Trust Mergers Clause Samples

Trust Mergers. The parties agree to grant authority to the Trustees to effect any mergers they deem appropriate. SECTION 1. The parties recognize that it is some- times inconvenient to get to the job location because of varying distances. It is agreed and understood that while traveling to and from work, the employees are not within the course and scope of their employment and the relationship of Employer-employee do not commence until the hourly wage commences.

Trust Mergers. The Employers and the Regional Council agree that the health and welfare trusts covering ▇▇▇▇▇▇▇▇▇ ▇▇- ployees in Western and Central Washington (Car- penters Health and Security Trust of Western Wash- ington), eastern Washington, Idaho, Montana, and Wyoming (Washington-Idaho Carpenters Health and Security Fund) and Oregon and Southwest Wash- ington (Oregon-Washington Carpenters-Employers Health and Welfare Trust) should be merged . To that end, the Employers and the Regional Council agree to amend the Trust Agreement for ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Health and Security Trust of Western Washington to authorize the Board of Trustees to merge the Trust with the other two trusts . Subject only to the Trustees’ determination that a merger would violate fiduciary or other obligations of ERISA, the Employers and the Regional Council authorize and request the Trustees, in their fiduciary capacity, to negotiate and implement the merger mak- ing all reasonable efforts to implement the merger by 12/31/2008 .

Trust Mergers. The parties agree to grant authority to the Trustees to effect any mergers they deem appropriate .