Removal and Substitution of Trustee. The Company, or if a Change in Control shall previously have occurred, the members of the Incumbent Board then serving on the Board of Directors (or, if there are no members of the Incumbent Board then serving on the Board of Directors, then by affirmative vote of at least three-fourths (3/4) of the then-current Board of Directors), may at any time remove the Trustee by giving written notice thereof to the Trustee, which shall be effective sixty (60) days after receipt by the Trustee, unless the Trustee and the party removing the Trustee agree otherwise.
Appears in 4 contracts
Samples: Deferred Compensation and Benefits Trust Agreement (Sunoco Inc), Deferred Compensation and Benefits Trust Agreement (Sunoco Inc), Trust Agreement (Sunoco Inc)
Removal and Substitution of Trustee. The Company, or if a Change in ----------------------------------- Control shall previously have occurred, the members of the Incumbent Board then serving on the Board of Directors (or, if there are no members of the Incumbent Board then serving on the Board of Directors, then by affirmative vote of at least three-fourths (3/4) of the then-current Board of Directors), may at any time remove the substitute a new Trustee by giving written fifteen (15) days notice thereof to the Trustee, which shall be effective sixty (60) days after receipt by the Trustee, unless the Trustee and the party removing the Trustee agree otherwisethen acting.
Appears in 2 contracts
Samples: Sunoco Inc, Sunoco Inc