Participant Representatives definition
Examples of Participant Representatives in a sentence
The Participant Representatives may by unanimous written agreement irrevocably waive any breach of this Agreement by the Corporation.
If the Board or the Participant Representatives, as the case may be, fails to appoint the Replacement Trustee within the 21 (twenty one) day period, the Trustees then in office shall, in a meeting of Trustees, have the power to appoint the Replacement Trustee.
Participant Representatives may be changed by written notice to PNM.
For this purpose, notice from the Company or Participant Representatives or a report filed with the Securities and Exchange Commission, a public statement issued by the Company, or a periodical of general circulation, including but not limited to The New York Times or the Wall Street Journal, shall be deemed to be a reliable source upon which the Trustee may rely.
In addition, the Company and the Trustee, with the written consent of the Participant Representatives, may at any time waive compliance with any of the agreements or conditions contained herein.
The Company shall have the right to enforce any provision of this Trust Agreement prior to a Change in Control and, on or after a Change in Control, any Participant shall have the right as a beneficiary of the Trust to enforce all terms and provisions of this Trust Agreement with the same force and effect as if such person were a party hereto, except to the extent actions are required to be taken or consented to by the Participant Representatives.
For this purpose, notice from the Company or Participant Representatives or a report filed with the Securities and Exchange Commission, a public statement issued by the Company, or a periodical of general circulation, including but not limited to The New York Times or The Wall Street Journal shall be deemed to be a reliable source upon which the Trustee may rely.
If the Company fails or refuses to make such reimbursement, in whole or in part, within 20 days after receipt of demand therefor accompanied by appropriate documentation of such fees or other expenses, such Participant may, without prejudice to his right to receive full reimbursement from the Company, demand payment of such amount from the Trust Fund, in which case the Trustee, upon receipt from the Participant Representatives of a written direction to pay, shall make such payment as soon as practicable.
In the event of such removal or resignation, the Trustee shall duly file with the Company prior to a Change in Control, or a person or persons designated in writing by the Participant Representatives after a Change in Control, a written statement or statements of accounts and proceedings as provided in Subsection 3.03(a) hereof for the period since the last previous annual accounting for each Plan.
Notwithstanding any other provision of this Trust Agreement, in the event of the termination of the Trust, or the resignation or discharge of the Trustee, the Trustee shall have the right to a settlement of its accounts, which accounting may be made, at the option of the Trustee, either (i) by a judicial settlement in a court of competent jurisdiction or (ii) by agreement of settlement, release and indemnity from the Company to the Trustee with the written consent of the Participant Representatives.