Common use of Resignation of the Trustee Clause in Contracts

Resignation of the Trustee. The Trustee may resign its position at any time by giving sixty (60) days’ advance written notice to the Company, unless such notice period is waived by the Company or the Committee. If the Company fails to appoint a successor trustee within sixty (60) days of its receipt of the Trustee’s written notice of resignation, the Trustee will treat the Board of Directors of the Company as having been appointed as Trustee and as having their acceptance of the appointment as Trustee with the former Trustee. 10

Resignation of the Trustee. The Trustee may resign its position at any time resign as Trustee under the Trust Agreement by giving sixty (60) days’ advance written notice of its election so to do delivered to the CompanyOwners, unless such notice period is waived by the Company or the Committee. If the Company fails resignation to appoint a successor trustee within take effect no earlier than sixty (60) days after the date of such notice. Whenever the Trustee in its receipt discretion determines that it is in the best interest of the Trustee’s written notice Owners of resignationReceipts to do so, the it may appoint an additional Trustee will treat the Board of Directors of the Company as having been appointed as Trustee and as having their acceptance of the appointment as Trustee with the former Trustee. 10or Trustees.

Resignation of the Trustee. The Trustee may resign its position at any time by giving sixty (60) days’ advance written notice to the Company, unless such notice period is waived by the Company or the Committee. If the Company fails to appoint a successor trustee within sixty (60) days of its receipt of the Trustee’s written notice of resignation, the Trustee will treat the Board of Directors of the Company as having been appointed as Trustee and as having their acceptance of the appointment as Trustee with the former Trustee. 10.

Resignation of the Trustee. The Trustee may resign its position at any time by giving sixty (60) days’ advance delivering a written notice of resignation to the CompanyCompany and to the Agents. resignation shall take effect on the date set forth in such notice, which shall be no earlier than 60 days from the date of such delivery to the Company unless such notice period is waived a shorter time has been agreed upon in writing by the Company or Trustee and the Committee. If the Company fails to appoint Company; provided that a successor trustee within sixty (60) days of its receipt of the Trustee’s written notice of resignation, the Trustee will treat the Board of Directors of the Company as having has been appointed as Trustee and as having their acceptance of the appointment as Trustee with the former Trustee. 10pursuant to Section 5.7.2 or Section 5.7.4 hereof.