Common use of Subtrusts Clause in Contracts

Subtrusts. (a) If directed by the Committee, the Trustee shall establish a separate Subtrust for that Participant and credit the amount of such contribution to that Participant's Subtrust. Each Subtrust shall reflect an individual interest in the assets of the Trust fund and shall not require any segregation of particular assets.

Appears in 3 contracts

Samples: Plan Trust Agreement (First American Financial Corp), Compensation Plan Trust Agreement (First American Financial Corp), Ch Energy Group Inc

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Subtrusts. (a) If directed by the CommitteeAdministrator, the Trustee shall establish a separate Subtrust for that a Participant and credit the amount of such contribution to that Participant's ’s Subtrust. Each Subtrust shall reflect an individual interest in the assets of the Trust fund and shall not require any segregation of particular assets.

Appears in 1 contract

Samples: Trust Agreement (Pacific Capital Bancorp /Ca/)

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