Disposition of Income. (a) Prior to a Change of Control, all income received by the Trust, net of expenses and taxes, may be returned to the Company or accumulated and reinvested within the Trust at the direction of the Company. (b) Following a Change of Control, all income received by the Trust, net of expenses and taxes, shall be accumulated and reinvested within the Trust.
Appears in 6 contracts
Samples: Grantor Trust Agreement, Grantor Trust Agreement (Certegy Inc), Grantor Trust Agreement (Certegy Inc)
Disposition of Income. (a) Prior to a Change of Control, all income received by the Trust, net of expenses and taxes, may be returned to the Company at the written direction of the Company or accumulated and reinvested within the Trust at the direction of the CompanyTrust.
(b) Following a Change of Control, all income received by the Trust, net of expenses and taxes, shall be accumulated and reinvested within the Trust.
Appears in 1 contract
Samples: Deferred Compensation Trust Agreement (Wolverine Tube Inc)
