Common use of Trust Funding Clause in Contracts

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)).