Removal and Resignation of Trustees Sample Clauses

Removal and Resignation of Trustees. The Trustees or the --------- ----------------------------------- Shareholders (by vote of 66-2/3% of the outstanding Shares entitled to vote thereon) may remove any time any Trustee with or without cause, and any Trustee may resign at any time as Trustee, without penalty by written notice to the Trust; provided that sixty days' advance written notice shall be given in the event that there are only three or fewer Trustees at the time a notice of resignation is submitted.

Removal and Resignation of Trustees. (a) A Trustee may resign by giving written notice, a signed and acknowledged instrument, delivered to (i) ▇▇▇▇ ▇▇▇; (ii) the Guardian of ▇▇▇▇ ▇▇▇, if any; (iii) any Successor Trustee; (iv) the Grantor; and (v) the local Social Service agency. (b) The Grantor reserves the right to remove any Trustee upon three (3) days written notice and replace said Trustee with a Successor Trustee. In the event the Grantor removes but fails to replace the Trustee, then the Successor Trustee as provided for herein shall replace the Trustee.

Removal and Resignation of Trustees. (a) The Grantor reserves the right to remove a trustee upon three (3) days written notice and replace said Trustee with a Successor Trustee (other than the Grantor or Grantor's spouse). In the event the Grantor removes but fails to replace the Trustee, then the Successor Trustee as provided for herein shall replace the Trustee. No Successor Trustee, whether appointed by the Settlor or designated by another, shall have the right to invade principal and/or revoke the Trust for the benefit of the Settlor.