Common use of TRUSTEE'S COMPENSATION AND EXPENSES AND TAXES Clause in Contracts

TRUSTEE'S COMPENSATION AND EXPENSES AND TAXES. The Trustee shall be paid such reasonable compensation as set forth in the Trustee's fee schedule (if the Trustee has such a schedule) or as agreed upon in writing by the Employer and the Trustee. However, an individual serving as Trustee who already receives full-time compensation from the Employer shall not receive compensation from this Plan. In addition, the Trustee shall be reimbursed for any reasonable expenses, including reasonable counsel fees incurred by it as Trustee. Such compensation and expenses shall be paid from the Trust Fund unless paid or advanced by the Employer. All taxes of any kind whatsoever that may be levied or assessed under existing or future laws upon, or in respect of, the Trust Fund or the income thereof, shall be paid from the Trust Fund.

Appears in 4 contracts

Samples: www.mfs.com, Adoption Agreement (Baldwin Technology Co Inc), Wayne Savings Bancshares Inc /De/

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TRUSTEE'S COMPENSATION AND EXPENSES AND TAXES. The Trustee shall be paid such reasonable compensation as set forth in the Trustee's ’s fee schedule (if the Trustee has such a schedule) or as agreed upon in writing by the Employer and the Trustee. However, an individual serving as Trustee who already receives full-time compensation pay from the Employer shall not receive compensation from this the Plan. In addition, the Trustee shall be reimbursed for any reasonable expenses, including reasonable counsel fees incurred by it as Trustee. Such compensation and expenses shall be paid from the Trust Fund unless paid or advanced by the Employer. All taxes of any kind whatsoever that may be levied or assessed under existing or future laws upon, or in respect of, the Trust Fund or the income thereof, shall be paid from the Trust Fund.

Appears in 2 contracts

Samples: Stock Ownership Plan and Trust Agreement (PBSJ Corp /Fl/), Chevron Corp

TRUSTEE'S COMPENSATION AND EXPENSES AND TAXES. The Trustee shall be paid such reasonable compensation as set forth in the Trustee's fee schedule (if the Trustee has such a schedule) or as agreed upon in writing by the Employer and the Trustee. However, an individual serving as Trustee who already receives full-time compensation pay from the Employer shall not receive compensation from this the Plan. In addition, the Trustee shall be reimbursed for any reasonable expenses, including reasonable counsel fees incurred by it as Trustee. Such compensation and expenses shall be paid from the Trust Fund unless paid or advanced by the Employer. All taxes of any kind whatsoever that may be levied or assessed under existing or future laws upon, or in respect of, the Trust Fund or the income thereof, shall be paid from the Trust Fund.

Appears in 1 contract

Samples: Winton Financial Corp

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TRUSTEE'S COMPENSATION AND EXPENSES AND TAXES. The Trustee shall be paid such reasonable compensation as set forth in the Trustee's ’s fee schedule (if the Trustee has such a schedule) or as agreed upon in writing by the Employer and the Trustee. However, an An individual serving as Trustee who already receives full-time compensation pay from the Employer shall not receive compensation from this Plan. In addition, the Trustee shall be reimbursed for any reasonable expenses, including reasonable counsel fees incurred by it as Trustee. Such compensation and expenses shall be paid from the Trust Fund unless paid or advanced by the Employer. All taxes of any kind and all kinds whatsoever that may be levied or assessed under existing or future laws upon, or in respect of, the Trust Fund or the income thereof, shall be paid from the Trust Fund.

Appears in 1 contract

Samples: www.usf.edu

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