Continuation of Trust. In no event shall the legal disability, resignation or removal of a Trustee terminate the Trust, but the Board of Directors shall forthwith appoint a successor Trustee in accordance with Section 7.3 to carry out the terms of the Trust.
Appears in 2 contracts
Samples: Stock Employee Compensation Trust (Questech Inc), Stock Employee Compensation Trust Agreement (Stock Employee Compensation Trust)
Continuation of Trust. In no event shall the legal disability, resignation or removal of a Trustee terminate the Trust, but the Board of Directors Committee shall forthwith appoint a successor Trustee in accordance with Section 7.3 to carry out the terms of the Trust.
Appears in 2 contracts
Samples: Employee Stock Trust Agreement (Hanover Foods Corp /Pa/), Stock and Employee Benefit Trust Agreement (Browning Ferris Industries Inc)
Continuation of Trust. In no event shall the legal disability, resignation or removal of a Trustee terminate the Trust, but the Board of Directors Committee shall forthwith appoint a successor Trustee in accordance with Section 7.3 8.3 to carry out the terms of the Trust.
Appears in 1 contract
Continuation of Trust. In no event shall the legal disability, --------------------- resignation or removal of a Trustee terminate the Trust, but the Board of Directors Committee shall forthwith appoint a successor Trustee in accordance with Section 7.3 8.3 to carry out the terms of the Trust.
Appears in 1 contract
Samples: Employee Benefits Trust Agreement (Ultramar Diamond Shamrock Corp)
