Common use of Merger of Trusts or Transfer of Assets Clause in Contracts

Merger of Trusts or Transfer of Assets. In addition to the powers of the Committee pursuant to Sections 12.2 and 12.3 to transfer Trust assets to another trust, subject to the restrictions of Section 7.1, the Committee acting in a fiduciary capacity may merge or accept transfers of assets from other trusts – including, without limitation, trusts maintained by Chrysler, Ford, and GM – into the Trust, provided that the assets attributable to the each Plan are separately accounted for in the respective Separate Retiree Account.

Appears in 3 contracts

Samples: Retiree Medical Benefits Trust, Warrant Agreement (General Motors Co), Settlement Agreement

AutoNDA by SimpleDocs

Merger of Trusts or Transfer of Assets. In addition to the powers of the Committee pursuant to Sections 12.2 and 12.3 to transfer Trust assets to another trust, subject to the restrictions of Section 7.1, the Committee acting in a fiduciary capacity may merge or accept transfers of assets from other trusts including, without limitation, trusts maintained by Chrysler, Ford, and GM into the Trust, provided that the assets attributable to the each Plan are separately accounted for in the respective Separate Retiree Account.

Appears in 1 contract

Samples: Settlement Agreement (General Motors Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.