Common use of Right of Judicial Settlement Clause in Contracts

Right of Judicial Settlement. The Trustee, the Committee, and the Employer, 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 Employer; 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 or under the Plan.

Appears in 2 contracts

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

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Right of Judicial Settlement. The Notwithstanding the provisions of Section 6.3 the Trustee, the Committee, and the Employer, 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 Employer; 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 or under the Plan.

Appears in 1 contract

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

Right of Judicial Settlement. The Notwithstanding the provisions of Section 6.3, the Trustee, the Committee, and the Employer, 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 Employer; 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 or under the Plan.

Appears in 1 contract

Samples: Trust Agreement (MTC Technologies Inc)

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Right of Judicial Settlement. The Notwithstanding the provisions of Section 6.3, the Trustee, the Committee, Plan Administrator and the EmployerCompany, 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 Employer; 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)

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