Common use of Transfer to Another Trustee Clause in Contracts

Transfer to Another Trustee. Upon the Executive's prior written consent, the Company may direct the Trustee to transfer the Trust Fund to a successor trustee as set forth in Section 11.1. The Trustee immediately will comply with that direction. When that transfer is completed, the Trustee will be relieved from all further obligations in connection with the Trust Fund.

Appears in 5 contracts

Samples: Executive Employment Agreement (TBC Corp), Executive Employment Agreement (TBC Corp), Executive Employment Agreement (TBC Corp)

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Transfer to Another Trustee. Upon the Executive's prior written consent, the The Company may direct the Trustee to transfer the Trust Fund to a successor trustee as set forth in Section 11.1. The Trustee immediately will comply with that direction. When that transfer is completed, the Trustee will be relieved from all further obligations in connection with the Trust Fund.

Appears in 3 contracts

Samples: Master Benefit Trust Agreement (Amcast Industrial Corp), Master Benefit Trust Agreement (Huffy Corp), Trust Agreement (Amcast Industrial Corp)

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Transfer to Another Trustee. Upon the Executive's prior written consent, the Company may direct the Trustee to transfer the Trust Fund to a successor trustee as set forth in Section 11.1. The Trustee immediately will comply with that direction. When that transfer is completed, the Trustee will be relieved from all further obligations in connection with the Trust Fund.that

Appears in 2 contracts

Samples: Trust Agreement (TBC Corp), Trust Agreement (TBC Corp)

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