Common use of Fees, Expenses and Taxes Clause in Contracts

Fees, Expenses and Taxes. The Company shall pay the fees and expenses of the Investment Manager for its services and the fees and expenses of the trustee of the Trust for its services. All fees, commissions, and expenses resulting from transactions made in the Trust shall be paid from assets held in the Trust to the extent such assets are available, but if such assets are insufficient to pay such sums, such sums shall be paid by the Company from its other funds. Income taxes incurred by the Company as the result of transactions made in the Trust shall be paid by the Company and shall not be charged to the Trust.

Appears in 3 contracts

Samples: Employment Agreement (Trigon Healthcare Inc), Employment Agreement (Trigon Healthcare Inc), Employment Agreement (Trigon Healthcare Inc)

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Fees, Expenses and Taxes. The Company shall pay the fees and expenses of the Investment Manager for its services and the fees and expenses of the trustee of the Trust for its services. All fees, commissions, and expenses resulting from transactions made in the Trust shall be paid from assets held in the Trust to the extent such assets are available, but if such assets are insufficient to pay such sums, such sums shall be paid by the Company from its other funds. Income taxes incurred by the Company as the result of transactions made in the Trust shall be paid by the Company and shall not be charged to the Trust.. 4.6

Appears in 1 contract

Samples: Employment Agreement (Trigon Healthcare Inc)

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