Continuance of Trustee's Powers in Event of Termination of the Trust. In the event of the termination of the Trust, as provided herein, the Trustee shall dispose of the Trust Fund in accordance with the provisions hereof. Until the final distribution of the Trust Fund, the Trustee shall continue to have all powers provided hereunder as necessary or expedient for the orderly liquidation and distribution of the Trust Fund.
Appears in 4 contracts
Samples: Stock and Employee Benefit Trust Agreement (Browning Ferris Industries Inc), Employee Stock Trust Agreement (Hanover Foods Corp /Pa/), Employee Benefits Trust Agreement (Ultramar Diamond Shamrock Corp)
Continuance of Trustee's Powers in Event of Termination of the Trust. In the event of the termination of the Trust, as provided herein, the Trustee Trustees shall dispose of the Trust Fund in accordance with the provisions hereof. Until the final distribution of the Trust Fund, the Trustee Trustees shall continue to have all powers provided hereunder as necessary or expedient for the orderly liquidation and distribution of the Trust Fund.
Appears in 2 contracts
Samples: Stock Employee Compensation Trust (Questech Inc), Stock Employee Compensation Trust Agreement (Stock Employee Compensation Trust)
