APPOINTMENT OF A TRUSTEE. I acknowledge that the Trustee has been appointed to administer my options in accordance with Section 102 of the Ordinance and the Income Tax Rules (Tax Benefits Regarding the Grant of Options to Employees), 2003 (the "Rules") and pursuant to an agreement between the Company and the Trustee that may be amended from time to time (the "Trust Agreement"). In accordance with the terms of this Option Agreement, the Company and/or the Trustee are responsible, among other things, to: (a) withhold and pay any applicable taxes owed to the tax authorities in Israel in connection with my options, including as a result of an exercise of my options and sale of the Shares by me, prior to releasing any funds owed to me, (b) provide the tax authorities in Israel with an annual report in accordance with the Rules, and (c) provide the Israeli tax authorities with a report regarding the grant of Options under the Plan, within ninety (90) days from the Grant Date in accordance with the Rules. Any fees associated with the exercise of my options as specified in the Trust Agreement will be borne solely by me. In accordance with the approval granted by the Israel tax authorities in connection with the Plan, certain of the functions related to the administration of my options may be performed by the Company.
APPOINTMENT OF A TRUSTEE. 8.1 Within five (5) Working Days of the CMA notifying Korean Air in writing that it must do so, Korean Air shall propose to the CMA for approval:
APPOINTMENT OF A TRUSTEE. 4.1 The provisions of paragraph 4.1 to 4.7 below shall apply only as long as the Parties have not satisfied, or where the CMA has reasonable grounds for believing that the Parties will not satisfy, all or any part of the obligation to divest the Divestment Business in accordance with paragraph 2 above.
APPOINTMENT OF A TRUSTEE. 3.1 Within five Working Days of the CMA notifying Bouygues and Equans in writing that they must do so, Bouygues and Equans shall propose to the CMA for approval:
APPOINTMENT OF A TRUSTEE. 4.1 The provisions of paragraph 4.2 to paragraph 4.7 below shall apply only as long as AMC has not satisfied, or where the CMA has reasonable grounds for believing that AMC will not satisfy, all or any part of the obligation to divest the Divestment Business in accordance with paragraph 2 above.
APPOINTMENT OF A TRUSTEE. The Commission may, from time to time, appoint one or more individuals to serve as Trustee hereunder. Such individuals shall acknowledge their appointment in writing.
APPOINTMENT OF A TRUSTEE. 4.1 The provisions of paragraph 4.2 to paragraph 4.7 below shall apply only as long as Dover has not satisfied, or where the CMA has reasonable grounds for believing that Xxxxx will not satisfy, all or any part of the obligation to divest the Divestment Business in accordance with paragraph 2 above.
APPOINTMENT OF A TRUSTEE. 5.1 The provisions of paragraphs 5.2 to 5.7 below shall apply only as long as Asda has not satisfied, or where the OFT has reasonable grounds for believing that Asda will not satisfy, all or any part of the obligation to divest each of the Stage One Divestment Businesses in accordance with paragraphs 2.1, 2.2, 2.3 and 2.5 above and each of the Stage Two Divestment Businesses in accordance with paragraphs 3.1, 3.2, 3.3 and 3.5 above.
APPOINTMENT OF A TRUSTEE. At the written direction of the Bondowner Representative, the parties hereto may deliver a Supplemental Pledge Agreement appointing a trustee qualified to accept and administer the trusts created thereby (the “Trustee”). Prior to the execution and delivery of any Supplemental Pledge Agreement appointing a Trustee, the Bondowner Representative, the Issuer and the Servicer shall be furnished with an opinion of Bond Counsel stating that the provisions of such Supplemental Pledge Agreement will not cause the interest on the Bonds to be includable in gross income of the Owners (other than an Owner who is a “substantial user” of the Project or a “related person” to a “substantial user,” as defined in Section 147(a) of the Code) for purposes of federal income taxation. Upon the appointment of a Trustee, this Pledge Agreement shall be deemed to be converted into a Trust Indenture, and all references to the Bondowner Representative in the Issuer Documents and the Loan Documents shall be deemed to refer to the Trustee. The Trustee shall signify its acceptance of the duties and obligations imposed upon it by this Pledge Agreement by executing the Supplemental Pledge Agreement thereto. Until the execution of a Supplemental Pledge Agreement appointing a Trustee, the parties hereto agree that there is no trustee appointed under this Pledge Agreement. In the event that there is ever deemed to be a Trustee by a court or otherwise, the Bondowner Representative shall be deemed the Trustee. In no event shall the Issuer ever be deemed to be the Trustee.
APPOINTMENT OF A TRUSTEE. 7.1 The provisions of paragraphs 7.2 to 7.7 below shall apply only as long as Turnstone Bidco has not satisfied, or in the case where the divestment of any of the Divestment Businesses has not completed due to circumstances beyond the control of Turnstone Bidco only after consulting further with Turnstone Bidco in order to agree a process to achieve the divestment of that or those remaining Divestment Businesses as a going concern to a purchaser or purchasers approved by the OFT, or the OFT has reasonable grounds for believing that Turnstone Bidco will not satisfy, all or any part of the obligation to divest each of the Divestment Businesses in accordance with paragraphs 3.1, 3.2 and 3.3 above.
