Common use of Removal or Resignation of Trustee Clause in Contracts

Removal or Resignation of Trustee. The Trustee may be removed upon receipt of sixty (60) days’ written notice (unless a shorter or longer period is agreed upon) from the Company. The Trustee may resign as Trustee hereunder upon sixty (60) days’ written notice (unless a shorter or longer period is agreed upon) delivered to the Company. In the event of such removal or resignation, a successor trustee will be appointed and the retiring Trustee shall transfer the Trust Fund, less such amounts as may be reasonable and necessary to cover its compensation and Expenses.

Removal or Resignation of Trustee. The Employer may remove any Trustee may be removed upon receipt of at any time by sixty (60) days’ days written notice (unless a shorter or longer period is agreed upon) from to the Company. The Trustee, and any Trustee may resign as Trustee hereunder upon at any time by sixty (60) days’ days written notice (unless a shorter or longer period is agreed upon) delivered to the CompanyEmployer. In Upon the event of such removal or resignationresignation of the Trustee, the Employer shall appoint a successor trustee will Successor Trustee. The receipt by the Successor Trustee of all securities, property and money then held hereunder shall be appointed a full and complete acquittance and discharge of the retiring Trustee shall transfer the Trust Fund, less such amounts as may be reasonable and necessary to cover its compensation and Expenseswho has been removed or resigned.

Removal or Resignation of Trustee. The Board of Directors of the Company may remove the Trustee may be removed at any time upon receipt of sixty 60 days' notice in writing to the Trustee (60) days’ written or upon any shorter notice (unless a shorter or longer period is agreed upon) from consented to by the CompanyTrustee). The Trustee may resign as Trustee hereunder at any time upon sixty (60) 60 days’ written ' notice (unless a shorter or longer period is agreed upon) delivered in writing to the CompanyBoard of Directors (or upon any shorter notice consented to by the Board of Directors). In the event of Upon such removal or resignationresignation of the Trustee, the Board of Directors shall appoint a successor trustee will be appointed and trustee. Upon acceptance of such appointment by the retiring successor trustee, the Trustee shall transfer and deliver the Trust Fund, less Fund to such amounts as may be reasonable and necessary to cover its compensation and Expensessuccessor trustee.