📄 Extracted Text (262 words)
THE WEXNER CHILDREN'S TRUST IO -00110,
TRUST AGREEMENT dated February 25, 1998, between
LESLIE H. WEXNER, as Grantor, and JEFFREY E. EPSTEIN, as
Trustee.
The Grantor hereby transfers to the Trustee the
property described in Schedule A annexed hereto, to be
administered and disposed of as provided in this Agreement.
FIRST
The Trustee shall retain such property, IN TRUST,
for the following purposes:
(a) To pay any part or all of the income and such
sums from or any part or all of the principal of the trust
as the Trustee, in his discretion, from time to time
determines for any reason whatsoever to, for, or on behalf
of the Grantor. Any income not so paid shall annually be
added to the principal.
(b) On the death of the Grantor, to distribute
the remaining income and principal of the trust to the
estate of the Grantor.
SECOND
Whenever the Trustee is directed or authorized to
pay income or principal to the Grantor, the Trustee shall be
authorized in his discretion to apply income or principal to
or for,the use of the Grantor.
THIRD
In exercising any discretion the Trustee may, but
shall not be required to, consider and accept as correct any
statement which he believes to be reliable made by any
person, including the person interested in the way in which
the discretion is exercised. The Trustee, in exercising any
discretionary authority given to him under any provision of
this agreement, shall not be required to take into account
57392.1
3.
Confidential Treatment Requested by JPM-SDNY-00002596
JPMorgan Chase
CONFIDENTIAL SDNY_GM_00271794
EFTA01480436
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EFTA01480436
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DataSet-10
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document
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