Common use of THE OBJECT OF THE TRUST Clause in Contracts

THE OBJECT OF THE TRUST. The object of the trust is for options to shares to be held by the Trustee for the benefit of employees of the Company whose names appear in List "1" attached to this Agreement, as may be amended from time to time by the Company by written notice to the Trustee detailing the names of the beneficiaries and next to each beneficiaries' name, the number of options which the Trustee holds or shall hold in trust for each beneficiary.

THE OBJECT OF THE TRUST. 3 The object of the trust is for options to shares to be held by the Trustee for the benefit of employees of the Company whose names appear in List "1" attached to this Agreement, as may be amended from time to time by the Company by written notice to the Trustee detailing the names of the beneficiaries and next to each beneficiaries' name, the number of options which the Trustee holds or shall hold in trust for each beneficiary.