Compensation of Trustee and its Professionals. (a) The Trustee (and any co-trustee that may be appointed pursuant to Section 4.5 above) shall be entitled to reasonable compensation from the Trust Assets for services rendered and expenses incurred in fulfilling its duties pursuant to this Trust Agreement. The Trustee’s compensation will be as negotiated and agreed to between the Trustee and the Trust Committee and will be paid without any further order of the Bankruptcy Court. The Trustee shall be entitled to the reimbursement of the Trustee’s reasonable and necessary expenses incurred while carrying out its duties as Trustee. The compensation for any subsequent trustee or co-trustee will be as negotiated and agreed to with the Trust Committee.
Compensation of Trustee and its Professionals. (a) The initial Trustee shall be entitled to receive reasonable compensation in connection with the performance of its duties as set forth in Exhibit A hereto, plus the reimbursement of reasonable out-of-pocket expenses. Any successor to the Trustee shall also be entitled to reasonable compensation in connection with the performance of its duties, which compensation shall be approved by the Trust Oversight Board, plus the reimbursement of reasonable out-of-pocket expenses.
Compensation of Trustee and its Professionals. (a) The initial Trustee shall be entitled to compensation in connection with the performance of its duties as set forth in Schedule B hereto, plus the reimbursement of reasonable out-of-pocket expenses. Any successor to the Trustee shall also be entitled to reasonable compensation in connection with the performance of its duties as approved by the Oversight Committee, which compensation may be different from the terms provided in Schedule B, plus the reimbursement of reasonable out-of-pocket expenses.
Compensation of Trustee and its Professionals. (a) The Trust Advisory Board shall negotiate with and authorize the payment of reasonable compensation from the Trust Assets to the Trustee (and to any co-trustee that may be appointed pursuant to Section 7.5 above) for services rendered and expenses incurred in fulfilling its duties pursuant to this Trust Agreement. For the first six full months following the month in which the Effective Date occurs, the Trustee shall receive compensation of $8,333 per month. The fee payable for the month in which the Effective Date occurs shall be payable on the first day of the month following the Effective Date, and shall be prorated based on a $8,333 monthly fee and calculated for the actual number of days during the month that the Trustee has served. In all other cases, the fee will be payable on the first Business Day of the month (being the first day on which banking institutions in the State of New York are not authorized or required by law or regulation to be closed) following the month for which service has been rendered. Six months following the Effective Date, and annually thereafter, the Trust Advisory Board members and the Trustee shall negotiate the amount and payment terms of the compensation to the Trustee for the following one-year period. If no agreement is reached, the parties may seek the determination of the Bankruptcy Court as to reasonable compensation. The compensation and reimbursement of expenses of the Trustee shall be paid out of Trust Assets.
Compensation of Trustee and its Professionals. (a) The Trustee shall not receive any compensation for services rendered in fulfilling its duties pursuant to this Agreement; however, the Trustee shall be entitled to be reimbursed for all reasonable out-of-pocket costs and expenses incurred by it in connection with the performance of such services. The reimbursement of expenses of the Trustee shall be paid only out of the Trust Assets.
