Trustee Contract Clauses (393)

Grouped Into 18 Collections of Similar Clauses From Business Contracts

This page contains Trustee clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Supplemental Indenture or the Subsidiary Guarantee for or in respect of the recitals contained herein, all of which recitals are made solely by the New Guarantors and the Company. All of the provisions contained in the Indenture in respect of the rights, privileges, protections, immunities, powers and duties of the Trustee shall be applicable in respect of this Second... Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein. View More Arrow
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Third Supplemental Indenture or the Subsidiary Guarantee for or in respect of the recitals contained herein, all of which recitals are made solely by the New Guarantors Company and the Company. Guarantors. All of the provisions contained in the Indenture in respect of the rights, privileges, protections, immunities, powers and duties of the Trustee shall be applicable in... respect of this Second Third Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein. View More Arrow
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Fifth Supplemental Indenture or the Subsidiary Guarantee for or in respect of the recitals recit- als contained herein, all of which recitals are made solely by the New Guarantors and the Company. All of the provisions pro- visions contained in the Indenture in respect of the rights, privileges, protections, immunities, powers and duties of the Trustee shall be... applicable in respect of this Second Fifth Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein. View More Arrow
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Fourth Supplemental Indenture or the Subsidiary Guarantee for or in respect of the recitals contained herein, all of which recitals are made solely by the New Guarantors and the Company. Authority. All of the provisions contained in the Indenture as amended hereby in respect of the rights, privileges, protections, immunities, powers and duties of the Trustee shall be... applicable in respect of this Second Fourth Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein. View More Arrow
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Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Supplemental Indenture or the Subsidiary Guarantee for or in respect of the recitals contained herein, all of which recitals are made solely by the New Guarantors and the Company. All of the provisions contained in the Indenture in respect of the rights, privileges, protections, immunities, powers and duties of the Trustee shall be applicable in respect of this Second... Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein. View More Arrow
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Third Supplemental Indenture or the Subsidiary Guarantee for or in respect of the recitals contained herein, all of which recitals are made solely by the New Guarantors Company and the Company. Guarantors. All of the provisions contained in the Indenture in respect of the rights, privileges, protections, immunities, powers and duties of the Trustee shall be applicable in... respect of this Second Third Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein. View More Arrow
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Fifth Supplemental Indenture or the Subsidiary Guarantee for or in respect of the recitals recit- als contained herein, all of which recitals are made solely by the New Guarantors and the Company. All of the provisions pro- visions contained in the Indenture in respect of the rights, privileges, protections, immunities, powers and duties of the Trustee shall be... applicable in respect of this Second Fifth Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein. View More Arrow
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Fourth Supplemental Indenture or the Subsidiary Guarantee for or in respect of the recitals contained herein, all of which recitals are made solely by the New Guarantors and the Company. Authority. All of the provisions contained in the Indenture as amended hereby in respect of the rights, privileges, protections, immunities, powers and duties of the Trustee shall be... applicable in respect of this Second Fourth Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein. View More Arrow
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Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guarantors and the Company.
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guarantors Guaranteeing Subsidiary and the Company. Issuer.
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guarantors Guaranteeing Subsidiaries and the Company.
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guarantors Guaranteeing Parent and the Company.
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Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guarantors and the Company.
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guarantors Guaranteeing Subsidiary and the Company. Issuer.
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guarantors Guaranteeing Subsidiaries and the Company.
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guarantors Guaranteeing Parent and the Company.
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Trustee. The Trustee accepts the amendment of the Indenture effected by this Supplemental Indenture and agrees to execute the trust created by the Indenture as hereby amended, but only upon the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms and provisions shall in like manner define and limit its liabilities and responsibilities in the performance of the trust created by the... Indenture as hereby amended. Without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Issuers or for or with respect to (i) the validity, efficacy, or sufficiency of this Supplemental Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by the Issuers, Parent, Subsidiary Guarantors or New Guarantors, as applicable, by corporate action or otherwise, or (iii) the due execution hereof by the Issuers, Parent, Subsidiary Guarantors or New Guarantors, as applicable, and the Trustee makes no representation with respect to any such matters. View More Arrow
Trustee. The Trustee accepts the amendment of the Indenture amendments effected by this Supplemental Indenture and agrees to execute the trust created by the Indenture as hereby amended, Indenture, but only upon the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, as the case may be, which terms and provisions shall in like manner define and limit its their liabilities and responsibilities in... the performance of the trust terms created by the Indenture Indenture, as hereby amended. Without amended, and without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with in respect to of the validity or sufficiency of this Supplemental Indenture or any of the terms or provisions hereof or for or in respect of the recitals or statements contained herein, all of which recitals or statements are made solely by the Issuers and the Guarantors. In addition, the Trustee shall not be responsible in any manner whatsoever or for or with respect to (i) the validity, efficacy, or sufficiency of this Supplemental Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by the Issuers, Parent, Subsidiary the Guarantors or New Guarantors, as applicable, by corporate action or otherwise, or (iii) (ii) the due execution hereof by the Issuers, Parent, Subsidiary Issuers or the Guarantors and/or (iii) the consequences (direct or New Guarantors, as applicable, indirect and whether deliberate or inadvertent) of any amendment herein provided for, and the Trustee makes no does not make any representation with respect to any such matters. View More Arrow
Trustee. The Trustee accepts the amendment of the Indenture effected by this Sixth Supplemental Indenture and agrees to execute the trust created by the Indenture as hereby amended, but only upon the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms and provisions shall in like manner define and limit its liabilities and responsibilities in the performance of the trust created by the... Indenture as hereby amended. Without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Issuers Company and New Arconic, or for or with respect to (i) the validity, efficacy, or sufficiency of this Sixth Supplemental Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by the Issuers, Parent, Subsidiary Guarantors Company or New Guarantors, Arconic, as applicable, by corporate action or otherwise, or (iii) the due execution hereof by the Issuers, Parent, Subsidiary Guarantors Company or New Guarantors, Arconic, as applicable, and the Trustee makes no representation with respect to any such matters. View More Arrow
Trustee. The Trustee accepts the amendment of the Indenture effected by this Supplemental Indenture and agrees to execute the trust created by the Indenture as hereby amended, but only upon the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms and provisions shall in like manner define and limit its liabilities and responsibilities in the performance of the trust created by the... Indenture as hereby amended. Without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Issuers SanDisk and Western Digital or for or with respect to (i) the validity, efficacy, or sufficiency of this Supplemental Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by the Issuers, Parent, Subsidiary Guarantors SanDisk or New Guarantors, Western Digital, as applicable, by corporate action or otherwise, or (iii) the due execution hereof by the Issuers, Parent, Subsidiary Guarantors SanDisk or New Guarantors, Western Digital, as applicable, and the Trustee makes no representation with respect to any such matters. View More Arrow
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Trustee. The Trustee accepts the amendment of the Indenture effected by this Supplemental Indenture and agrees to execute the trust created by the Indenture as hereby amended, but only upon the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms and provisions shall in like manner define and limit its liabilities and responsibilities in the performance of the trust created by the... Indenture as hereby amended. Without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Issuers or for or with respect to (i) the validity, efficacy, or sufficiency of this Supplemental Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by the Issuers, Parent, Subsidiary Guarantors or New Guarantors, as applicable, by corporate action or otherwise, or (iii) the due execution hereof by the Issuers, Parent, Subsidiary Guarantors or New Guarantors, as applicable, and the Trustee makes no representation with respect to any such matters. View More Arrow
Trustee. The Trustee accepts the amendment of the Indenture amendments effected by this Supplemental Indenture and agrees to execute the trust created by the Indenture as hereby amended, Indenture, but only upon the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, as the case may be, which terms and provisions shall in like manner define and limit its their liabilities and responsibilities in... the performance of the trust terms created by the Indenture Indenture, as hereby amended. Without amended, and without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with in respect to of the validity or sufficiency of this Supplemental Indenture or any of the terms or provisions hereof or for or in respect of the recitals or statements contained herein, all of which recitals or statements are made solely by the Issuers and the Guarantors. In addition, the Trustee shall not be responsible in any manner whatsoever or for or with respect to (i) the validity, efficacy, or sufficiency of this Supplemental Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by the Issuers, Parent, Subsidiary the Guarantors or New Guarantors, as applicable, by corporate action or otherwise, or (iii) (ii) the due execution hereof by the Issuers, Parent, Subsidiary Issuers or the Guarantors and/or (iii) the consequences (direct or New Guarantors, as applicable, indirect and whether deliberate or inadvertent) of any amendment herein provided for, and the Trustee makes no does not make any representation with respect to any such matters. View More Arrow
Trustee. The Trustee accepts the amendment of the Indenture effected by this Sixth Supplemental Indenture and agrees to execute the trust created by the Indenture as hereby amended, but only upon the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms and provisions shall in like manner define and limit its liabilities and responsibilities in the performance of the trust created by the... Indenture as hereby amended. Without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Issuers Company and New Arconic, or for or with respect to (i) the validity, efficacy, or sufficiency of this Sixth Supplemental Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by the Issuers, Parent, Subsidiary Guarantors Company or New Guarantors, Arconic, as applicable, by corporate action or otherwise, or (iii) the due execution hereof by the Issuers, Parent, Subsidiary Guarantors Company or New Guarantors, Arconic, as applicable, and the Trustee makes no representation with respect to any such matters. View More Arrow
Trustee. The Trustee accepts the amendment of the Indenture effected by this Supplemental Indenture and agrees to execute the trust created by the Indenture as hereby amended, but only upon the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms and provisions shall in like manner define and limit its liabilities and responsibilities in the performance of the trust created by the... Indenture as hereby amended. Without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Issuers SanDisk and Western Digital or for or with respect to (i) the validity, efficacy, or sufficiency of this Supplemental Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by the Issuers, Parent, Subsidiary Guarantors SanDisk or New Guarantors, Western Digital, as applicable, by corporate action or otherwise, or (iii) the due execution hereof by the Issuers, Parent, Subsidiary Guarantors SanDisk or New Guarantors, Western Digital, as applicable, and the Trustee makes no representation with respect to any such matters. View More Arrow
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Trustee. In carrying out the Trustee's responsibilities hereunder, the Trustee shall have all of the rights, protections and immunities which it possesses under the Indenture. The Trustee makes no representations as to the validity or sufficiency of this Thirteenth Supplemental Indenture. The recitals and statements herein are deemed to be those of the Company and NGC and not of the Trustee.
Trustee. In carrying out the Trustee's responsibilities hereunder, the Trustee shall have all of the rights, protections and immunities which it possesses under the Indenture. The Trustee makes no representations as to the validity or sufficiency of this Thirteenth Twelfth Supplemental Indenture. The recitals and statements herein are deemed to be those of the Company and NGC and not of the Trustee.
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Trustee. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. The recitals and statements herein are deemed to be those of the Issuer, and not of the Trustee.
Trustee. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. The recitals and statements herein are deemed to be those of the Issuer, New Parent and Parent and not of the Trustee.
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Trustee. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. The recitals and statements herein are deemed to be those of the Issuer, and not of the Trustee.
Trustee. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. The recitals and statements herein are deemed to be those of the Issuer, New Parent and Parent and not of the Trustee.
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Trustee. Approved 102 Awards which shall be granted under this Appendix and/or any shares of Common Stock allocated or issued thereunder and/or other shares of Common Stock received subsequently following any realization of rights, including without limitation bonus shares, shall be allocated or issued to the Trustee and held for the benefit of the Israeli Participants, or shall be supervised by the Trustee in accordance with the instructions set forth by the ITA, for such period of time as required by... Section 102 or any regulations, rules or orders or procedures promulgated thereunder (the "Holding Period"), and the Israeli Participant shall not sell or release from trust any such Awards or shares of Common Stock, until the lapse of the Holding Period. Notwithstanding the above, if any such sale or release occurs during the Holding Period, the sanctions under Section 102 of the Ordinance and under any rules or regulation or orders or procedures promulgated thereunder shall apply to and shall be borne by such Israeli Participant only. 4.2. In the case the requirements for Approved 102 Awards are not met, then the Approved 102 Awards may be regarded as Unapproved 102 Awards, all in accordance with the provisions of Section 102. 4.3. Notwithstanding anything to the contrary, the Trustee shall not release any Awards or shares 3 of Common Stock allocated or issued upon the grant or the exercise of Approved 102 Awards prior to the fulfillment of both of the following conditions: (i) payment has been made to the ITA of all taxes required to be paid upon the release and transfer of such Awards and/or shares of Common Stock, and confirmation of such payment has been received by the Trustee; and (ii) the Trustee has confirmed with the Company that all requirements for such release and transfer have been fulfilled according to the terms of the Company's corporate documents, the Plan, the Award Agreement and any applicable law. 4.4. Upon receipt of Approved 102 Award, the Israeli Participant will sign an undertaking to release the Trustee from any liability in respect of any action or decision duly taken and bona fide executed in relation with this Appendix, or any Approved 102 Award or share of Common Stock granted to him/her thereunder. 4.5. In order to ensure the full payment of tax by an Israeli Participant the Company may, at its own discretion, deposit with or subject to supervision of the Trustee, any 3(i) Award or Unapproved 102 Award which shall be granted under this Appendix and/or any shares of Common Stock allocated or issued thereunder and/or other shares of Common Stock received subsequently following any realization of rights, including without limitation bonus shares, and the Trustee shall hold such Awards and/or shares of Common Stock, for the benefit of the Israeli Participants for such period of time as determined by the Company or its Affiliates. View More Arrow
Trustee. Approved 102 Awards which shall be granted under this Appendix and/or any shares of Common Stock Shares allocated or issued thereunder upon exercise of such Approved 102 Awards and/or other shares of Common Stock received subsequently following any realization of rights, including without limitation bonus shares, shall be allocated or issued to the Trustee and held for the benefit of the Israeli Participants, or shall be supervised by the Trustee in accordance with the instructions set forth by... the ITA, for such period of time as required by Section 102 or any regulations, rules or orders or procedures promulgated thereunder (the "Holding Period"), and the Israeli Participant shall not sell or release from trust any such Awards or shares of Common Stock, until the lapse of the Holding Period. Notwithstanding the above, if any such sale or release occurs during the Holding Period, the sanctions under Section 102 of the Ordinance and under any rules or regulation or orders or procedures promulgated thereunder shall apply to and shall be borne by such Israeli Participant only. 4.2. Period"). In the case the requirements for Approved 102 Awards are not met, then the Approved 102 Awards may be regarded as Unapproved 102 Awards, all in accordance with the provisions of Section 102. 4.3. 4.2. Notwithstanding anything to the contrary, the Trustee shall not release any Awards or shares 3 of Common Stock Shares allocated or issued upon the grant or the exercise of Approved 102 Awards prior to the fulfillment of both full payment of the following conditions: (i) payment has been made Participant's tax liabilities arising from Approved 102 Awards which were granted to him and/or any Shares allocated or issued upon the grant and/or exercise of such Approved 102 Awards. 4.3. With respect to any Approved 102 Awards, subject to the ITA provisions of all taxes required to be paid Section 102 and any rules or regulation or orders or procedures promulgated thereunder, a Participant shall not sell or release from trust any Share received upon the release and transfer grant and/or exercise of such Awards an Approved 102 Award and/or shares any share received subsequently following any realization of Common Stock, and confirmation of such payment has been received by rights, including without limitation, bonus shares, until the Trustee; and (ii) the Trustee has confirmed with the Company that all requirements for such release and transfer have been fulfilled according to the terms lapse of the Company's corporate documents, Holding Period required under Section 102 of the Plan, Ordinance. Notwithstanding the Award Agreement above, if any such sale or release occurs during the Holding Period, the sanctions under Section 102 of the Ordinance and under any applicable law. rules or regulations or orders or procedures promulgated thereunder shall apply to and shall be borne by such Participant only. 24 4.4. Upon receipt of Approved 102 Award, the Israeli Participant will sign an undertaking to release the Trustee from any liability in respect of any action or decision duly taken and bona fide executed in relation with this Appendix, or any Approved 102 Award or share of Common Stock Share granted to him/her him thereunder. 4.5. In order to ensure the full payment of tax by an Israeli Participant the Company may, Company, at its own discretion, discretion may deposit with or subject to supervision of the Trustee, any 3(i) Award or Unapproved 102 Award which shall be granted under this Appendix and/or any shares of Common Stock Shares allocated or issued thereunder upon exercise of such Unapproved 102 Awards and/or other shares of Common Stock received subsequently following any realization of rights, including without limitation bonus shares, and with the Trustee which shall hold such Awards and/or shares of Common Stock, Awards, for the benefit of the Israeli Participants for such period of time as determined by the Company or its Affiliates. Company. View More Arrow
Trustee. 3.1. The terms and conditions applicable to the trust relating to Section 102 Awards shall be set forth in an agreement signed by the Company and the Trustee (the "Trust Agreement"). 3.2. Notwithstanding the provisions of the Plan, Approved 102 Awards which shall be granted under this Appendix Sub Plan and/or any shares of Common Stock allocated or issued upon exercise or vesting of such Approved 102 Awards and/or other rights granted thereunder and/or other shares of Common Stock received... subsequently following any realization of rights, including without limitation bonus shares, Stocks such as distributions of Common Stock, shall be allocated or issued to registered on the name of the Trustee and held for the benefit of the Israeli Participants, or shall be supervised by the Trustee in accordance with the instructions set forth by the ITA, Employee for no less than such period of time as required by Section 102 or any regulations, rules or orders or procedures promulgated thereunder (the "Holding Period"), Period"). In case the requirements for Approved 102 Awards are not met, then the Approved 102 Awards shall be regarded as Unapproved 102 Awards, all in accordance with the provisions of Section 102. 3.3. Any grant and any exercise of an Approved 102 Award shall be notified to and be deposited with the Trustee in accordance with the ITA's guidelines. 3.4. Notwithstanding anything to the contrary, the Trustee shall not release and shall not make any action, subject to the provisions of Section 102, with respect to any Common Stock allocated or issued upon exercise or vesting of Approved 102 Awards prior to the full payment of the Employee's tax liabilities, if any, arising from Approved 102 Awards which were granted to him/her and/or any Common Stock allocated or issued upon exercise or vesting of such Awards. 2 3.5. With respect to any Approved 102 Award, subject to the provisions of Section 102, an Israeli Participant shall not sell or release from trust any such Awards Stock received upon the exercise or shares vesting of an Approved 102 Award and/or any rights granted thereunder and/or Common Stock, Stock received subsequently following any realization of rights, including without limitation bonus Stocks, until the lapse of the Holding Period. Period required under Section 102. Notwithstanding the above, if any such sale or release occurs during the Holding Period, the sanctions under Section 102 of the Ordinance and under any rules or regulation or orders or procedures promulgated thereunder shall apply to and shall be borne solely by such Israeli Participant only. 4.2. In the case the requirements for Approved 102 Awards are not met, then the Approved 102 Awards may be regarded as Unapproved 102 Awards, all in accordance with the provisions of Section 102. 4.3. Notwithstanding anything Participant. Subject to the contrary, foregoing, the Trustee shall not may, pursuant to a written or electronic request from the Participant, release any Awards or shares 3 of and transfer such Common Stock allocated or issued upon the grant or the exercise of Approved 102 Awards prior from trust to the fulfillment of Participant, provided that both of the following conditions: conditions have been fulfilled prior to such release or transfer: (i) payment has been made to the ITA of all taxes required to be paid upon the release and transfer of such Awards and/or shares of the Common Stock, and confirmation of such payment has been received by the Trustee; Trustee and (ii) the Trustee has confirmed with the Company that all requirements for such release and transfer have been fulfilled according to the terms of the Company's corporate documents, the Plan, the Sub Plan, the Israeli Award Agreement and any applicable law. 4.4. Applicable Law. 3.6. The Trustee shall be exempt from any liability in respect of any action or decision duly taken in its capacity as a Trustee, provided, however, that the Trustee acted at all times in good faith. Upon receipt of any Approved 102 Award, if requested to do so by The Company, Affiliate or the Israeli Participant Trustee, the Employee will sign an undertaking to release the Trustee from any liability in respect of any action or decision duly taken and bona fide executed in relation with this Appendix, Sub Plan, or any Approved 102 Award or share of Common Stock granted to him/her him thereunder. 4.5. 3.7. The Trustee shall have the right to withhold taxes as further described in this Sub Plan. 3.8. In order to ensure the full payment case of tax by an Israeli Participant the Company may, at its own discretion, deposit with or subject to supervision of the Trustee, any 3(i) Award or Unapproved 102 Award which shall be granted under this Appendix and/or any shares of Common Stock allocated or issued thereunder and/or other shares of Common Stock received subsequently following any realization of rights, including without limitation bonus shares, and Awards, the Trustee shall hold have no rights as a Stockholder of The Company with respect to the Common Stock covered by such Awards and/or shares of Award until the Trustee becomes the record holder for such Common Stock, Stock for the benefit Participant's benefit, and subject to Section 8 hereinunder the Israeli Participant shall have no rights as a Stockholder of the Israeli Participants for such period of time as determined Company with respect to the Common Stock covered by the Company or its Affiliates. Award until the date of the release of such Common Stock from the Trustee to the Israeli Participant and the transfer of record ownership of such Common Stock to the Israeli Participant. View More Arrow
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