Common use of FEES AND EXPENSES FROM FUND Clause in Contracts

FEES AND EXPENSES FROM FUND. In consideration for rendering services pursuant to this Trust Agreement the Trustee shall be paid fees in accordance with the Trustee’s fee schedule as in effect from time to time. Fee changes resulting in fee increases shall be effective upon not less than 30 days’ notice to the Bank. In addition, the Trustee shall be reimbursed for any reasonable expenses, including reasonable attorneys’ fees, incurred in the administration of the Trust created hereby. Fees and expenses shall be allocated to Participants’ Accounts, if any, unless paid directly by the Bank. All compensation and expenses of the Trustee shall be paid out of the Trust Fund or by the Bank as specified in the Plan. If and to the extent the Trust Fund shall not be sufficient, such compensation and expenses shall be paid by the Bank upon demand. If payment is due but not paid by the Bank, such amount shall be paid from the assets of the Trust Fund. The Trustee is hereby empowered to withdraw all such compensation and expenses which are 60 days past due from the Trust Fund, and, in furtherance thereof, liquidate any assets of the Trust Fund, without further authorization or direction from or by any person. Notwithstanding the foregoing, in the event any officer or director of the Bank serves as trustee of the Plan, no compensation shall be paid to the officer or director in exchange for his or her services as trustee.

Appears in 2 contracts

Samples: Trust Agreement (BCSB Bancorp Inc.), Trust Agreement (BCSB Bancorp Inc.)

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FEES AND EXPENSES FROM FUND. In consideration for rendering services pursuant to this Trust Agreement the Trustee shall be paid fees in accordance with the Trustee’s fee schedule as in effect from time to time. Fee changes resulting in fee increases shall be effective upon not less than 30 days’ notice to the Bank. In addition, the Trustee shall be reimbursed for any reasonable expenses, including reasonable attorneys’ fees, incurred in the administration of the Trust created hereby. Fees and expenses shall be allocated to Participants’ Accounts, if any, unless paid directly by the BankEmployer. All compensation and expenses of the Trustee shall be paid out of the Trust Fund or by the Bank Employer as specified in the Plan. If and to the extent the Trust Fund shall not be sufficient, such compensation and expenses shall be paid by the Bank Employer upon demand. If payment is due but not paid by the BankEmployer, such amount shall be paid from the assets of the Trust Fund. The Trustee is hereby empowered to withdraw all such compensation and expenses which are 60 days past due from the Trust Fund, and, in furtherance thereof, liquidate any assets of the Trust Fund, without further authorization or direction from or by any person. Notwithstanding the foregoing, in the event any officer or director of the Bank Legacy Banks serves as trustee of the Plan, no compensation shall be paid to the officer or director in exchange for his or her services as trustee.

Appears in 1 contract

Samples: Trust Agreement (Legacy Bancorp, Inc.)

FEES AND EXPENSES FROM FUND. In consideration for rendering services pursuant to this Trust Agreement Agreement, the Trustee shall be paid fees in accordance with the Trustee’s fee schedule as in effect from time to time. Fee changes resulting in fee increases shall be effective upon not less than 30 days’ notice to the BankCompany. In addition, the Trustee shall be reimbursed for any reasonable expenses, including reasonable attorneys’ feesfees and expenses, incurred in the administration of the Trust created hereby. Fees and expenses shall be allocated to Participants’ Accounts, if any, unless paid directly by the BankEmployer. All compensation and expenses of the Trustee shall be paid out of the Trust Fund or by the Bank Employer as specified in the Plan. If and to the extent the Trust Fund shall not be sufficient, such compensation and expenses shall be paid by the Bank Employer upon demand. If payment is due but not paid by the BankEmployer, such amount shall be paid from the assets of the Trust Fund. The Trustee is hereby empowered to withdraw all such compensation and expenses which are 60 days past due from the Trust Fund, and, in furtherance thereof, liquidate any assets of the Trust Fund, without further authorization or direction from or by any person. Notwithstanding the foregoing, in the event any officer or director of the First Federal Savings Bank serves as trustee of the Plan, no compensation shall be paid to the officer or director in exchange for his or her services as trustee.

Appears in 1 contract

Samples: Trust Agreement (First Advantage Bancorp)

FEES AND EXPENSES FROM FUND. In consideration for rendering services pursuant to this Trust Agreement the Trustee shall be paid fees in accordance with the Trustee’s fee schedule as in effect from time to time. Fee changes resulting in fee increases shall be effective upon not less than 30 days’ notice to the BankCompany. In addition, the Trustee shall be reimbursed for any reasonable expenses, including reasonable attorneys’ fees, incurred in the administration of the Trust created hereby. Fees and expenses shall be allocated to Participants’ Accounts, if any, unless paid directly by the BankEmployer. All compensation and expenses of the Trustee shall be paid out of the Trust Fund or by the Bank Employer as specified in the Plan. If and to the extent the Trust Fund shall not be sufficient, such compensation and expenses shall be paid by the Bank Employer upon demand. If payment is due but not paid by the BankEmployer, such amount shall be paid from the assets of the Trust Fund. The Trustee is hereby empowered to withdraw all such compensation and expenses which are 60 days past due from the Trust Fund, and, in furtherance thereof, liquidate any assets of the Trust Fund, without further authorization or direction from or by any person. Notwithstanding the foregoing, in the event any officer or director of the Chicopee Savings Bank serves as trustee of the Plan, no compensation shall be paid to the officer or director in exchange for his or her services as trustee.

Appears in 1 contract

Samples: Trust Agreement (Chicopee Bancorp, Inc.)

FEES AND EXPENSES FROM FUND. In consideration for rendering services pursuant to this Trust Agreement the Trustee shall be paid fees in accordance with the Trustee’s fee schedule as in effect from time to time. Fee changes resulting in fee increases shall be effective upon not less than 30 days’ notice to the BankCompany. In addition, the Trustee shall be reimbursed for any reasonable expenses, including reasonable attorneys’ fees, incurred in the administration of the Trust created hereby. Fees and expenses shall be allocated to Participants’ Accounts, if any, unless paid directly by the BankEmployer. All compensation and expenses of the Trustee shall be paid out of the Trust Fund or by the Bank Employer as specified in the Plan. If and to the extent the Trust Fund shall not be sufficient, such compensation and expenses shall be paid by the Bank Employer upon demand. If payment is due but not paid by the BankEmployer, such amount shall be paid from the assets of the Trust Fund. The Trustee is hereby empowered to withdraw all such compensation and expenses which are 60 days past due from the Trust Fund, and, in furtherance thereof, liquidate any assets of the Trust Fund, without further authorization or direction from or by any person. Notwithstanding the foregoing, in the event any officer or director of the Beneficial Mutual Savings Bank serves as trustee of the Plan, no compensation shall be paid to the officer or director in exchange for his or her services as trustee.

Appears in 1 contract

Samples: Trust Agreement (Beneficial Mutual Bancorp Inc)

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FEES AND EXPENSES FROM FUND. In consideration for rendering services pursuant to this Trust Agreement Agreement, the Trustee shall be paid fees in accordance with the Trustee’s fee schedule as in effect from time to time. Fee changes resulting in fee increases shall be effective upon not less than 30 days’ notice to the BankCompany. In addition, the Trustee shall be reimbursed for any reasonable expenses, including reasonable attorneys’ fees, incurred in the administration of the Trust created hereby. Fees and expenses shall be allocated to Participants’ Accounts, if any, unless paid directly by the BankEmployer. All compensation and expenses of the Trustee shall be paid out of the Trust Fund or by the Bank Employer as specified in the Plan. If and to the extent the Trust Fund shall not be sufficient, such compensation and expenses shall be paid by the Bank Employer upon demand. If payment is due but not paid by the BankEmployer, such amount shall be paid from the assets of the Trust Fund. The Trustee is hereby empowered to withdraw all such compensation and expenses which are 60 days past due from the Trust Fund, and, in furtherance thereof, liquidate any assets of the Trust Fund, without further authorization or direction from or by any person. Notwithstanding the foregoing, in the event any officer or director of the Bank First Savings Bank, F.S.B. serves as trustee of the Plan, no compensation shall be paid to the officer or director in exchange for his or her services as trustee.

Appears in 1 contract

Samples: Trust Agreement (First Savings Financial Group Inc)

FEES AND EXPENSES FROM FUND. In consideration for rendering services pursuant to this Trust Agreement Agreement, the Trustee shall be paid fees in accordance with the Trustee’s fee schedule as in effect from time to time. Fee changes resulting in fee increases shall be effective upon not less than 30 days’ notice to the Bank. In addition, the Trustee shall be reimbursed for any reasonable expenses, including reasonable attorneys’ fees, incurred in the administration of the Trust created hereby. Fees and expenses shall be allocated to Participants’ Accounts, if any, unless paid directly by the BankEmployer. All compensation and expenses of the Trustee shall be paid out of the Trust Fund or by the Bank Employer as specified in the Plan. If and to the extent the Trust Fund shall not be sufficient, such compensation and expenses shall be paid by the Bank Employer upon demand. If payment is due but not paid by the BankEmployer, such amount shall be paid from the assets of the Trust Fund. The Trustee is hereby empowered to withdraw all such compensation and expenses which are 60 days past due from the Trust Fund, and, in furtherance thereof, liquidate any assets of the Trust Fund, without further authorization or direction from or by any person. Notwithstanding the foregoing, in the event any officer or director of the Bank First Savings Bank, F.S.B. serves as trustee of the Plan, no compensation shall be paid to the officer or director in exchange for his or her services as trustee.

Appears in 1 contract

Samples: Trust Agreement (Athens Bancshares Corp)

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