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: Ch2m Hill Companies LTD, Ch2m Hill Companies LTD, Trust Under (Ch2m Hill Companies LTD)

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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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