Common use of Resignation, Removal and Appointment Clause in Contracts

Resignation, Removal and Appointment. The Trustee (or in the event two or more co-trustees are acting, any such co-trustee) may resign by giving thirty (30) days' notice of intention so to do to the Principal Sponsor or such shorter notice as the Principal Sponsor may approve. The Principal Sponsor may remove any Trustee or successor Trustee hereunder by giving such Trustee (or any co-trustee) thirty (30) days' written notice of removal by certified mail. The Principal Sponsor shall have the power to appoint one or more individual or corporate Trustees, or both, as additional or successor Trustees.

Appears in 3 contracts

Samples: Employee Stock Ownership Plan Trust Agreement (Entegris Inc), Pension Plan Trust Agreement (Entegris Inc), 401(k) Profit Sharing Plan Trust Agreement (Northstar Computer Forms Inc/Mn)

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Resignation, Removal and Appointment. The Trustee (or in the event two or more co-trustees co‑trustees are acting, any such co-trusteeco‑trustee) may resign by giving thirty ninety (3090) days' notice of intention so to do so to the Principal Sponsor or such shorter notice as the Principal Sponsor may approve. The Principal Sponsor may remove any Trustee or successor Trustee hereunder by giving such Trustee (or any co-trusteeco‑trustee) thirty (30) days' written notice of removal by certified mail. The Principal Sponsor shall have the power to appoint one or more individual or corporate TrusteesTrustee, or both, as additional or successor Trustees.Trustee. ‑37‑

Appears in 1 contract

Samples: Employee Stock Ownership Plan Trust Agreement (People's Utah Bancorp)

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