotment of Share Options and Trust Agreement (Clickservice Software LTD), Agreement for the Allotment of Share Options and Trust Agreement (Clickservice Software LTD), Agreement for the Allotment of Share Options and Trust Agreement (Clickservice Software LTD)

REPLACEMENT TRUSTEE. 10 If the Trustee is unable to perform its duties or does not wish to perform its duties, the Company is entitled to appoint another trustee and in such event the Trustee shall transfer the options it is holding to the other trustee and the replacement trustee shall replace the Trustee for all intents and purposes.

Appears in 2 contracts

Sources: Agreement for the Allotment of Share Options and Trust Agreement (Clickservice Software LTD), Agreement for the Allotment of Share Options and Trust Agreement (Clickservice Software LTD)

REPLACEMENT TRUSTEE. 10 If the Trustee is unable to perform its duties or does not wish to perform its duties, the Company is entitled to appoint another a replacement trustee and in such event the Trustee shall transfer the options it is holding to the other replacement trustee and the replacement trustee shall replace the Trustee for all intents and purposes.

Appears in 1 contract

Sources: Agreement for the Allotment of Options Giving Entitlement to Shares and Trust Agreement (Clickservice Software LTD)