Substitution of the Trustee. The parties acknowledge and agree that the Company is entitled to replace the Trustee and/or to nominate another person to serve as a trustee in lieu of the existing trustee if the same is no longer capable or willing to fulfill his duties and that the new trustee shall have the same powers and authority which the Plan and this Agreement grant the Trustee.
Appears in 2 contracts
Samples: Option Agreement (Pomm Inc.), Option Agreement (Pomm Inc.)
Substitution of the Trustee. The parties acknowledge and agree that the Company is entitled to replace the Trustee trustee and/or to nominate another person to serve as a trustee in lieu of the existing trustee if the same is no longer capable or willing to fulfill his duties and that the new trustee shall have the same powers and authority which the Plan and this Agreement grant the Trusteetrustee.
Appears in 1 contract
Samples: Option Agreement (M Wise Inc)
Substitution of the Trustee. The parties acknowledge and agree that the Company is entitled to replace the Trustee and/or to nominate another person to serve as a trustee Trustee in lieu of the existing trustee Trustee if the same is no longer capable or willing to fulfill his duties duties, and that the new trustee Trustee shall have the same powers and authority which the Plan and this Agreement grant the Trustee.
Appears in 1 contract
Samples: Option Agreement (Negevtech Ltd.)
Substitution of the Trustee. The parties Parties acknowledge and agree that the Company is entitled to replace the Trustee and/or to nominate another person to serve as a trustee in lieu of the existing trustee if the same is no longer capable or willing to fulfill his duties and that the new trustee shall have the same powers and authority which the Plan and this Agreement grant the Trusteetrustee, at its discretion.
Appears in 1 contract
