Common use of Retention of Property Acquired Clause in Contracts

Retention of Property Acquired. To accept and retain for such time as it may deem advisable any securities or other property received or acquired by it as Trustee hereunder, whether or not such securities or other property would normally be purchased as investments hereunder.

Appears in 2 contracts

Samples: Employee Stock Ownership Plan and Trust (Southwest Georgia Financial Corp), Employee Stock Ownership Plan and Trust (Southwest Georgia Financial Corp)

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Retention of Property Acquired. To accept and retain retain, for such time as it Trustee may deem advisable advisable, any securities or other property received or acquired by it Trustee, as Trustee hereunder, whether or not such securities or other property would normally be purchased as investments hereunder.

Appears in 2 contracts

Samples: 401(k) Trust Agreement (Southtrust Corp), 401(k) Trust Agreement (Southtrust Corp)

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Retention of Property Acquired. To accept and retain for such time as it the Trustees may deem advisable any securities security or other property received or acquired by it the Trustees as Trustee Trustees hereunder, whether or not such securities security or other property is productive of income or would normally be purchased as investments hereunder.

Appears in 1 contract

Samples: Trust Agreement (Astropower Inc)

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