Common use of Waiver of Funding Clause in Contracts

Waiver of Funding. Notwithstanding the provisions of Sections 5.2 and 5.3, the Company and the Executive may agree in writing to waive the funding of the Trust upon the occurrence of any Potential Change of Control or any Change of Control, and no consent of the Trustee shall be necessary to give effect to such waiver.

Appears in 4 contracts

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

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