Common use of Substitution of the Trustee Clause in Contracts

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.

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.

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.

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.