PICO definition
Examples of PICO in a sentence
PICO will provide, included as part of the fees determined herein, the necessary human resources and related overhead support to provide the activities listed above.
Executive shall be eligible to participate in the PICO Holdings, Inc.
PICO shall ▇▇▇▇ Third Party charges such as couriers at actual cost and provide documentation for such expenses.
The former Trustee shall execute any instrument necessary or reasonably requested by PICO or the successor Trustee to evidence the transfer.
The Trust shall become irrevocable upon a Change of Control of PICO, as defined herein.
Any assets held by the Trust will be subject to the claims of the general creditors of PICO and any affiliate (to the extent of each entity’s proportionate interest in the Trust) under federal and state law in the event of Insolvency, as set forth in Section 3(a) herein.
Trustee shall keep accurate and detailed records of all investments, receipts, disbursements, and all other transactions required to be made, including such specific records as shall be agreed upon in writing between PICO and Trustee.
If PICO does not pay such costs, expenses and liabilities in a reasonably timely manner, Trustee may obtain payment from the Trust.
PICO shall pay all administrative and Trustee’s fees and approved expenses relating to the operation of the Trust.
Any rights created under the Deferral Agreements and this Trust Agreement shall be mere unsecured contractual rights of employees and their beneficiaries against PICO or any affiliate.