Common use of TRUSTEE COMPENSATION AND TRUST EXPENSES Clause in Contracts

TRUSTEE COMPENSATION AND TRUST EXPENSES. The Trustee shall be paid such reasonable compensation for its service as Trustee as shall from time to time be agreed upon by Company and Trustee. This compensation and all expenses incurred by the Trustee in the management and protection of the Trust, including administration, accounting and legal fees, shall be reimbursed by the Company within 30 days after the Company's receipt of a xxxx from the Trustee for any fees and expenses paid from the Trust assets. To the extent the Company fails to reimburse the Trustee, this compensation and extraordinary and non-recurring expenses shall be charged by the Trustee against the Trust.

Appears in 4 contracts

Samples: Benefit Plans Trust Agreement (Lyondell Chemical Co), Trust Agreement (Lyondell Petrochemical Co), Trust Agreement (Lyondell Chemical Co)

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TRUSTEE COMPENSATION AND TRUST EXPENSES. The Trustee shall be paid such reasonable compensation for its service as Trustee as shall from time to time be agreed upon by Company and Trustee. This compensation and all expenses incurred by the Trustee in the management and protection of the Trust, including administration, accounting and legal fees, shall be reimbursed by the Company within 30 days after the Company's ’s receipt of a xxxx from the Trustee for any fees and expenses paid from the Trust assets. To the extent the Company fails to reimburse the Trustee, this compensation and extraordinary and non-recurring expenses shall be charged by the Trustee against the Trust.

Appears in 1 contract

Samples: Trust Agreement (Lyondell Chemical Co)

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TRUSTEE COMPENSATION AND TRUST EXPENSES. The Trustee shall be paid such reasonable compensation for its service as Trustee as shall from time to time be agreed upon by Company and Trustee. This compensation and all expenses incurred by the Trustee in the management and protection of the Trust, including administration, accounting and legal fees, shall be reimbursed by the Company within 30 days after the Company's ’s receipt of a xxxx bxxx from the Trustee for any fees and expenses paid from the Trust assets. To the extent the Company fails to reimburse the Trustee, this compensation and extraordinary and non-recurring expenses shall be charged by the Trustee against the Trust.

Appears in 1 contract

Samples: Trust Agreement (Lyondell Chemical Co)

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