Removal of Individual Trustees. Any Individual Trustee may be removed by the District Court for good cause shown on a motion by the Equity Committee (if still in existence), the Lead Class Counsel or by Class Members representing not less than a majority of the beneficial interests in the Trust. The Trust shall remain responsible for the payment of the Individual Trustee’s compensation earned, and the Individual Trustee’s reasonable expenses incurred, up to and including the date of removal.
Removal of Individual Trustees. Notwithstanding anything herein contained to the contrary, the Corporate Trustee, with the consent of the Individual Trustees other than the Trustee being removed, shall have the power from time to time to remove an Individual Trustee (with or without cause). The Settlor shall have the power to remove an Individual Trustee if any person has formally accused said Individual Trustee of gross negligence, willful misconduct, reckless indifference, or committing a crime of moral turpitude by such person filing a formal complaint with law enforcement authorities in any jurisdiction, or if an Individual Trustee has been indicted or convicted for such a crime in any jurisdiction.
