Common use of Amendment or Termination Clause in Contracts

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plans. 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 Plans, 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 Company.

Appears in 3 contracts

Sources: Trust Agreement (Homeside International Inc), Trust Agreement (Homeside International Inc), Trust Agreement (Homeside Lending Inc)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan Plans or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plans. 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 Plans, Company may terminate this Trust prior to the time all benefit benefits payments under the Plan have been made. All assets in the Trust at termination shall be returned to Company.

Appears in 2 contracts

Sources: Deferred Compensation Trust (Marshall & Ilsley Corp/Wi/), Deferred Compensation Trust Agreement (Marshall & Ilsley Corp/Wi/)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company, except as otherwise provided in this Section 13. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan Arrangements or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereofrevocable. (b) The Trust shall not terminate until the date on which Plan the Participants and their beneficiaries Beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansArrangements. Upon termination of the Trust Trust, any assets remaining in the Trust shall be returned to the Company. (c) Upon written approval of the all Participants or beneficiaries Beneficiaries entitled to payment of benefits pursuant to the terms of the PlansArrangements, the Company may terminate this Trust prior to the time all benefit payments under the Plan Arrangements have been made. All assets in the Trust at termination shall be returned to the Company.

Appears in 2 contracts

Sources: Grantor Trust Agreement (Darden Restaurants Inc), Deferred Compensation Plan Trust Agreement (Darden Restaurants 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 will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan. Upon termination of the Trust Trust, any assets remaining in the Trust shall be returned to the CompanyEmployer. (c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the PlansPlan, 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 Trust (Cna Surety Corp), Deferred Compensation Plan Trust (Cna Surety 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 will shall conflict with the terms of the Plan or shall make the Trust revocable upon or after it has become a Change in Control once the Trust is irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan. 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 PlansPlan, 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 Company.

Appears in 2 contracts

Sources: Trust Agreement (Millennium Chemicals Inc), Trust Agreement (Millennium Chemicals Inc)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan. Upon termination 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 PlansPlan, 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 Company.

Appears in 1 contract

Sources: Trust Agreement (Interchange Financial Services Corp /Nj/)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan Plan(s) or shall make the Trust revocable after it has become revocable, since the Trust is irrevocable in accordance with Section 1(bl(b) hereof. hereof (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan(s). Upon termination of the Trust any assets remaining in the Trust shall be returned to the Company. (c) Upon written approval of the Participants to participants or beneficiaries entitled to payment of benefits pursuant to the terms of the PlansPlan(s), 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 Company.

Appears in 1 contract

Sources: Trust Agreement (Maxxim Medical Inc)

Amendment or Termination. (a) This The Trust Agreement may be amended Amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan. 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 PlansPlan, 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 Company.

Appears in 1 contract

Sources: Trust Agreement (Robinson Nugent Inc)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan Plan(s) or shall make the Trust revocable after it has become since the Trust is irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan(s). 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 PlansPlan(s), 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 Company.

Appears in 1 contract

Sources: Nonqualified Deferred Compensation Plan Trust Agreement (Bei Medical Systems Co 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 will shall either conflict with the terms of the Plan Plans or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereofrevocable. (b) The Trust shall not terminate until the date on which Plan Participants and their beneficiaries are no longer Beneficiary is entitled to benefits pursuant to the terms hereof or of the Plans. Upon termination of the Trust Trust, the Trustee shall return 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 Plans, The Company may terminate this Trust prior to the time payment of all benefit payments benefits under the Plan have been made. All assets in Plans only upon written approval of the Trust at termination shall be returned Beneficiaries entitled to Companypayment of such benefits.

Appears in 1 contract

Sources: Successor Grantor Trust Agreement (Flagstar Bancorp Inc)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and CompanyEmployer. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan. Upon termination of the Trust any assets remaining in the Trust shall be returned to the CompanyEmployer. (c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the PlansPlan, Company Employer 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 CompanyEmployer.

Appears in 1 contract

Sources: Executive Deferred Compensation Plan Trust (Plexus Corp)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan Plan(s) or shall make the Trust revocable after it has become since the Trust is irrevocable in accordance with Section 1(b) hereof.: (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan(s). 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 beneficials ended to payment of benefits pursuant to the terms of the PlansPlan(s), 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 Company.

Appears in 1 contract

Sources: Merrill Lynch Nonqualified Deferred Compensation Plan Adoption Agreement (Packaging Dynamics Corp)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan. 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 PlansPlan, 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 Company.

Appears in 1 contract

Sources: Rabbi Trust Agreement (Cardinal Realty Services Inc)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and CompanyNBD. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan Plans or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereofrevocable. (b) The Trust shall not terminate until the earlier of the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlans or the date the assets of the Trust have been depleted. Upon termination of the Trust any assets remaining in the Trust shall be returned to the CompanyNBD. (c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plans, Company NBD 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 CompanyNBD.

Appears in 1 contract

Sources: Benefit Protection Trust Agreement (First Chicago NBD Corp)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan Plan(s) or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan(s). 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 PlansPlan(s), 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 Company.

Appears in 1 contract

Sources: Deferred Compensation Trust Agreement (Brady W H Co)

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 will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which the Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan. 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 PlansPlan, 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 (Picis Inc)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan Plans or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of each of the Plans. 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 each of the Plans, Company may terminate this Trust prior to the time all benefit payments under each of the Plan Plans have been made. All assets in the Trust at termination shall be returned to Company.

Appears in 1 contract

Sources: Trust Agreement (NYSE Group, Inc.)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan. 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 PlansPlan, Company may terminate this Trust prior to the time all benefit benefits payments under the Plan have been made. All assets in the Trust at termination shall be returned to Company.

Appears in 1 contract

Sources: Director Compensation Trust Agreement (Allete Inc)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and the Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(bI (b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan. Upon termination of the 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 PlansPlan, 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 (Superior Uniform Group Inc)

Amendment or Termination. (a) 13.1. This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof.2.3 (b) 13.2. The Trust shall not terminate until the date on which Plan Participants and their beneficiaries Beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan unless sooner revoked in accordance with Section 2.3. Upon termination of the Trust any assets remaining in the Trust shall be returned to the Company. (c) 13.3. Upon written approval of the Participants or beneficiaries Beneficiaries entitled to payment of benefits pursuant to the terms of the PlansPlan, 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 (Graco Inc)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan Plan(s) or shall make the Trust revocable after it has become since the Trust is irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan(s). 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 Plans, Plan(s). 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 Company.

Appears in 1 contract

Sources: Trust Agreement (Petro Stopping Centers L P)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and CompanyEmployer. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the Plans. Upon termination of the Trust any assets remaining in the Trust shall be returned to the CompanyEmployer. (c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the PlansPlan, Company Employer 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 CompanyEmployer.

Appears in 1 contract

Sources: Trust Agreement (Brady Corp)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and Companythe Employer. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The This Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan. Upon termination of the this Trust any assets remaining in the this Trust shall be returned to the CompanyEmployer. (c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the PlansPlan, Company the Employer 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 Companythe Employer.

Appears in 1 contract

Sources: Trust Agreement (Taylor Capital Group Inc)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan. 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 PlansPlan, 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 Company.

Appears in 1 contract

Sources: Trust Agreement (Guardsman Products Inc)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereofrevocable. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan. Upon termination of the Trust Trust, Company may designate any organization described in Section 501(c)(3) of the Code to receive any assets remaining in the Trust shall be returned to the CompanyTrust. (c) Upon written approval of the Participants Plan participants or beneficiaries entitled to payment of benefits pursuant to the terms of the PlansPlan, 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 Company.

Appears in 1 contract

Sources: Trust Agreement (Avery Dennison Corporation)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by the Trustee and Companythe Employer. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan. Upon termination of the this Trust any assets remaining in the this Trust shall be returned to the CompanyEmployer. (c) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the PlansPlan, Company the Employer 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 Companythe Employer.

Appears in 1 contract

Sources: Deferred Compensation Plan (Perkins Family Restaurants Lp)

Amendment or Termination. (a1) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan Plan(s), or shall make the Trust revocable after it has become since the Trust is irrevocable in accordance with Section 1(b) hereof. (b2) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan(s). Upon termination of the Trust any assets remaining in the Trust shall be returned to the Company. (c3) Upon written approval of the Participants participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plans, Plan(s). 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 Company.

Appears in 1 contract

Sources: Trust Agreement (Ivex Packaging Corp /De/)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will (or the adoption thereof) shall conflict with the terms of the Plan Deferred Compensation Agreement or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants the Deferred Compensation Agreement participant and their beneficiaries his beneficiary are no longer entitled to benefits pursuant to the terms of the Plans. Upon termination of the Trust any assets remaining in the Trust shall be returned to the CompanyDeferred Compensation Agreement. (c) Upon written approval of the Participants participant or beneficiaries beneficiary entitled to payment of benefits pursuant to the terms of the PlansDeferred Compensation Agreement, Company may terminate this Trust prior to the time all benefit payments under the Plan Deferred Compensation Agreement have been made. All assets in the Trust at termination shall be returned to Company.

Appears in 1 contract

Sources: Executive Deferred Compensation Agreement (Pemco Aviation Group Inc)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan (as certified to Trustee by Company) or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereofrevocable. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan (as certified to Trustee by Company). 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 PlansPlan, 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 Company.

Appears in 1 contract

Sources: Grantor Trust Agreement (Coastcast Corp)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan. 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 PlansPlan, 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 Company.

Appears in 1 contract

Sources: Trust Agreement (Saks Inc)

Amendment or Termination. (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment will shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof. (b) The Trust shall not terminate until the date on which Plan Participants participants and their beneficiaries are no longer entitled to benefits pursuant to the terms of the PlansPlan. 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 PlansPlan, Company may terminate this Trust prior to the time all benefit benefits payments under the Plan have been made. All assets in the Trust at termination shall be returned to Company.

Appears in 1 contract

Sources: Deferred Compensation Trust Agreement (Marshall & Ilsley Corp/Wi/)