CDCT definition

CDCT means the Contran Amended and Restated Deferred Compensation Trust, an irrevocable “rabbi trust” established by Contran to assist it in meeting certain deferred compensation obligations that it owes to Harold C. Simmons.
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CDCT means Chris Doyle Care Training.
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Examples of CDCT in a sentence

  • The CDCT may at any time following the occurrence and during the continuation of a Payout Event cause any or all of the New Shares to be transferred of record into the name of the CDCT or its nominee and exercise any and all rights of a secured party holding a security interest in the New Shares under the uniform commercial code.

  • VHC warrants that the New Shares, when delivered to the CDCT will be free and clear of all liens, claims and encumbrances whatsoever, except for such liens, claims and encumbrances on the New Shares created by this Agreement.

  • Contran agrees to indemnify VGI against any loss or incremental cost resulting from the pledge of the Shares to the CDCT under this Agreement or the transfer of the Shares to the CDCT upon a Payout Event.

  • Prior to the transfer of record of a Share to the CDCT upon a Payout Event, VGI shall retain all rights to vote the Share and receive dividends on the Share.

  • The CDCT may at any time following the occurrence and during the continuation of a Payout Event cause any or all of the Shares to be transferred of record into the name of the CDCT or its nominee and exercise any and all rights of a secured party holding a security interest in the Shares under the uniform commercial code.

  • Contran agrees to use its best efforts to deliver stock certificates representing the Old Shares to VHC shortly after the delivery of the New Shares to the CDCT.

  • Pursuant to the Deferred Compensation Agreement, Contran has an obligation to pay Simmons upon the occurrence o▇ ▇▇▇▇▇in events (a "Payout Event") the value of Simmons's deferred compensatio▇ ▇▇▇▇▇▇▇ established by the Deferred Compensation Agreement, less the value of assets concurrently distributed to him at the time by the trustee of the Amended and Restated Contran Deferred Compensation Trust No. 2 as of January 1, 2004 (the "CDCT No. 2").

  • Prior to the transfer of record of a New Share to the CDCT upon a Payout Event, VHC shall retain all rights to vote the New Share and receive dividends on the New Share.

  • VGI warrants that the Shares, when delivered to the CDCT will be free and clear of all liens, claims and encumbrances whatsoever, except for such liens, claims and encumbrances on the Shares created by this Agreement.

  • Contran agrees to indemnify VHC against any loss or incremental cost resulting from the pledge of the New Shares to the CDCT under this Agreement or the transfer of the New Shares to the CDCT upon a Payout Event.