Common use of Substitution of Trustees Clause in Contracts

Substitution of Trustees. In the event any new trustee is substituted ------------------------ for any Trustee pursuant to the Plan, such substitute trustee shall also be substituted as a Trustee hereunder.

Appears in 3 contracts

Samples: Management Recognition Plan and Trust Agreement (South Street Financial Corp), Management Recognition Plan and Trust Agreement (Innes Street Financial Corp), Management Recognition Plan and Trust Agreement (Scotland Bancorp Inc)

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Substitution of Trustees. In the event any new trustee is substituted ------------------------ for any Trustee pursuant to the Plan, such substitute trustee shall also be substituted as a Trustee hereunder.

Appears in 1 contract

Samples: Stock Grant Agreement (Hudson James G Jr)

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