Washington Amendment to Trust Agreement Agreement between Polaris Industries, Inc. and Fidelity Management Trust Company

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9324
• Format: Word; Rich Text

Description

First Amendment to Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Company dated May 15, 1999. 7 pages. The Washington Amendment to Trust Agreement is a legal document that outlines and governs the terms and conditions between Polaris Industries, Inc. and Fidelity Management Trust Company. This agreement serves as a modification or addition to an existing trust agreement and is specific to the state of Washington. The Washington Amendment to Trust Agreement solidifies the partnership between Polaris Industries, Inc., a renowned manufacturer of power sports vehicles, and Fidelity Management Trust Company, a reputable financial institution. This agreement demonstrates the parties' commitment to abide by the laws and regulations imposed by the state of Washington. Some key aspects that the Washington Amendment to Trust Agreement might cover include: 1. Trust Amendment: The primary purpose of this agreement is to make changes to an existing trust agreement between Polaris Industries, Inc. and Fidelity Management Trust Company. It outlines the specific modifications that are to be made, such as adding or removing trustees, adjusting the distribution terms, or amending investment strategies. 2. Fiduciary Duties: The Washington Amendment emphasizes the fiduciary responsibilities of the involved parties. This refers to the duty to act in the best interests of the trust's beneficiaries and exercise due diligence when making financial decisions. 3. Distribution of Assets: The agreement may define the rules and procedures for distributing assets held within the trust. It may specify how and when distributions should occur and the factors that should be considered in determining the amounts. 4. Investment Guidelines: The Washington Amendment to Trust Agreement could include provisions regarding the investment strategies to be followed. It may outline the types of investments that are permitted or restricted, risk tolerance levels, and performance evaluation criteria. 5. Reporting and Accounting: The agreement may require Fidelity Management Trust Company to provide regular reports to Polaris Industries, Inc., detailing the financial status of the trust and any transactions made. This ensures transparency and accountability between the parties. It's important to note that the specific types of Washington Amendments to Trust Agreement can vary depending on the specific circumstances and needs of Polaris Industries, Inc. and Fidelity Management Trust Company. Therefore, other types or variations of this agreement may exist based on the parties' preferences and goals. Overall, the Washington Amendment to Trust Agreement strengthens the partnership between Polaris Industries, Inc. and Fidelity Management Trust Company within the state of Washington, providing a framework for trust management, investment strategies, and distribution guidelines.

The Washington Amendment to Trust Agreement is a legal document that outlines and governs the terms and conditions between Polaris Industries, Inc. and Fidelity Management Trust Company. This agreement serves as a modification or addition to an existing trust agreement and is specific to the state of Washington. The Washington Amendment to Trust Agreement solidifies the partnership between Polaris Industries, Inc., a renowned manufacturer of power sports vehicles, and Fidelity Management Trust Company, a reputable financial institution. This agreement demonstrates the parties' commitment to abide by the laws and regulations imposed by the state of Washington. Some key aspects that the Washington Amendment to Trust Agreement might cover include: 1. Trust Amendment: The primary purpose of this agreement is to make changes to an existing trust agreement between Polaris Industries, Inc. and Fidelity Management Trust Company. It outlines the specific modifications that are to be made, such as adding or removing trustees, adjusting the distribution terms, or amending investment strategies. 2. Fiduciary Duties: The Washington Amendment emphasizes the fiduciary responsibilities of the involved parties. This refers to the duty to act in the best interests of the trust's beneficiaries and exercise due diligence when making financial decisions. 3. Distribution of Assets: The agreement may define the rules and procedures for distributing assets held within the trust. It may specify how and when distributions should occur and the factors that should be considered in determining the amounts. 4. Investment Guidelines: The Washington Amendment to Trust Agreement could include provisions regarding the investment strategies to be followed. It may outline the types of investments that are permitted or restricted, risk tolerance levels, and performance evaluation criteria. 5. Reporting and Accounting: The agreement may require Fidelity Management Trust Company to provide regular reports to Polaris Industries, Inc., detailing the financial status of the trust and any transactions made. This ensures transparency and accountability between the parties. It's important to note that the specific types of Washington Amendments to Trust Agreement can vary depending on the specific circumstances and needs of Polaris Industries, Inc. and Fidelity Management Trust Company. Therefore, other types or variations of this agreement may exist based on the parties' preferences and goals. Overall, the Washington Amendment to Trust Agreement strengthens the partnership between Polaris Industries, Inc. and Fidelity Management Trust Company within the state of Washington, providing a framework for trust management, investment strategies, and distribution guidelines.