Common use of Appointment of Successor Clause in Contracts

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 21 contracts

Samples: Trust Agreement (PNC Financial Services Group, Inc.), Trust Agreement (Acushnet Holdings Corp.), Agreement (Fresh Choice Inc)

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Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 8 contracts

Samples: Trust Agreement (Rockwell Collins Inc), Rabbi Trust Agreement (La Quinta Properties Inc), Separation Agreement (Railamerica Inc /De)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trusteetrustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee trustee to evidence the transfer.

Appears in 8 contracts

Samples: Agreement (TJX Companies Inc /De/), Agreement (NYSE Group, Inc.), Agreement (Boston Scientific Corp)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 7 contracts

Samples: Hubbell Incorporated (Hubbell Inc), Trust Agreement (Noble Energy Inc), Executive Deferred Compensation Agreement (Pemco Aviation Group Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a), (b) or (bc) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 6 contracts

Samples: Trust Agreement (Zions Bancorporation, National Association /Ut/), Trust Agreement (Zions Bancorporation /Ut/), Trust Agreement (Lsi Industries Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a9(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 6 contracts

Samples: Separation Agreement and Release of Claims (Sirius Xm Radio Inc.), Ch2m Hill Companies LTD, Ch2m Hill Companies LTD

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a11(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 5 contracts

Samples: Compensation Plan Trust Agreement Deferred Compensation (Robinson Nugent Inc), Tidewater Inc, Contran Corp

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a13 (a) or (b) hereof, the Company may shall appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon such resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 5 contracts

Samples: Trust Agreement (DNB Financial Corp /Pa/), Trust Agreement (DNB Financial Corp /Pa/), Trust Agreement (DNB Financial Corp /Pa/)

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company the Corporation may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company the Corporation or the successor Trustee to evidence the transfer.

Appears in 5 contracts

Samples: Rabbi Trust Agreement (Peoples Bancorp Inc), Agreement (Nl Industries Inc), Agreement (Nl Industries Inc)

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a) or (b) 12 hereof, the Company may appoint appoint, subject to Section 12, any third party, such as a bank trust department or other third party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trusteesuccessor trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 4 contracts

Samples: Grantor Trust Agreement (Alcoa Corp), Corporation Grantor Trust Agreement (Alcoa Corp), Grantor Trust Agreement (Lci Industries)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 3 contracts

Samples: Matrix Bancorp Inc, Matrix Bancorp Inc, Gemstar International Group LTD

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company Trustee may appoint any third party, such as including but not limited to a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument instruments necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 3 contracts

Samples: Trust Agreement (Homeside International Inc), Trust Under (Homeside Lending Inc), Trust Under (Homeside International Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 3 contracts

Samples: Grantor Trust Agreement (Atc Healthcare Inc /De/), Trust Agreement (Altavista Co), Agreement (Altavista Co)

Appointment of Successor. (a1) If the Trustee resigns or is removed in accordance with Section 10(a10(1) or (b2) hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 3 contracts

Samples: Trust Under (Harris & Harris Group Inc /Ny/), Trust Under Harris (Harris & Harris Group Inc /Ny/), Compensation Agreement (Harris & Harris Group Inc /Ny/)

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof), the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 3 contracts

Samples: Directors Retirement Plan Trust Agreement (Met Pro Corp), Met Pro Corp, Met Pro Corp

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereofb)hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 3 contracts

Samples: Marshall & Ilsley Corp/Wi/, Marshall & Ilsley Corp/Wi/, Marshall & Ilsley Corp/Wi/

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof12, the Company may appoint appoint, subject to Section 12, any third partyparty that is not an affiliate of the Company, such as a bank trust department or other party that may be granted corporate trustee powers under state lawlaw with a market capitalization exceeding $100,000,000, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who successor Trustee shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assetsTrust. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 2 contracts

Samples: Grantor Trust Agreement (Oshkosh Corp), Grantor Trust Agreement (Oshkosh Corp)

Appointment of Successor. (a) 11.1 If the Trustee resigns or is removed in accordance with Section 10(a) or (b) 10.1 hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 2 contracts

Samples: Compensation Trust Agreement (Harrahs Entertainment Inc), Trust Agreement (SCG Holding Corp)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section section 10(a) or (b) hereof, Company may appoint any third party, such as a bank trust Trust department or other party that may be granted corporate trustee Trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 2 contracts

Samples: Trust Agreement (Commerce Bancshares Inc /Mo/), Trust Agreement (Commerce Bancshares Inc /Mo/)

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a13(a) or (b) hereof, the Company may shall appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon such resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 2 contracts

Samples: Rabbi Trust Agreement (Levi Strauss & Co), Rabbi Trust Agreement (Levi Strauss & Co)

Appointment of Successor. (a) If Trustee resigns or is removed prior to a Change in accordance with Section 10(a) or (b) hereofControl, as defined in the Agreement, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Agreement (Urs Corp /New/), Supplemental Executive Retirement Agreement (Urs Corp /New/)

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a) or (b) 11 hereof, the Company may appoint appoint, subject to Section 11, any third party, such as a bank trust department or other third party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trusteesuccessor trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 2 contracts

Samples: Grantor Trust Agreement (Darden Restaurants Inc), Compensation Plan Trust Agreement (Darden Restaurants Inc)

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a12 (a) or (b) hereof, the Company may shall appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon such resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 2 contracts

Samples: Rabbi Trust Agreement (Dole Food Co Inc), Rabbi Trust Agreement (Dole Food Co Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall will be effective when accepted in writing by the new Trustee, who shall will have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall will execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 2 contracts

Samples: Rabbi Trust Agreement (LNB Bancorp Inc), Rabbi Trust Agreement (Kinder Morgan Holdco LLC)

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a11(a) or (b) hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 2 contracts

Samples: Trust Agreement (One Price Clothing Stores Inc), One Price Clothing Stores Inc

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a9(a) or (b) hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 2 contracts

Samples: Agreement (Millennium Chemicals Inc), Agreement (Millennium Chemicals Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) 10 or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 2 contracts

Samples: Compensation Agreement (Contran Corp), Compensation Agreement (Contran Corp)

Appointment of Successor. (a) 11.1 If the Trustee resigns or is removed in accordance with Section 10(a) Sections 10.1 or (b) hereof10.2 above, the Company may appoint any third party, such as party which is a bank trust department or other party entity that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 2 contracts

Samples: Trust Agreement (Belden Inc), Trust Agreement (Belden Inc)

Appointment of Successor. (a) 11.1 If the Trustee resigns or is removed in accordance with Section 10(a) 10.1 or (b) Section 10.2 hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (CAESARS ENTERTAINMENT Corp)

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section section 10(a) or (b) hereof, Company may the Bank shall appoint any third party, such as a bank trust department department, or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, trustee who shall have all of the rights and powers of the former Trusteetrustee, including ownership rights in the Trust assets. The former Trustee trustee shall execute any instrument necessary or reasonably requested by Company the Bank or the successor Trustee trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (Port Financial Corp)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a9(a) or (b) hereofb)hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Under (Ch2m Hill Companies LTD)

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a), (b) or (bd) hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the 2005 Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Agreement (Ensco International Inc)

Appointment of Successor. (a) 11.1 If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereofremoved, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets, unless provided otherwise in the agreement with the successor Trustee. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Non Qualified Deferred Compensation Plan (Gentex Corp)

Appointment of Successor. (a) If the Trustee resigns (or is removed removed) in accordance with Section 10(a11(a) or (b) hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (Westway Group, Inc.)

Appointment of Successor. (a) 11.1 If the Trustee resigns or is removed in accordance with Section 10(a) 10.1 or (b) 10.2 hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (Tenet Healthcare Corp)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under the state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, trustee who shall have all of the rights and powers of the former Trusteetrustee, including ownership rights in the Trust assets. The former Trustee trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (CDRJ Investments Lux S A)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (Genuine Parts Co)

Appointment of Successor. (a) If the Trustee resigns (or is removed removed) in accordance with Section 10(a) or (b) hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Adoption Agreement (Washington Trust Bancorp Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company Bank may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company Bank or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (St Paul Bancorp Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Compensation and Equity Incentive Plan Trust (Stanley, Inc.)

Appointment of Successor. (a) If Trustee resigns (or is removed removed) in accordance with Section 10(a10 (a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Gleason Corp /De/

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) 10 hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (National Golf Properties Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trusteetrustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Under (Miller Herman Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a11 (a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Deferred Compensation Trust (Contran Corp)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company Bank may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company Bank or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (People's United Financial, Inc.)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or 10 (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Agreement (Riviera Holdings Corp)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section Sections 10(a) or (b10(b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (Humana Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b9(a) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall shall, be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Under Agreement and Plan of Merger (Interchange Financial Services Corp /Nj/)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a9(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Agreement (United Therapeutics Corp)

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Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company may appoint any third partyqualified corporate fiduciary, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Employment Agreement (Team Inc)

Appointment of Successor. (a) Section 12.1 If Trustee resigns or is removed in accordance with Section 10(a) 11.1 or (b) 11.2 hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trusteetrustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee trustee to evidence the transfer.

Appears in 1 contract

Samples: Rabbi Trust Agreement (Brinks Co)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company may shall appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removalresignation. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Agreement (St Joe Co)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with pursuant to the provisions of Section 10(a) or (b) hereof10 hereof and selects a successor Trustee, Company Trustee may appoint any third party, party such as a bank or trust department or other party that may be granted corporate trustee powers under the state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Semco Energy Inc

Appointment of Successor. (a) 11.1 If the Trustee resigns (or is removed removed) in accordance with Section 10(a) 10.1 or (b) 10.2 hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (Hologic Inc)

Appointment of Successor. (a) 11.1 If Trustee resigns or is removed in accordance with Section 10(a) Sections 10.1 or (b) hereof10.2, Company may appoint any third party, such as a trust company, a bank trust Trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Employment Agreement (Samaritan Pharmaceuticals Inc)

Appointment of Successor. (a) 11.1 If the Trustee resigns (or is removed removed) in accordance with Section 10(a) or (b) hereofArticle X, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor of the Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (Maf Bancorp Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a10 (a) or (b) hereof, Company may must appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Interstate Power Company Irrevocable Trust Agreement (Interstate Power Co)

Appointment of Successor. (a1) If Trustee resigns or is removed in accordance with Section 10(a11(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested required by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Ivex Packaging Corp /De/

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(aI I (a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee trust powers under state law, as a successor to replace Trustee upon resignation or removaltrustee. The appointment shall be effective when accepted in writing by the new Trusteetrustee, who which shall have all of the rights and 18 powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument instruments necessary or reasonably requested by Company or the successor Trustee trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (Summit Bancorp/Nj/)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a9 (a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment of a successor shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (Remedytemp Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a11(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state or federal law, as a successor to replace Trustee upon resignation or removalTrustee. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including legal ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (Vlasic Foods International Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a13(a) or (b) hereof, Company Employer may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company Employer or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Ruby Tuesday Inc

Appointment of Successor. (a) a. If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in of the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (First Litchfield Financial Corp)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested required by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Agreement (Dallas Semiconductor Corp)

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with pursuant to the provisions of Section 10(a) or (b) X hereof, Company the Bank may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, to serve as a successor to replace Trustee upon resignation or removaltrustee hereunder. The appointment of a successor trustee shall be effective when accepted in writing by the new Trustee, who trustee. The new trustee shall have all of the rights and powers of the former Trusteetrustee, including ownership rights in the Trust assets. The former Trustee trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee trustee to evidence the transfer.

Appears in 1 contract

Samples: Plan Agreement (Centra Financial Holdings Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a9(a) or (b) hereof, Company may appoint any third party, such as a bank bank, trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trusteetrustee, who shall have all of the rights and powers of the former Trusteetrustee, including ownership rights in the Trust assets. The former Trustee trustee shall execute any instrument necessary or reasonably requested by the Company or of the successor Trustee trustee to evidence the transfer.

Appears in 1 contract

Samples: Rabbi Trust Agreement (Post Properties Inc)

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a) or (b) section 10 hereof, the Company may shall appoint any a third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon such resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former TrusteeTrustee under this Agreement, including ownership rights in the Trust trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (Harrahs Entertainment Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall shall, be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (Superior Uniform Group Inc)

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a8(a) or (b8(b) hereofabove, the Employee and the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state lawexcept either of them, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall agrees to fully cooperate in good faith and to execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (Matrixx Initiatives Inc)

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company the Trustee may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Agreement (Tenneco Inc /De)

Appointment of Successor. (a) 10.1 If the Trustee resigns or is removed in accordance with Section 10(a) Article 9.1 or (b) 9.2 hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or upon removal. The appointment shall be effective when accepted in writing by the new Trusteetrustee, who shall have all of the rights and powers of the former Trusteetrustee, including ownership rights in the Trust trust assets. The former Trustee trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee trustee to evidence the transfer.

Appears in 1 contract

Samples: Deferred Compensation Plan (Oak Ridger LLC)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, the affected Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

Appointment of Successor. (a) 11.1 If Trustee resigns (or is removed removed) in accordance with Section 10(a) Sections 10.1 or (b) 10.2 hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Nonqualified Deferred Compensation Trust (Nu Skin Enterprises Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party department, that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Trust Agreement (Bankamerica Corp/De/)

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section section 10(a) or (b) hereof, the Company may shall appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, trustee who shall have all of the rights and powers of the former Trusteetrustee, including ownership rights in the Trust assets. The former Trustee trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee trustee to evidence the transfer.

Appears in 1 contract

Samples: Ipswich Bancshares Inc

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof12, the Company may appoint appoint, subject to Section 12, any third party, such as a bank trust department or other third party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trusteesuccessor trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee trustee to evidence the transfer.

Appears in 1 contract

Samples: Compensation Plan Trust (Smart & Final Stores, Inc.)

Appointment of Successor. (a) If Trustee resigns resignes or is removed in accordance with Section 10(a11(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Petro Stopping Centers L P

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company may appoint any third party, such as a bank trust department or department, other party that may be granted corporate trustee powers under state law, or an officer of the Company as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Lexington Rabbi Trust (Lexington Realty Trust)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, the Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Indenture of Trust (Qmed Inc)

Appointment of Successor. (a) If the Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Company the Corporation may appoint any third person or any other party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in Trustee with respect to the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company the Corporation or the successor Trustee to evidence the transfer.

Appears in 1 contract

Samples: Agreement (Nl Industries Inc)

Appointment of Successor. (a) If Trustee resigns or is removed in accordance with Section 10(a11(a) or (b) hereof, . Company may appoint any third party, such as a bank trust department or other party that may be granted corporate trustee powers under state law, as a successor to replace Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by Company or the successor successor. Trustee to evidence the transfer.

Appears in 1 contract

Samples: Agreement (Packaging Dynamics Corp)

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