Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable. (b) The Trust shall not terminate until the date on which the Participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the Company. (c) Upon written approval of the Participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 8 contracts
Sources: Trust Agreement (Greenbrier Companies Inc), Trust Agreement (Greenbrier Companies Inc), Trust Agreement (WEB.COM Group, Inc.)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocablerevocable after it has become irrevocable in accordance with Section 1(b) hereof.
(b) The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 4 contracts
Sources: Trust Agreement (Miller Herman Inc), Trust Agreement (NYSE Group, Inc.), Trust Agreement (Dynegy Inc.)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 2 contracts
Sources: Rabbi Trust Agreement (MSC Software Corp), Deferred Compensation Trust Agreement (Quanex Corp)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocablerevocable after it has become irrevocable in accordance with Section 2(b) hereof.
(b) The Trust shall not terminate until the date on which the Participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 2 contracts
Sources: Deferred Compensation Plan (One Price Clothing Stores Inc), Deferred Compensation Plan (One Price Clothing Stores Inc)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan Agreement or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Participants Participant and their his beneficiaries are no longer entitled to benefits pursuant to the terms of the PlanAgreement. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants Participant or beneficiaries entitled to payment of benefits pursuant to the terms of the PlanAgreement, the Company may terminate this Trust prior to the time all benefit payments under the Plan Agreement have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 2 contracts
Sources: Consulting and Separation Agreement (Janus Capital Group Inc), Separation Agreement (Janus Capital Group Inc)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
(d) Sections 1(b), 10(d), 11(b), and 12(a) of this Agreement may not be amended by Company for one year following a Change of Control, as defined herein.
Appears in 2 contracts
Sources: Grantor Trust Agreement (Globalsantafe Corp), Grantor Trust Agreement (Globalsantafe Corp)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocablerevocable in connection with a change in control.
(b) The Trust shall not terminate until the date on which the Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust Fund at termination shall be returned to the Company.
Appears in 2 contracts
Sources: Non Qualified Defined Contribution Supplemental Executive Retirement Plan Trust Agreement (Met Pro Corp), Directors Retirement Plan Trust Agreement (Met Pro Corp)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlanPlan(s) unless sooner revoked in accordance with Section 1(b) hereof. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned applied to the Company.
(c) benefits due to each Participant or Beneficiary under the Plan. Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the PlanPlan(s), the Company may terminate this Trust prior to the time all benefit payments under the Plan Plan(s) have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Sources: Trust Agreement (Fresh Choice Inc)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocablerevocable after it has become irrevocable in accordance with section 1(b) hereof.
(b) The Trust shall not terminate until the date on which the Participants Participant and their his beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants Participant or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Sources: Employment Contract (Mills Corp)
Amendment or Termination. (a) Section 12.1 This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocablerevocable after it has become irrevocable in accordance with Section 1.2 hereof.
(b) Section 12.2 The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlanPlan(s). Upon termination of the Trust, any assets remaining in the Trust shall be returned to the Company.
(c) Section 12.3 Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the PlanPlan(s), the Company may terminate this Trust prior to the time all benefit payments under the Plan Plan(s) have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall will conflict with the terms of the Plan or shall will make the Trust revocable.
(b) The Trust shall will not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall (after payment of any outstanding charges hereunder) will be returned to the Company.
Appears in 1 contract
Amendment or Termination. (a) 12.1 This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable.revocable after it has become irrevocable in accordance with Article I.
(b) 12.2 The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the Company.
(c) 12.3 Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Sources: Trust Agreement for Grantor Trust (Maf Bancorp Inc)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable.
(b) The Subject to Section 11(c), the Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Sources: Trust Agreement (Nationsbank Corp)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants participants or beneficiaries entitled to a majority of the payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocablePlan.
(b) The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants all participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Sources: Trust Agreement (Public Service Co of New Hampshire)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable.amendment
(b) The Trust shall not terminate until the date on which the Participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlanPlan (as certified to the Trustee by the Company). Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Sources: Rabbi Trust Agreement (Oil States International Inc)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall will conflict with the terms of the Plan or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Sources: Trust Agreement (Om Group Inc)
Amendment or Termination. (a) 12.1 This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan Plans or shall make the Trust revocable.
(b) 12.2 The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlanPlans. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) 12.3 Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the PlanPlans, the Company may terminate this Trust prior to the time all benefit payments under the Plan Plans have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Amendment or Termination. (a) a. This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocablerevocable after it has become irrevocable in accordance with Section 1(c) hereof.
(b) b. The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) c. Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocablerevocable after it has become irrevocable in accordance with Section 1(b) hereof.
(b) The Trust shall not terminate until the date on which the Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments to participants and their beneficiaries under the Plan have been made. All assets in the Trust at trust upon such termination shall be returned distributed to the Company.
Appears in 1 contract
Sources: Indenture of Trust (Qmed Inc)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, provided that no such amendment shall either conflict with the terms of the Plan Plan, or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Participants and their no Participant or his or her beneficiaries are no longer is entitled to benefits pursuant to the terms hereof or of the Plan. Upon termination of the Trust, the Trustee shall return any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the all Participants (or their beneficiaries if they are then entitled to payment of benefits pursuant to the terms of the Planbenefits), the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Sources: Trust Agreement (Remedytemp Inc)
Amendment or Termination. (a) 12.1 This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the a Plan or shall make the Trust revocable.
(b) 12.2 The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) 12.3 Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Sources: Trust Agreement (Microage Inc /De/)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan Plans or shall make the Trust revocablerevocable in connection with a change in control.
(b) The Trust shall not terminate until the date on which the Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlanPlans. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the PlanPlans, the Company may terminate this Trust prior to the time all benefit payments under the Plan Plans have been made. All assets in the Trust Fund at termination shall be returned to the Company.
Appears in 1 contract
Sources: Pension Restoration and Supplemental Executive Retirement Plan Trust Agreement (Met Pro Corp)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, provided that no such amendment shall either conflict with the terms of the Plan Plan, or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Participants and their no Participant or his or her beneficiaries are no longer is entitled to benefits pursuant to the terms of the Planhereof. Upon termination of the Trust, the Trustee shall return any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the all Participants (or their beneficiaries if they are then entitled to payment of benefits pursuant to the terms of the Planbenefits), the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Amendment or Termination. (a) 12.1 This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the a Plan or shall make the Trust revocable.
(b) 12.2 The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) 12.3 Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.. 9
Appears in 1 contract
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee Trustee, Bank and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the any Plan or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlanPlans. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the CompanyBank.
(c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the PlanPlans, the Company Bank may terminate this Trust prior to the time all benefit payments under the Plan Plans have been made. All assets in the Trust at termination shall be returned to the Bank or Company, as applicable.
(d) Following a Change in Control, as defined herein, this Trust Agreement may not be amended.
Appears in 1 contract
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Sources: Trust Agreement (Microage Inc /De/)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, provided that no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Plan Participants and their beneficiaries are no not longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants or beneficiaries entitled to payment distribution of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments distributions under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Sources: Trust Agreement (Netlive Communications Inc Performance Share Program Trust)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan Agreement or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Participants Employees and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlanPlans. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants Employees or beneficiaries entitled to payment of benefits pursuant to the terms of the PlanPlans, the Company may terminate this Trust prior to the time all benefit payments under the Plan Plans have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Sources: Deferred Compensation Trust Agreement (Monroe Bancorp)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan Plan(s) or shall make the Trust revocablerevocable after it has become irrevocable in accordance with section 1 (b) hereof.
(b) The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plan. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the CompanyPlan(s).
(c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the PlanPlan(s), the Company may terminate this Trust prior to the time all benefit payments under the Plan Plan(s) have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract
Sources: Rabbi Trust Agreement (1855 Bancorp)
Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable.
(b) The Trust shall not terminate until the date on which the Participants Plan participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlanPlan unless sooner revoked in accordance with Section 1(b) hereof. Upon termination of the Trust, Trust any assets remaining in the Trust shall be returned to the Company.
(c) Upon written approval of the Participants or participants and beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company.
Appears in 1 contract