Separate trust agreement Clause Samples
A Separate Trust Agreement clause establishes that certain assets or property related to the contract will be held in a distinct trust, managed independently from other assets. In practice, this means that funds or property—such as escrowed payments or intellectual property—are placed under the control of a trustee who administers them according to the terms set out in the trust agreement, rather than being held directly by either party. This arrangement ensures that the assets are protected from claims by third parties or from being commingled with other assets, thereby providing security and clarity regarding ownership and use during the course of the agreement.
Separate trust agreement. The Trustee’s investment powers are determined under a separate trust document which replaces (or is adopted in conjunction with) the trust provisions under the BPD. [Note: The separate trust document is incorporated as part of this Plan and must be attached hereto. The responsibilities, rights and powers of the Trustee are those specified in the separate trust agreement. If this c. is checked, the Trustee need not sign or date this Trustee Declaration under #81 above.]
Separate trust agreement. The Trustee’s investment powers are determined under a separate trust document which replaces (or is adopted in conjunction with) the trust provisions under the BPD. [Note: The separate trust document is incorporated as part of this Plan and must be attached hereto. The responsibilities, rights and powers of the Trustee are those specified in the separate trust agreement. If this c. is checked, the Trustee need not sign or date this Trustee Declaration under #81 above.] Ó 2002 þ Check this selection and complete the remainder of this page if an Employer (other than the Employer that signs the Signature Page above) will participate under this Plan as a Co-Sponsor. [Note: See Article 21 of the BPD for rules relating to the adoption of the Plan by a Co-Sponsor. If there is more than one Co-Sponsor, each one should execute a separate Co-Sponsor Adoption Page. Any reference to the “Employer” in this Agreement is also a reference to the Co-Sponsor, unless otherwise noted.] 84. Name of Co-Sponsor: CheckFreePay Corporation
Separate trust agreement. The Employer shall establish a Trust pursuant to which the Trustee shall hold, invest, administer and distribute the Trust Fund and the income therefrom, in accordance with the provisions of the separate Trust Agreement between the Employer and the Trustee. The Trust Agreement constitutes a part of the Plan, and its terms are incorporated into the Plan. The Plan constitutes a part of the Trust Agreement, and its terms are incorporated into the Trust Agreement.
Separate trust agreement. The Trustee's investment powers are determined under a separate trust document which replaces (or is adopted in conjunction with) the trust provisions under the BPD. [NOTE: The separate trust document is incorporated as part of this Plan and must be attached hereto. The responsibilities, rights and powers of the Trustee are those specified in the separate trust agreement. If this c. is checked, the Trustee need not sign or date this Trustee Declaration under #81 above.] ? 2001 SunTrust Bank [X] CHECK THIS SELECTION AND COMPLETE THE REMAINDER OF THIS PAGE IF A RELATED EMPLOYER WILL EXECUTE THIS PLAN AS A COSPONSOR. [NOTE: Only a Related Employer (as defined in Section 22.164 of the BPD) that executes this Co-Sponsor Adoption Page may adopt the Plan as a Co-Sponsor. See Article 21 of the BPD for rules relating to the adoption of the Plan by a CoSponsor. If there is more than one Co-Sponsor, each one should execute a separate Co-Sponsor Adoption Page. Any reference to the "Employer" in this Agreement is also a reference to the Co-Sponsor, unless otherwise noted.]
Separate trust agreement. The Trustee’s investment powers are determined under the Limited Scope Audit Directed Trustee Trust Agreement. [