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 and to employ and pay such agents, attorneys and counsel as he may deem necessary and proper for carrying this Agreement into effect. Any such expenses or charges incurred by the Trustee shall be promptly reimbursed by the Company. The Company shall, after making payment to the Trustee, be entitled to xxxx the holders of the Voting Trust Certificates for the amount paid to the Trustee.

Appears in 2 contracts

Samples: Voting Trust Agreement (Clark Richard W), Voting Trust Agreement (Clark Richard W)

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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 and to employ and pay such agents, attorneys and counsel as he may deem necessary and proper for carrying this Agreement into effect. Any such expenses or charges incurred by the Trustee shall be promptly reimbursed by the Company. The Company shall, after making payment to the Trustee, be entitled to xxxx bill the holders of the Voting Trust Certificates for the amount paid to the xx xhe Trustee.

Appears in 1 contract

Samples: Voting Trust Agreement (Infoamerica Inc)

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Compensation and Reimbursement of Trustee. The Trustee shall serve without compensation. The Trustee , and 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 may deem necessary and proper for carrying this Agreement into effect. Any such expenses or charges incurred by Nothing contained herein shall disqualify the Trustee shall be promptly reimbursed by or successor Trustees, or incapacitate him or them from serving the Company. The Company shallor any of its subsidiaries as officer or director, after making payment to the Trusteeor in any other capacity, be entitled to xxxx the holders of the Voting Trust Certificates for the amount paid to the Trusteeor in any such capacity receiving compensation.

Appears in 1 contract

Samples: Voting Trust Agreement (High Speed Access Corp)

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