Prior to. a Change in Control the Trustee may be removed at any time by the Company, pursuant to a resolution of the Board of Directors of the Company, upon delivery to the Trustee of a certified copy of such resolution and sixty (60) days' written notice of such removal, unless such notice period is waived in whole or in part by the Trustee. Following a Change in Control the Trustee may be removed at any time by the affirmative vote of two-thirds of the Participants voting on a per capita basis who were Participants in either of the Plans on the date of the occurrence of the Change in Control, and sixty (60) days' written notice of such removal, unless such notice period is waived in whole or in part by the Trustee.
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Sources: Retirement Income Liability Agreement (Uslife Corp)
Prior to. a Change in Control the Trustee may be removed at any time by the Company, pursuant to a resolution of the Board of Directors of the Company, upon delivery to the Trustee of a certified copy of such resolution and sixty (60) days' written notice of such removal, unless such notice period is waived in whole or in part by the Trustee. Following a Change in Control the Trustee may be removed at any time by the affirmative vote of two-thirds of the Contract Holders and Participants voting together on a per capita basis who were Contract Holders or Participants in either of the Plans on the date of the occurrence of the Change in Control, and sixty (60) days' written notice of such removal, unless such notice period is waived in whole or in part by the Trustee.
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