Common use of Successor Organizations Clause in Contracts

Successor Organizations. By designating a corporate Trustee, original or successor, hereunder, there is included in such designation and as a part thereof any other corporation possessing trust powers and authorized by law to accept the Plan and the Fund into which or with which the designated corporate Trustee, original or successor, shall be converted, consolidated or merged, and the corporation into which or with which any corporate Trustee hereunder shall be so converted, consolidated or merged shall continue to be the corporate Trustee of the Plan and the Fund.

Appears in 4 contracts

Samples: Employee Stock Ownership Plan Trust Agreement (People's Utah Bancorp), Employee Stock Ownership Plan Trust Agreement (Entegris Inc), Pension Plan Trust Agreement (Entegris Inc)

AutoNDA by SimpleDocs

Successor Organizations. By designating a corporate Trustee, original or successor, hereunder, there is included in such designation and as a part thereof any other corporation possessing trust powers and authorized by law to accept the Plan and the Fund into which or with which the designated corporate Trustee, original or successor, shall be converted, consolidated or merged, and the corporation into which or with which any corporate Trustee hereunder shall be so converted, consolidated or merged shall continue to be the corporate Trustee of the Plan and the Fund.

Appears in 1 contract

Samples: Adoption Agreement (Western Bancorp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!