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Benefit Equity Trust Agreement

 

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Title:

Benefit Equity Trust Agreement

Entities:

Beckman Coulter, Inc.; Wells Fargo Bank, NA

Date:

2004

Size:

66KB total

Price:

$49

ID:

#1181219

 

 

► Miscellany ► Trusts ► Equity ► Benefits Equity Trust Agreements
► Financial
► Technology ► Scientific & Technical Instruments

 

 

Start of Preview


 

BECKMAN COULTER, INC.
BENEFIT EQUITY TRUST AGREEMENT
Dated as of October 5, 2004
between
Beckman Coulter, Inc.
and
Wells Fargo Bank, N.A.

 

TABLE OF CONTENTS

 

SECTION 1.

Definitions

 

 

 

 

SECTION 2.

Establishment of the Trust

 

 

2.1.

Trust Fund

 

 

2.2.

Irrevocability

 

 

2.3.

Claims of Creditors

 

 

 

 

SECTION 3.

Acceptance by the Trustee

 

 

 

 

SECTION 4.

Investment of the Trust

 

 

4.1.

General Duty of the Trustee

 

 

4.2.

Additional Powers of the Trustee

 

 

 

 

SECTION 5.

Establishment and Maintenance of Participant Schedule

 

 

5.1.

Form of Participant Schedule

 

 

5.2.

Maintaining the Participant Schedule

 

 

 

 

SECTION 6.

Maintenance of Trust

 

 

6.1.

Trust Assets and Allocation to Plans

 

 

6.2.

Valuation of Trust and Accounts

 

 

6.3.

Relationship to Plans

 

 

 

 

SECTION 7.

Voting and Tender of Company Stock Held in Trust

 

 

7.1.

Voting Rights

 

 

7.2.

Tender Rights

 

 

7.3.

Notices and Information Statements

 

 

 

 

SECTION 8.

Distributions from the Trust

 

 

8.1.

Distributions from the Trust

 

 

8.2.

Significant Event

 

 

8.3.

Protection of the Trustee

 

 

8.4.

Company Obligations

 

 

8.5.

Trustee as Holder of Legal Title to Trust Assets

 

 

8.6.

Federal Income Tax Consequences of the Trust

 

 

8.7.

Reversion to the Company

 

 

i



 

SECTION 9.

Expenses, Compensation and Indemnification

 

 

9.1.

Compensation

 

 

9.2.

Charge on Trust Fund

 

 

9.3.

Indemnification

 

 

9.4.

Force Majeure

 

 

9.5.

Payment from Trust Fund

 

 

 

 

SECTION 10.

Administration and Records

 

 

10.1.

Records

 

 

10.2.

Settlement of Accounts

 

 

10.3.

Audit

 

 

10.4.

Judicial Settlement

 

 

10.5.

Delivery of Records to Successor

 

 

10.6.

Tax Filings

 

 

 

 

SECTION 11.

Removal or Resignation of the Trustee and Designation of Successor Trustee

 

 

11.1.

Removal

 

 

11.2.

Resignation

 

 

11.3.

Successor Trustee

 

 

 

 

SECTION 12.

Enforcement of Trust Agreement

 

 

12.1.

Rights of Parties to Enforce the Trust Agreement

 

 

12.2.

Limitation on Rights of Participants and Beneficiaries

 

 

 

 

SECTION 13.

Termination

 

 

13.1.

Termination upon Specific Events

 

 

13.2.

Termination in Other Events

 

 

13.3.

Limitation on Trustee Liability Upon Total Distribution; Continuation of Trustee Powers

 

 

13.4.

Nonapplicability of ERISA

 

 

13.5.

Reversion to the Company

 

 

 

 

SECTION 14.

Amendment

 

 

14.1.

Amendments in General

 

 

14.2.

Nonapplicability of ERISA; Preventing Current Taxation

 

 

 

 

SECTION 15.

Nonalienation

 

 

15.1.

Prohibition Against Certain Transfers, Pledges, Etc

 

 

 

 

SECTION 16.

Communications

 

 

16.1.