Continuation of Trust. In no event shall the legal disability, resignation or removal of a Trustee terminate the Trust, but the Board of Directors shall forthwith appoint a successor Trustee in accordance with Section 7.3 to carry out the terms of the Trust.
Appears in 2 contracts
Sources: Stock Employee Compensation Trust (Questech Inc), Stock Employee Compensation Trust Agreement (Stock Employee Compensation Trust)
Continuation of Trust. In no event shall the legal disability, resignation or removal of a Trustee terminate the Trust, but the Board of Directors Committee shall forthwith appoint a successor Trustee in accordance with Section 7.3 to carry out the terms of the Trust.
Appears in 2 contracts
Sources: Stock and Employee Benefit Trust Agreement (Browning Ferris Industries Inc), Employee Stock Trust Agreement (Hanover Foods Corp /Pa/)
Continuation of Trust. In no event shall the legal disability, resignation or removal of a Trustee terminate the Trust, but the Board of Directors Committee shall forthwith appoint a successor Trustee in accordance with Section 7.3 8.3 to carry out the terms of the Trust.
Appears in 1 contract
Continuation of Trust. In no event shall the legal disability, --------------------- resignation or removal of a Trustee terminate the Trust, but the Board of Directors Committee shall forthwith appoint a successor Trustee in accordance with Section 7.3 8.3 to carry out the terms of the Trust.
Appears in 1 contract
Sources: Employee Benefits Trust Agreement (Ultramar Diamond Shamrock Corp)