Common use of Disposition of Income Clause in Contracts

Disposition of Income. During the term of this Trust, all income (if any) received by the Trust, net of expenses and taxes, shall be accumulated and reinvested to the maximum extent practicable in Common Stock, except that cash dividends (if any) paid to the Trust with respect to Common Stock shall be paid to Company immediately upon receipt by Trustee.

Appears in 6 contracts

Samples: Trust Agreement (Ch2m Hill Companies LTD), Trust Agreement (Ch2m Hill Companies LTD), Trust Agreement (Ch2m Hill Companies LTD)

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Disposition of Income. 1. During the term of this Trust, any and all income (if any) received by the Trust, including but not limited to dividends paid on the shares of common stock of the Company held by the Trust, net of expenses and taxes, shall be accumulated and reinvested to reinvested. 2. All income or earnings of the maximum extent practicable Trust, including dividends paid in Common Stockkind, except that cash dividends (if any) paid to the Trust with respect to Common Stock shall be paid to Company immediately upon receipt by Trusteedistributed, at the time of such distributions, in the manner provided in Section 3.b. hereof.

Appears in 1 contract

Samples: Trust Agreement (Newstar Media Inc)

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Disposition of Income. During the term of this Trust, all income (if any) received by the Trust, net of expenses and taxes, if any, shall be accumulated and reinvested to in accordance with the maximum extent practicable in Common Stockterms hereof. All cash dividends, except that cash dividends (if any) , paid to the Trust with respect to the Common Stock of the Company shall be paid to Company immediately upon receipt by Trusteereinvested in Common Stock of the Company.

Appears in 1 contract

Samples: Trust Agreement (Graco Inc)

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