Trust Funding. Immediately upon the occurrence of a Change in Control, the Company shall contribute to a grantor trust (the "Trust") to be established by the Company for the benefit of the Executive, an amount equal to the aggregate amounts which may be payable to the Executive following his Termination Date (whether payable pursuant to this Agreement or otherwise, including but not limited to pursuant to Sections 2(b)(1), (2), (4) and 3(b) of this Agreement), determined as if the date of the Change in Control was also the Executive's Termination Date. If the amounts so payable are not determinable immediately upon the occurrence of the Change in Control, the Company shall make a reasonable good faith estimate of the amount to be contributed to the Trust. The amounts contributed to the Trust pursuant to this Section shall be held pursuant to the terms of the Trust, but shall in no event revert to the Company or any of its Affiliates until all obligations to the Executive pursuant to this Agreement have been satisfied (including the expiration of thirty-six (36) months after a Change in Control without any termination of employment subject to the provisions of Section 2(b)).
Trust Funding. Within five (5) days following the occurrence of a Change in Control or a Potential Change in Control (as defined in the Trust) the Company shall contribute to the trust established pursuant to the trust agreement dated as of January 30, 1998 between the Company and PNC Bank, National Association (the "Trust"), for the benefit of the Executive, an amount equal to the aggregate amounts payable to the Executive pursuant to Sections 2(b)(1), (2), (4) and 3(b), determined as if the Executive's Termination Date was the date of the Change in Control or the Potential Change in Control, as the case may be. If the amounts payable are not determinable by the fifth day following the date of the Change in Control or the Potential Change in Control, as the case may be, the Company shall make a reasonable good faith estimate of the amount to be contributed to the Trust. The amounts contributed to the Trust pursuant to this Section shall be held pursuant to the terms of the Trust, but shall in no event revert to the Company or any of its Affiliates until all obligations of the Company to the Executive pursuant to this Agreement have been satisfied.
Trust Funding. The Trust for the Benefit of [Name of Beneficiary] shall be funded with such assets as Grantor/Settlor/Testator or any other person has transferred or will transfer to the Trustee, or which is bequeathed hereto by the Grantor/Settlor/Testator or any other person other than the special needs beneficiary. The property transferred is irrevocably assigned, conveyed and delivered to ACHIEVA FAMILY TRUST. Other property, real or personal, may be transferred to the Trustee by anyone other than the beneficiary, with the consent of the Trustee. The Trustee shall invest said property, shall hold said property and all investments thereof as a 1 A cotrustee is not necessary, but ACHIEVA Family Trust is happy to serve in conjunction with a cotrustee. trust estate (“Trust Estate”), and shall distribute the Trust Estate’s net income and principal as set forth in this Agreement.
Trust Funding. Pursuant to requirements under the Pension Protection Act of 2006, the Bank shall not make contributions to the rabbi trust during any restricted period for purposes of paying deferred compensation of an applicable covered employee under a nonqualified deferred compensation plan of the Bank, or its affiliates, if the contribution would be treated as property transferred in connection with the performance of services under Internal Revenue Code Section 83, as provided in Internal Revenue Code Section 409A(b)(3).
Trust Funding. On the Effective Date, the Trust shall be funded with the Trust Assets and, from time to time, by the proceeds of such assets, including recoveries from Litigation Trust Claims or by such other means as approved by the Trust Committee. On or after the Effective Date, the Trustee may establish and fund from the Trust Assets one or more funds, reserves or accounts (or sub-accounts) within the Trust as determined by the Trustee, in its reasonable discretion in consultation with the Trust Committee, to be necessary, appropriate or desirable in carrying out the Trust Purposes and consistent with the Plan and this Trust Agreement.
Trust Funding. Please indicate how the Trust is being funded below: ☐ Single Sum Contribution Amount: $ Date: Source: Please indicate whether any future deposits will be made, such as through your estate or by any other means:
Trust Funding. The Reserves shall be established and funded in accordance with Article VI of this Agreement and Article VII of the Plan. The costs and expenses of the Liquidating Trust, including the compensation to and reimbursement of expenses to the Liquidating Trustee, the compensation to and reimbursement of expenses to the Liquidating Trust Advisory Board and the fees, costs and expenses of all professionals retained by the Liquidating Trustee in connection with the performance of the Liquidating Trustee’s duties in connection with this Agreement, shall be paid from the Liquidating Trust Expense Reserve in accordance with Article VII of the Plan and Article VI hereof. The Liquidating Trust Expense Reserve shall not be subject to charge for claims against the Liquidating Trust, the Liquidating Trustee, the Liquidating Trust Advisory Board or the Debtor’s Estate. Any funds remaining in the Liquidating Trust Expense Reserve after completion of the Liquidating Trustee’s activities and full payment of all costs and expenses of the Liquidating Trust including the fees, costs and expenses of the Liquidating Trustee and the professionals retained by the Liquidating Trustee, shall be paid to the Liquidating Trust Beneficiaries according to the terms of the Plan and this Agreement.
Trust Funding. Notwithstanding any provision of the Trust to the contrary (including Section 1(f) of the Trust) the Corporation shall have no obligation to make any additional payments to the Trust with respect to the Participant upon the occurrence of a Change of Control as defined above.
Trust Funding. I have transferred the assets listed on the attached Schedule B to my Trustee which, together with any additional property which may later be delivered to my Trustee and any investments and reinvestments shall be administered and distributed upon the terms and conditions stated in this agreement.
Trust Funding. 4.1. The Trust Fund shall be credited with all amounts appropriated or otherwise made available by the CRA as a contribution to the Trust for the purposes of meeting the current and future OPEB costs payable by the CRA, or any other funds donated or granted specifically to the CRA for the Trust, or to the Trust directly.
