Common use of Resignation; Removal Clause in Contracts

Resignation; Removal. The Trustee may resign at any time by written notice to the Company, which shall be effective 60 days after receipt of such notice unless the Company and the Trustee agree otherwise. Prior to a Change in Control, the Trustee may be removed by the Company on 60 days notice or upon shorter notice accepted by the Trustee. After a Change in Control, the Trustee may be removed by a majority vote of the Participants, and if a Participant is dead, his or her Beneficiaries (who collectively shall have one vote among them and shall vote in place of such deceased Participant), on 60 days notice or upon shorter notice accepted by the Trustee.

Appears in 7 contracts

Samples: Master Trust Agreement (International Rectifier Corp /De/), Master Trust Agreement (Haynes International Inc), Master Trust Agreement (Wh Holdings Cayman Islands LTD)

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Resignation; Removal. The Trustee may resign at any time by written -------------------- notice to the Company, which shall be effective 60 days after receipt of such notice unless the Company and the Trustee agree otherwise. Prior to a Change in Control, the Trustee may be removed by the Company on 60 days notice or upon shorter notice accepted by the Trustee. After a Change in Control, the Trustee may be removed by a majority vote of the ParticipantsParticipants based Upon the dollar value of the accounts, and if a Participant is dead, his or her Beneficiaries (who collectively shall have one vote among them and shall vote in place of such deceased Participant), on 60 days notice or upon shorter notice accepted by the Trustee. Upon request in writing from any Participant, Trustee shall provide to such requesting Participant the names and addresses of all Participants and/or Beneficiaries.

Appears in 1 contract

Samples: Master Trust Agreement (Zero Corp)

Resignation; Removal. The Trustee may resign at any time by written notice to the Company, which shall be effective 60 sixty (60) days after receipt of such notice unless the Company and the Trustee agree otherwise. Prior to a Change in Control, the Trustee may be removed by the Company on 60 sixty (60) days notice or upon shorter notice accepted by the Trustee. After a Change in Control, the Trustee may be removed by a majority vote of the Participants, and if a Participant is dead, his or her Beneficiaries (who collectively shall have one vote among them and shall vote in place of such deceased Participant), on 60 days notice or upon shorter notice accepted by the Trustee.

Appears in 1 contract

Samples: Trust Agreement (Claiborne Liz Inc)

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Resignation; Removal. The Trustee may resign at any time by written notice to the Company, which shall be effective 60 days after receipt of such notice unless the Company and the Trustee agree otherwise. Prior to a Change in Control, the Trustee may be removed by the Company on 60 days notice or upon shorter notice accepted by the Trustee. After a Change in Control, the Trustee may be removed by a majority vote of the Participants, and if a Participant is dead, his or her his. Beneficiaries (who collectively shall have one vote among them and shall vote in place of such deceased Participant), on 60 days notice or upon shorter notice accepted by the Trustee.. 6.2

Appears in 1 contract

Samples: Master Trust Agreement (Dixie Group Inc)

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