TAXES, EXPENSES AND COMPENSATION OF TRUSTEE. 5.1 The Trustee shall notify the Plan Administrator of any tax levied upon or assessed against the Trust Fund of which the Trustee has knowledge. If the Trustee receives no instructions from the Administrator, the Trustee may pay the tax from the Trust Fund. If the Plan Administrator wishes to contest the tax assessment, it shall give appropriate written instructions to the Trustee. The Trustee shall not be required to bring any legal actions or proceedings to contest the validity of any tax assessments unless the Trustee has been indemnified to its satisfaction against loss or expense related to such actions or proceedings, including reasonable attorney's fees.
TAXES, EXPENSES AND COMPENSATION OF TRUSTEE. (a) The Corporation shall pay any federal, state, local or other taxes imposed with respect to the assets or income of the Trust Fund. At the direction of the Corporation (or, following a Change of Control, at the direction of the Independent Administrator), the Trustee shall deduct any payroll or income taxes required to be withheld from any payments made to Participants or their beneficiaries from the Trust Fund.
TAXES, EXPENSES AND COMPENSATION OF TRUSTEE. (a) The Corporation shall pay any federal, state, local or other taxes imposed with respect to the assets or income of the Trust Fund. The Corporation (or, following a Change of Control, the Independent Administrator) will perform any tax calculation, withholding, reporting, and remitting to the appropriate taxing authorities of any federal, state, or local income, wage, or other taxes that may be required to be calculated, withheld, reported, or remitted with respect to any payments made to Participants or their beneficiaries from the Trust Fund. The Trustee will have no responsibility for the same, except as directed in every detail by the Corporation or the Independent Administrator, as the case may be.
TAXES, EXPENSES AND COMPENSATION OF TRUSTEE. 10.1 The Company shall pay any federal, state, local or other taxes imposed or levied with respect to the assets and/or income of this Trust or any part thereof under existing or future laws, and the Company, in its discretion, may contest the validity or amount of any tax, assessment, claim or demand respecting this Trust or any part thereof. To the extent not deducted and paid by the Company, the Trustee shall deduct and pay to the appropriate taxing authorities any payroll taxes required to be withheld with respect to any payments made pursuant to this Trust.
TAXES, EXPENSES AND COMPENSATION OF TRUSTEE. (a) It is the intention of the Company to have the corpus and income of the Trust established hereunder treated as assets and income of the Company to be used to satisfy the Company’s legal liability under the Plan in respect of all of the Executives, and the Company agrees that all income, deductions and credits of the Trust Fund belong to the Company as owner for income tax purposes and will be included on the Company’s income tax returns.
TAXES, EXPENSES AND COMPENSATION OF TRUSTEE. 9.1 The Company shall pay any Federal, state, local or other taxes imposed or levied with respect to the assets and/or income of the Trust or any part thereof under existing or future laws, and the Company, in its discretion, or the Trustee, at the direction and expense of the Company (or if the Company does not pay such expense, at the expense of the Trust), may contest the validity or amount of any tax, assessment, claim or demand respecting the Trust or any part thereof. The Trustee shall deduct any payroll and other taxes required to be withheld with respect to any payments made to Participants pursuant to the Trust.
TAXES, EXPENSES AND COMPENSATION OF TRUSTEE. 5.1 TAXES -- The Trustee shall deduct from and charge against the Trust Fund any taxes on the Trust Fund or the income thereof or which the Trustee is required to pay with respect to the interest of any person therein.
TAXES, EXPENSES AND COMPENSATION OF TRUSTEE. 11 5.1 TAXES . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 5.2
TAXES, EXPENSES AND COMPENSATION OF TRUSTEE. (a) It is the intention of the Company to have the Trust treated as an asset of the Company to be used to satisfy the Company’s legal liabilities under the Plan in respect of all of the participants. The Company agrees that all income, deductions and credits of the Trust belong to the Company as owners for income tax purposes and will be included in the Company’s income tax returns.
TAXES, EXPENSES AND COMPENSATION OF TRUSTEE. The Company shall pay any federal, state, local or other taxes imposed with respect to the assets or income of the Trust Fund. The fees and expenses of the Trustee may be revised from time to time as agreed to by the parties. A schedule of the Trustee's fees and expenses shall be agreed upon by the parties hereto. The Trustee's reasonable expenses, including but not limited to the retention of legal counsel, accountants and actuaries and such other professionals as the Trustee determines are necessary or appropriate to enable it to perform its services as Trustee, shall be charged to and payable from the Trust Fund on a monthly basis, or on such other basis as the Trustee deems reasonable, except to the extent that such fees and expenses are paid by the Company.
