Powers, Duties and Rights of the Successor Trustee. Upon its receipt of all the assets of the Trust Fund and all of the documents related thereto, the successor Trustee shall become vested with all the estate, powers, duties, rights and discretion of the Trustee under this Trust Agreement with the same effect as though the successor Trustee were originally named as Trustee hereunder.
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Samples: Trust Agreement (Cb Richard Ellis Services Inc), Trust Agreement (Hooker Funiture Corp Employee Stock Ownership Plan Trust), Employee Stock Ownership Plan (Puerto Rico Telephone Co Inc)
Powers, Duties and Rights of the Successor Trustee. Upon its receipt of all the assets of the Trust Fund and all of the documents related thereto, the successor Trustee shall trustee will become vested with all the estate, powerspower, duties, duties and rights and discretion of the Trustee under this Trust Agreement with respect to such assets with the same effect as though the successor Trustee trustee were originally named as Trustee hereunder.
Appears in 2 contracts
Samples: Voluntary Plan Trust Agreement (Talbots Inc), Trust Agreement (Mens Wearhouse Inc)
Powers, Duties and Rights of the Successor Trustee. Upon its receipt of all the assets of the Trust Fund and all of the documents related thereto, the successor Trustee shall trustee will become vested with all the estate, powers, duties, rights and discretion of the Trustee under this Trust Agreement with the same effect as though the successor Trustee trustee were originally named as Trustee hereunder.
Appears in 2 contracts
Samples: Corporation Employee Stock Ownership Trust Agreement (Parsons Corp), Trust Agreement (Parsons Corp)
Powers, Duties and Rights of the Successor Trustee. Upon its receipt of all the assets of the Trust Fund fund and all of the documents related thereto, the successor Trustee shall trustee will become vested with all the estate, powers, duties, rights and discretion of the Trustee IDS Trust under this Trust Agreement with the same effect as though the successor Trustee trustee were originally named as Trustee trustee hereunder.
Appears in 1 contract
Samples: Employees' Retirement Savings Plan Trust Agreement (Houston Industries Inc)
Powers, Duties and Rights of the Successor Trustee. Upon its receipt of all the assets of the Trust Fund and all of the documents related thereto, the successor Trustee shall will become vested with all the estate, powers, duties, rights and discretion of the Trustee under this Trust Agreement with the same effect as though the successor Trustee were originally named as Trustee hereunder.
Appears in 1 contract
