Common use of Withdrawals From Retirement Income Trust Fund Clause in Contracts

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director pursuant to the Xxxxxx Xxxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise of withdrawal rights@ shall mean those withdrawal rights to which the Director is entitled under Article III of the Xxxxxx Xxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director pursuant to the Xxxxxx Xxxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s 's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise "exercise of withdrawal rights@ rights" shall mean those withdrawal rights to which the Director is entitled under Article III of the Xxxxxx Xxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx X. Xxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s 's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise "exercise of withdrawal rights@ rights" shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx X. Xxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx X. Xxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx Xxxxxxx X. Xxxxxxxxx Grantor Trust agreement Agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s 's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise "exercise of withdrawal rights@ rights" shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx Xxxxxxx X. Xxxxxxxxx Grantor Trust agreement Agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Grantor Trust pursuant to the provisions of the trust documentAgreement.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx Grantor Trust agreement shall terminate the Bank's ’s obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s ’s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise of withdrawal rights@ shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx ______ _________ Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s 's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise "exercise of withdrawal rights@ rights" shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx _________ _______Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx _______________ Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx Kxxxx Xxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise of withdrawal rights@ shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx Kxxxx Xxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Kxxxx Xxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx Mxxxxxx XxXxxxxxxx Grantor Trust agreement shall terminate the Bank's ’s obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s ’s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise “exercise of withdrawal rights@ rights” shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx Mxxxxxx XxXxxxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Mxxxxxx XxXxxxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxx Xxxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall 13 commence. For purposes of this Subsection 2.2, Aexercise of withdrawal rights@ shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxx Xxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust documentAgreement, or other trust expenses properly payable from the Xxxxxx Xxx Xxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx Xxxx Xxxxxxxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s obligation to record Phantom Contributions pursuant to Subsection 13 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise of withdrawal rights@ shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx Xxxx Xxxxxxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust documentAgreement, or other trust expenses properly payable from the Xxxxxx Xxxxxx Xxxx Xxxxxxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx C. Xxxx Xxxxxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s 's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise "exercise of withdrawal rights@ rights" shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx C. Xxxx Xxxxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx C. Xxxx Xxxxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director pursuant to the Xxxxxx Xxxxxx Xxxxxxxxxx Grantor Trust agreement shall terminate the Bank's ’s obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise of withdrawal rights@ shall mean those withdrawal rights to which the Director is entitled under Article III of the Xxxxxx Xxxxxx Xxxxxxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Xxxxxxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director pursuant to the Xxxxxx Xxxxxx Xxxxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise of withdrawal rights@ shall mean those withdrawal rights to which the Director is entitled under Article III of the Xxxxxx Xxxxxx Xxxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Xxxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Participant pursuant to the Xxxxxx Xxxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s 's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise "exercise of withdrawal rights@ rights" shall mean those withdrawal rights to which the Director Participant is entitled under Article III of the Xxxxxx Xxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Participant for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust documentAgreement, or other trust expenses properly payable from the Xxxxxx Xxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director pursuant to the Xxxxxx Xxxxxx X. Xxxxxx, Xx. Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise of withdrawal rights@ shall mean those withdrawal rights to which the Director is entitled under Article III of the Xxxxxx Xxxxxx X. Xxxxxx, Xx. Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx X. Xxxxxx, Xx. Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Participant pursuant to the Xxxxxx Xxxxxx Xxxxx Xxxxxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s 's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise "exercise of withdrawal rights@ rights" shall mean those withdrawal rights to which the Director Participant is entitled under Article III of the Xxxxxx Xxxxxx Xxxxx Xxxxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Participant for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust documentAgreement, or other trust expenses properly payable from the Xxxxxx Xxxxxx Xxxxx Xxxxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx ______________ Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s 's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise "exercise of withdrawal rights@ rights" shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx ______________ Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx ______________ Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx Grantor Trust agreement John Fiore Granxxx Xxxxx xxxxxxxxx shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s 's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise "exercise of withdrawal rights@ rights" shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx Grantor Trust John Fiore Granxxx Xxxxx agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Grantor Trust pursuant John Fiore Granxxx Xxxxx xxxxxxxx to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s 's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise exercise of withdrawal rights@ rights" shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxx Xxxxxx Grantor Trust agreement shall terminate the Bank's ’s obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s ’s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise “exercise of withdrawal rights@ rights” shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxx Xxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxx Xxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director pursuant to the Xxxxxx Xxxxxxxxx Xxxxxx Grantor Trust agreement shall terminate the Bank's ’s obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise of withdrawal rights@ shall mean those withdrawal rights to which the Director is entitled under Article III of the Xxxxxx Xxxxxxxxx Xxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxxxxx Xxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx E G XxXxxxxxxx Grantor Trust agreement shall terminate the Bank's ’s obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s ’s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise “exercise of withdrawal rights@ rights” shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx E G XxXxxxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx E G XxXxxxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx Xxxxxxx Xxxxxxxx Grantor Trust agreement shall terminate the Bank's ’s obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s ’s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise “exercise of withdrawal rights@ rights” shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx Xxxxxxx Xxxxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Xxxxxxx Xxxxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx Mxxxxxx X. Head Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise of withdrawal rights@ shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx Mxxxxxx X. Head Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Mxxxxxx X. Head Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxxx X. Xxxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s 's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise "exercise of withdrawal rights@ rights" shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxxx X. Xxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxxx X. Xxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx Xxxxxxxxx Grantor Trust agreement shall terminate the Bank's ’s obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s ’s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise “exercise of withdrawal rights@ rights” shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx Xxxxxxxxx Grantor Trust agreement Agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Xxxxxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director pursuant to the Xxxxxx Xxxxxx Xxxxxxxxx Xxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise of withdrawal rights@ shall mean those withdrawal rights to which the Director is entitled under Article III of the Xxxxxx Xxxxxx Xxxxxxxxx Xxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Xxxxxxxxx Xxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s ’s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise “exercise of withdrawal rights@ rights” shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director pursuant to the Xxxxxx Xxxxxx Xxxx Xxxxx Grantor Trust agreement shall terminate the Bank's ’s obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s ’s obligation to record Phantom Contributions pursuant to Subsection 2.1(c2. l(c) shall commence. For purposes of this Subsection 2.2, Aexercise “exercise of withdrawal rights@ rights” shall mean those withdrawal rights to which the Director is entitled under Article III of the Xxxxxx Xxxxxx Xxxx Xxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx Xxxx Xxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx Xxxxxxxxx X. Xxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s 's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise "exercise of withdrawal rights@ rights" shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx Xxxxxxxxx X. Xxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust documentAgreement, or other trust expenses properly payable from the Xxxxxx Xxxxxx Xxxxxxxxx X. Xxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxx Xxxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise of withdrawal rights@ shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxx Xxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust documentAgreement, or other trust expenses properly payable from the Xxxxxx Xxx Xxxxxx Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Executive pursuant to the Xxxxxx Xxxxxx _________________ Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s 's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise "exercise of withdrawal rights@ rights" shall mean those withdrawal rights to which the Director Executive is entitled under Article III of the Xxxxxx Xxxxxx _________________ Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Executive for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust document, or other trust expenses properly payable from the Xxxxxx Xxxxxx _________________ Grantor Trust pursuant to the provisions of the trust document.

Withdrawals From Retirement Income Trust Fund. Exercise of withdrawal rights by the Director Participant pursuant to the Xxxxxx Xxxx Xxxxxx Grantor Trust agreement shall terminate the Bank's obligation to make any further Contributions to the Retirement Income Trust Fund, and the Bank=s 's obligation to record Phantom Contributions pursuant to Subsection 2.1(c) shall commence. For purposes of this Subsection 2.2, Aexercise "exercise of withdrawal rights@ rights" shall mean those withdrawal rights to which the Director Participant is entitled under Article III of the Xxxxxx Xxxx Xxxxxx Grantor Trust agreement and shall exclude any distributions made by the trustee of the Retirement Income Trust Fund to the Director Participant for purposes of payment of income taxes in accordance with Subsection 2.1 of this Agreement and the tax reimbursement formula contained in the trust documentAgreement, or other trust expenses properly payable from the Xxxxxx Xxxx Xxxxxx Grantor Trust pursuant to the provisions of the trust document.