Common use of Corporate Restructuring Clause in Contracts

Corporate Restructuring. In the event of any merger, reorganization, consolidation, recapitalization, separation, liquidation, stock dividend, extraordinary dividend, spin-off, rights offering, share combination, or other change in the corporate structure of the Company affecting its common stock, the Trustee may, in its sole discretion, cause the transfer of all or a portion of the Trust's assets to a comparable trust maintained by one or more of the resulting corporate entities or otherwise cause such changes in the Trust or its assets as it shall deem appropriate.

Appears in 4 contracts

Samples: Rabbi Trust Agreement (Tenneco Packaging Inc), Rabbi Trust Agreement (Tenneco Packaging Inc), Rabbi Trust Agreement (Tenneco Packaging Inc)

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Corporate Restructuring. In the event of any merger, reorganization, consolidation, recapitalization, separation, liquidation, stock dividend, extraordinary dividend, spin-off, rights offering, share combination, or other change in the corporate structure of the Company affecting its common stock, the Trustee Trustees may, in its sole discretion, cause the transfer of all or a portion of the Trust's ’s assets to a comparable trust maintained by one or more of the resulting corporate entities or otherwise cause such changes in the Trust or its assets as it shall deem appropriate.

Appears in 1 contract

Samples: Rabbi Trust Agreement (Pactiv Corp)

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