Termsof Trustees Clause Samples

Termsof Trustees. The term of office of each Trustee is a six-year period, ending on March 31st of thelast term year, except that (a) theterm of each Trusteewho was appointed before April 1, 2008 and is a Trusteeon March 31, 2008 is extendedbysix years from its originalexpiration date, (b) the first term of thetwo Trusteesappointedeffective April 1, 2008 is a five year period, and (c) the term of any Trustee appointed to replace a Trustee whose term has not expired will be for the remainder of the term of the Trustee being replaced. Each Trustee shall serve as Trustee until he or she shall die, become incapable of acting hereunder, resign, become disqualified for the position under applicable law, be removed for cause by the Michigan Teamsters Joint Council No. 43 (if a Union Trustee), be removed for cause by majority vote of the other Employer Trustees (if an Employer Trustee), or bereplacedas herein provided atthe expirationof his or her term, whichever occurs first. There is nolimit to thenumber of terms towhicha personmaybe re-appointed. Section3. Written Authority -- Each Trustee serving as such shall execute a written Acceptance of Trust in a form satisfactory to the Trustees and in conformity with ERISA and therebyshallbe deemed to haveacceptedthe Trustcreated, established andmaintained by this Trust Agreement, tohaveconsented to act as a Trusteeandto have agreed to administerthe Trust andeach Benefit ▇▇▇▇▇▇ provided in thisTrust Agreement.