Common use of Right of Judicial Settlement Clause in Contracts

Right of Judicial Settlement. Notwithstanding the provisions of section 5.3, the Trustee, the Committee, and the Company, or any of them, shall have the right to apply at any time to a court of competent jurisdiction for the judicial settlement of the Trustee's account. In any such case, it shall be necessary to join as parties thereto only the Trustee, the Committee and the Company; and any judgment or decree which may be entered therein shall be conclusive upon all persons having or claiming to have any interest in the Trust Fund or under the Plan.

Appears in 2 contracts

Samples: Trust Agreement (Mid Coast Bancorp Inc), Trust Agreement (Warwick Community Bancorp Inc)

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Right of Judicial Settlement. Notwithstanding the provisions of section 5.3, the The Trustee, the Committee, and the CompanyEmployer, or any of them, shall have the right to apply at any time to a court of competent jurisdiction for the judicial settlement of the Trustee's ’s account. In any such case, it shall be necessary to join as parties thereto only the Trustee, the Committee and the CompanyEmployer; and any judgment or decree which may be entered therein shall be conclusive upon all persons having or claiming to have any interest in the Trust Fund or under the Plan.

Appears in 2 contracts

Samples: Rabbi Directed Trust Agreement (Five Below, Inc), Trust Agreement (United Fire Group Inc)

Right of Judicial Settlement. Notwithstanding the provisions of section 5.36.4, the Trustee, the CommitteePlan Administrator, and the CompanyEmployer, or any of them, shall have the right to apply at any time to a court of competent jurisdiction for the judicial settlement of the Trustee's account. In any such case, it shall be necessary to join as parties thereto only the Trustee, the Committee Plan Administrator and the CompanyEmployer; and any judgment or decree which may be entered therein shall be conclusive upon all persons having or claiming to have any interest in the Trust Fund or under the Plan.

Appears in 1 contract

Samples: Employee Stock Ownership Trust Agreement (United Natural Foods Inc)

Right of Judicial Settlement. Notwithstanding the provisions of section 5.3, Section 6.3 the Trustee, the Committee, and the CompanyEmployer, or any of them, shall have the right to apply at any time to a court of competent jurisdiction for the judicial settlement of the Trustee's ’s account. In any such case, it shall be necessary to join as parties thereto only the Trustee, the Committee and the CompanyEmployer; and any judgment or decree which may be entered therein shall be conclusive upon all persons having or claiming to have any interest in the Trust Fund or under the Plan.

Appears in 1 contract

Samples: Trust Agreement (Quantum Fuel Systems Technologies Worldwide Inc)

Right of Judicial Settlement. Notwithstanding the provisions of section 5.3Section 6.3, the Trustee, the Committee, and the CompanyEmployer, or any of them, shall have the right to apply at any time to a court of competent jurisdiction for the judicial settlement of the Trustee's ’s account. In any such case, it shall be necessary to join as parties thereto only the Trustee, the Committee and the CompanyEmployer; and any judgment or decree which may be entered therein shall be conclusive upon all persons having or claiming to have any interest in the Trust Fund or under the Plan.

Appears in 1 contract

Samples: Trust Agreement (MTC Technologies Inc)

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Right of Judicial Settlement. Notwithstanding the provisions of section 5.3Section 6.3, the Trustee, the Committee, Plan Administrator and the Company, or any of them, shall have the right to apply at any time to a court of competent jurisdiction for the judicial settlement of the Trustee's ’s account. In any such case, it shall be necessary to join as parties thereto only the Trustee, the Committee Plan Administrator, and the Company; , and any judgment or decree which may be entered therein shall be conclusive upon all persons having or claiming to have any interest in the Trust Fund or under the Plan.

Appears in 1 contract

Samples: Trust Agreement (New North Penn Bancorp Inc)

Right of Judicial Settlement. Notwithstanding the provisions of section 5.3, the The Trustee, the Committee, and the CompanyEmployer, or any of them, shall have the right to apply at any time to a court of competent jurisdiction for the judicial settlement of the Trustee's ’s account. In any such case, it shall be necessary to join as parties thereto only the Trustee, the Committee and the CompanyEmployer; and any judgment or decree which may be entered therein shall be conclusive upon all persons having or claiming to have any interest in the Trust Fund or under the Plan.. 6.5

Appears in 1 contract

Samples: Rabbi Directed Trust Agreement (Mercantile Bank Corp)

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