Common use of Compensation and Reimbursement of Trustee Clause in Contracts

Compensation and Reimbursement of Trustee. The Trustee shall serve without compensation. The Trustee shall have the right to incur and pay such reasonable expenses and charges, to employ and pay such agents, attorneys, and counsel as he/it may deem necessary and proper to effectuate this Agreement. All such expenses or charges incurred by and due to the Trustee may be deducted from the dividends or other moneys or property received by him on the stock deposited hereunder. Nothing herein contained shall disqualify the Trustee or successor Trustees, or incapacitate him or them from serving the Company or any of its subsidiaries as officer or director, or in any other capacity, and in any such capacity receiving compensation.

Appears in 6 contracts

Samples: Trust Agreement (Founders Industries Inc), Trust Agreement (Global Casinos Inc), Trust Agreement (Black Mountain Holdings, Inc.)

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Compensation and Reimbursement of Trustee. The Trustee shall serve without compensation. The Trustee shall have the right to incur and pay such reasonable expenses and charges, to employ and pay such agents, . attorneys, and counsel as he/it may deem necessary and proper to effectuate this Agreement. All such expenses or charges incurred by and due to the Trustee may be deducted from the dividends or other moneys or property received by him on the stock deposited hereunder. Nothing herein contained shall disqualify the Trustee or successor Trustees, or incapacitate him or them from serving the Company or any of its subsidiaries as officer or director, or in any other capacity, and in any such capacity receiving compensation.

Appears in 1 contract

Samples: Trust Agreement (Transit Management Holding Corp)

Compensation and Reimbursement of Trustee. The Trustee shall serve without compensationcompensation hereunder. The Trustee shall have the right right, at his expense, to incur and pay such reasonable expenses and charges, charges to employ and pay such agents, attorneys, attorneys and counsel as he/it he may deem necessary and proper to effectuate for carrying this AgreementAgreement into effect. All such expenses or charges incurred by and due to In the Trustee may be deducted from the event dividends or other moneys funds or property are received by him the Trustee on the stock deposited hereunder, the Trustee may deduct such expenses and charges therefrom. Nothing herein contained shall disqualify the Trustee or successor TrusteesTrustee, or incapacitate him or them from serving the Company or any of its subsidiaries as an officer or director, or in any other capacity, and in any such capacity capacity, from receiving compensation. 10.

Appears in 1 contract

Samples: Voting Trust Agreement (Lieberman Adam)

Compensation and Reimbursement of Trustee. The Trustee shall serve without compensation. The Trustee shall have the right to incur and pay such reasonable expenses and charges, charges and to employ and pay such agents, attorneys, and counsel as he/it he may deem necessary and proper to effectuate for carrying this AgreementAgreement into effect. All Any such expenses or charges incurred by and due to the Trustee may be deducted from the dividends or other moneys monies or property received by him the Trustee on the stock deposited hereunder. Nothing herein contained shall disqualify the Trustee or successor Trustees, Trustees or incapacitate him or them from serving the Company or any of its subsidiaries as officer or director, or in any other capacity, and or from receiving compensation in any such capacity receiving compensationcapacity.

Appears in 1 contract

Samples: Voting Trust Agreement (Registry Magic Inc)

Compensation and Reimbursement of Trustee. The Trustee shall serve without compensation. The Trustee shall have the right to incur and pay such reasonable expenses and charges, to employ and pay such agents, attorneys, and counsel as he/it he may deem necessary and proper to effectuate this Agreement. All such expenses or charges incurred by and due to the Trustee may be deducted from the dividends or other moneys or property received by him on the stock deposited hereunder. Nothing herein contained shall disqualify the Trustee or any successor TrusteesTrustee, or incapacitate him or them from serving the Company or any of its subsidiaries as officer or director, or in any other capacity, and in any such capacity receiving compensation.

Appears in 1 contract

Samples: Voting Trust Agreement (Sunderland Acquisition Corp)

Compensation and Reimbursement of Trustee. The Trustee shall serve without compensation. The Trustee shall have the right to incur and pay such reasonable expenses and charges, to employ and pay such agents, attorneys, and counsel as he/it he may deem necessary and proper to effectuate this Agreement. All such expenses or charges incurred by and due to the Trustee may be deducted from the dividends or other moneys or property received by him on the stock deposited hereunder. Nothing herein contained shall disqualify the Trustee or successor Trustees, or incapacitate him or them from serving the Company or any of its subsidiaries as officer or director, or in any other capacity, and in any such capacity receiving receive compensation.

Appears in 1 contract

Samples: Voting Trust Agreement (Futureone Inc /Nv/)

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Compensation and Reimbursement of Trustee. The Trustee shall serve without compensationcompensation hereunder. The Trustee shall have the right right, at her expense, to incur and pay such reasonable expenses and charges, charges to employ and pay such agents, attorneys, attorneys and counsel as he/it she may deem necessary and proper to effectuate for carrying this AgreementAgreement into effect. All such expenses or charges incurred by and due to In the Trustee may be deducted from the event dividends or other moneys funds or property are received by him the Trustee on the stock deposited hereunder, the Trustee may deduct such expense and charges therefrom. Nothing herein contained shall disqualify the Trustee or successor TrusteesSuccessor Trustee, or incapacitate him or them from serving the Company or any of its subsidiaries as an officer or director, or in any other capacity, and in any such capacity capacity, from receiving compensation.

Appears in 1 contract

Samples: Exhibit 9 Voting Trust Agreement (Compuflight Inc)

Compensation and Reimbursement of Trustee. The Trustee shall serve without compensation. The Trustee shall have the right to incur and pay such reasonable expenses and charges, and to employ and pay such agents, attorneys, and counsel as he/it he may deem necessary and proper to effectuate this Agreement. All such expenses or charges incurred by and due to the Trustee may be deducted from the dividends or other moneys or property received by him on the stock Shares deposited hereunder. Nothing herein contained shall disqualify the Trustee or successor Trustees, or incapacitate him or them from serving the Company or any of its subsidiaries as officer or director, or in any other capacity, and in any such capacity receiving compensation.

Appears in 1 contract

Samples: Voting Trust Agreement (American Aircarriers Support Inc)

Compensation and Reimbursement of Trustee. The Trustee shall serve without compensationcompensation hereunder. The Trustee shall have the right right, at his expense, to incur and pay such reasonable expenses and charges, charges to employ and pay such agents, attorneys, attorneys and counsel as he/it he may deem necessary and proper to effectuate for carrying this AgreementAgreement into effect. All such expenses or charges incurred by and due to In the Trustee may be deducted from the event dividends or other moneys funds or property are received by him the Trustee on the stock deposited hereunder, the Trustee may deduct such expenses and charges therefrom. Nothing herein contained shall disqualify the Trustee or successor TrusteesTrustee, or incapacitate him or them from serving the Company or any of its subsidiaries as an officer or director, or in any other capacity, and in any such capacity capacity, from receiving compensation.

Appears in 1 contract

Samples: Voting Trust Agreement (Extech Corp)

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