RESIGNATION, REMOVAL AND SUCCESSION OF TRUSTEE. (a) The Trustee may resign at any time by delivering to the Employer, at least thirty (30) days before its effective date, a written notice of his resignation.
RESIGNATION, REMOVAL AND SUCCESSION OF TRUSTEE. The Retirement Board of Authority may remove the Trustee, and the Trustee may resign as Trustee of the Trust, with proper notice and under time frames and criteria established through a separate administrative service agreement, or other similar agreement, between the Retirement Board of Authority and the Trustee, or absent the signing of such an agreement, at any time in the Retirement Board of Authority’s discretion with or without cause, upon sixty (60) days’ prior written notice to the other party. Upon the resignation or removal of the Trustee, the Retirement Board of Authority shall appoint a successor Trustee who shall have the same powers and duties as those conferred upon the Trustee hereunder. Upon acceptance of such appointment by the successor Trustee, the Trustee shall assign, transfer, and pay over to such successor Trustee the funds and properties then constituting the assets of the Trust. No successor Trustee shall be subject to any liability or responsibility with respect to any act or omission of any prior Trustee.
RESIGNATION, REMOVAL AND SUCCESSION OF TRUSTEE. The Trustee acting hereunder may resign at any time by giving at least ninety (90) days written notice to the Grantor. The Grantor and the Bank may jointly remove the Trustee at any time by giving at least ninety (90) days prior written notice to the Trustee. The Grantor and the Bank shall jointly appoint a successor trustee to fill any vacancy in the office of Trustee, howsoever caused, which successor trustee shall be a bank or trust company located in the continental United States. However, in the event of a Change in Control, the Grantor shall have the sole power to remove the Trustee and appoint a successor trustee pursuant to this Section. Each successor trustee shall succeed to the title to the Trust vested in its predecessor, without the signing or filing of any further instrument, but any resigning or removed trustee shall execute all documents and do any acts reasonably necessary to vest such title of record in any successor trustee. Each successor trustee shall have and enjoy all powers, both discretionary and ministerial, of its predecessor. No successor trustee shall be personally liable for any act or failure to act of any predecessor trustee; and, with the joint approval of the Grantor and Bank (or if a Change in Control has occurred, with the approval of Grantor only), a successor trustee may accept the account rendered and the property delivered to it by its predecessor trustee as a full and complete discharge of the predecessor trustee without incurring any liability or responsibility for so doing.
RESIGNATION, REMOVAL AND SUCCESSION OF TRUSTEE. The Retirement Board of Authority, on the Employer’s behalf, may remove the Trustee, and the Trustee may resign as Trustee of the Trust, at any time in the Retirement Board of Authority’s discretion with or without cause, upon not more than sixty (60) days’ prior written notice to the other party. Upon the resignation or removal of the Trustee, the Retirement Board of Authority shall appoint a successor Trustee who shall have the same powers and duties as those conferred upon the Trustee hereunder. Upon acceptance of such appointment by the successor Trustee, the Trustee shall assign, transfer, and pay over to such successor Trustee the funds and properties then constituting the assets of the Trust. No successor Trustee shall be subject to any liability or responsibility with respect to any act or omission of any prior Trustee.
RESIGNATION, REMOVAL AND SUCCESSION OF TRUSTEE. (a) The Trustee may resign at any time by delivering to the Employer, at least thirty (30) days before its effective date, a written notice of his resignation. (b) The Employer may remove the Trustee by mailing by registered or certified mail, addressed to such Trustee at his last known address, at least thirty (30) days before its effective date, a written notice of his removal. (c) Upon the death, resignation, incapacity, or removal of any Trustee, a successor may be appointed by the Employer; and such successor, upon accepting such appointment in writing and delivering same to the employer, shall, without further act, became vested with all the estate, rights, powers, discretions, and duties of his predecessor with like respect as if he were originally named as a Trustee herein. Until such a successor is appointed, the remaining Trustee or Trustees shall have full authority to act under the terms of the Plan. (d) The Employer may designate one or more successors prior to the death, resignation, incapacity, or removal of a Trustee. In the event a successor is so designated by the Employer and accepts such designation, the successor shall, without further act, become vested with all the estate, rights, powers, discretions, and duties of his predecessor with the like effect as if he were originally named as Trustee herein immediately upon the death, resignation, incapacity, or removal of his predecessor. (e) Whenever any Trustee hereunder ceases to serve as such, he shall furnish to the Employer and Administrator a written statement of account with respect to the portion of the Plan Year during which he served as Trustee. This statement shall be either (i) included as part of the annual statement of account for the Plan Year required under Section 8.7 or (ii) set forth in a special statement. Any such special statement of account should be rendered to the Employer no later than the due date of the annual statement of account for the Plan Year. The procedures set forth in Section 8.7 for the approval by the Employer of annual statements of account shall apply to any special statement of account rendered hereunder and approval by the Employer of any such special statement in the manner provided in Section 8.7 shall have the same effect upon the statement as the Employer's approval of an annual statement of account. No successor to the Trustee shall have any duty or responsibility to investigate the acts or transactions of any predecessor who has rendered all...
RESIGNATION, REMOVAL AND SUCCESSION OF TRUSTEE. The Trustee may resign at any time by giving at least sixty (60) days written notice to the Grantor and the Bank. The Grantor and the Bank may remove the Trustee at any time by giving at least sixty (60) days prior written notice to the Trustee or upon shorter notice accepted by Trustee. The Grantor and the Bank shall appoint a successor trustee to fill any vacancy in the office of Trustee, howsoever caused, which successor trustee shall be a bank or trust company (with a combined capital and surplus in excess of one hundred million dollars) located in the continental United States and independent of and not providing services to the Grantor or Bank. Each successor trustee shall succeed to the title to the Trust Fund vested in its predecessor, without the signing or filing of any further instrument, but any resigning or removed trustee shall execute all documents and do any acts necessary to vest such title of record in any successor trustee. Each successor trustee shall have and enjoy all powers, both discretionary and ministerial, of its predecessor. No successor trustee shall be liable for any act or failure to act of any predecessor trustee; and, with the approval of the Grantor and Bank, a successor trustee may accept the account rendered and the property delivered to it by its predecessor trustee as a full and complete discharge of the predecessor trustee without incurring any liability or responsibility for so doing.
RESIGNATION, REMOVAL AND SUCCESSION OF TRUSTEE. 6.1 The COMPANIES may, by resolution of the Board of Directors of MOMED HOLDING CO., remove the Trustee at any time and appoint a successor trustee, which removal and appointment shall become effective when a copy of said resolution certified by an officer of the MOMED HOLDING CO. and an acceptance of the Trust signed by the successor trustee so appointed, is delivered to the Trustee; provided, however, that the successor trustee shall be qualified under all laws, including any applicable laws and regulations pertaining to trust companies.
RESIGNATION, REMOVAL AND SUCCESSION OF TRUSTEE a. A Trustee may resign at any time by delivering to the Plan Administrator, at least sixty (60) days before its effective date, or another period of time mutually agreed to by the parties hereto, a written notice of resignation.
RESIGNATION, REMOVAL AND SUCCESSION OF TRUSTEE. Section 7.1.
RESIGNATION, REMOVAL AND SUCCESSION OF TRUSTEE
