Common use of Termination of Trusteeship Clause in Contracts

Termination of Trusteeship. ‌ A Trustee who resigns, is removed or whose term expires without being reappointed and the personal representatives of any deceased Trustee, all as the case may be, must forthwith turn over to the Trustees any and all records, books, documents, money and other property and assets in his or her possession, forming part of the Pension Fund or incidental to his or her duties as Trustee under this Agreement or relating to the administration of the Pension Fund or the Pension Plan. In addition, any such individual shall convey, assign or transfer to the Trustees any or all rights or property of that individual in the Pension Fund, excluding any rights or property that individual has in his or her capacity as a Plan Member, and shall, if necessary, convey, assign or transfer to the Trustees any or all rights or property of that individual in the Pension Fund as the Trustees may direct. Despite the foregoing, if the Board considers it appropriate, a former Trustee may have reasonable access to any of his or her records, books or documents turned over to the Trustees as described above.

Termination of Trusteeship. ‌ A Trustee who resigns, is removed or whose term expires without being reappointed and the personal representatives of any deceased Trustee, all as the case may be, must forthwith turn over to the Trustees any and all records, books, documents, money and other property and assets in his or her possession, forming part of the Pension Fund or incidental to his or her duties as Trustee under this Agreement or relating to the administration of the Pension Fund or the Pension Plan. In addition, any such individual shall convey, assign or transfer to the Trustees any or all rights or property of that individual in the Pension Fund, excluding any rights or property that individual has in his or her capacity as a Plan Member, and shall, if necessary, convey, assign or transfer to the Trustees any or all rights or property of that individual in the Pension Fund as the Trustees may direct. Despite the foregoing, if the Board considers it appropriate, a former Trustee Trustee, or the personal representatives of any deceased former Trustee, may have reasonable access to any of his or her the former Trustee’s records, books or documents turned over to the Trustees as described above.

Termination of Trusteeship. ‌ A Trustee who resigns, is removed or whose term expires without being reappointed and the personal representatives of any deceased Trustee, all as the case may be, must forthwith turn over to the Trustees any and all records, books, documents, money and other property and assets in his or her that individual’s possession, forming part of the Pension Fund or incidental to his or her that individual’s duties as Trustee under this Agreement or relating to the administration of the Pension Fund or the Pension Plan. In addition, any such individual shall convey, assign or transfer to the Trustees any or all rights or property of that individual in the Pension Fund, excluding any rights or property that individual has in his or her that individual’s capacity as a Plan Member, and shall, if necessary, convey, assign or transfer to the Trustees any or all rights or property of that individual in the Pension Fund as the Trustees may direct. Despite the foregoing, if the Board considers it appropriate, a former Trustee may have reasonable access to any of his or her the former Trustee’s records, books or documents turned over to the Trustees as described above.

Termination of Trusteeship. ‌ A Trustee who resigns, is removed or whose term expires without being reappointed and the personal representatives of any deceased Trustee, all as the case may be, must forthwith turn over to the Trustees Board any and all records, books, documents, money and other property and assets in his or her that individual’s possession, forming part of the Pension Fund or incidental to his or her that individual’s duties as Trustee under this Joint Trust Agreement or relating to the administration of the Pension Fund or the Pension Plan. In addition, any such individual shall convey, assign or transfer to the Trustees Board any or all rights or property of that individual in the Pension Fund, excluding any rights or property that individual has in his or her that individual’s capacity as a Plan Member, and shall, if necessary, convey, assign or transfer to the Trustees Board any or all rights or property of that individual in the Pension Fund as the Trustees may direct. Despite the foregoing, if the Board considers it appropriate, a former Trustee may have reasonable access to any of his or her the former Trustee’s records, books or documents turned over to the Trustees Board as described above.