Common use of Initial Funding of Trust Clause in Contracts

Initial Funding of Trust. Concurrently with the execution of this Agreement, the Company is delivering to the Trustee the sum of One Hundred Dollars to be held in trust hereunder. Upon the earlier of the occurrence of any Change of Control or Potential Change of Control, the Company shall contribute to the Trust, in cash or other property, the amount determined under accepted actuarial principles to be necessary to fund the amounts payable to the Executive under the Employment Agreement in accordance with a Payment Schedule to be delivered to the Trustee pursuant to Section 4.1, assuming that, for purposes of such Payment Schedule, the Executive's employment with the Company had been terminated on the day following the occurrence of the Change of Control or Potential Change of Control.

Initial Funding of Trust. Concurrently with the execution of this Agreement, the Company is delivering to the Trustee the sum of One Hundred Dollars to be held in trust hereunder. Upon the earlier of the occurrence of any Change of Control or Potential Change of Control, the Company shall contribute to the Trust, in cash or other property, the amount determined under accepted actuarial principles to be necessary to fund the amounts payable to the Executive under the Employment Agreement in accordance with a Payment Schedule to be delivered to the Trustee pursuant to Section 4.1, assuming that, for purposes of such Payment Schedule, the Executive's employment with the Company Subsidiary had been terminated on the day following the occurrence of the Change of Control or Potential Change of Control.

Initial Funding of Trust. Concurrently with the execution of this Agreement, the Company is delivering to the Trustee the sum of One Hundred Dollars to be held in trust hereunder. Upon the earlier of the occurrence of any Change of Control or Potential Change of Control, the Company shall contribute to the Trust, in cash or other property, the amount determined under accepted actuarial principles to be necessary to fund the amounts payable to the Executive under the Employment Agreement in accordance with a Payment Schedule to be delivered to the Trustee pursuant to Section 4.1, assuming that, for purposes of such Payment Schedule, the Executive's Executive s employment with the Company had been terminated on the day following the occurrence of the Change of Control or Potential Change of Control.