Houston Texas Trust Agreement is a legally binding contract between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York. This agreement establishes a relationship of trust, with specific terms and conditions, between the parties involved for the purpose of managing and safeguarding assets. This agreement outlines the roles and responsibilities of each party, as well as the objectives and criteria for asset management. It ensures the protection and secure administration of assets to achieve the desired financial outcomes for the beneficiaries. Houston Texas Trust Agreement can take various forms, depending on the specific needs and circumstances of the parties involved. Some common types of trust agreements include: 1. Revocable Trust Agreement: This type of agreement allows the granter (Van Kampen Foods, Inc.) to retain control over the assets and make changes or revoke the trust during their lifetime. 2. Irrevocable Trust Agreement: In this agreement, the granter permanently transfers assets to the trust, relinquishing all ownership rights and control. This type of trust is often used for estate planning and tax purposes. 3. Testamentary Trust Agreement: This agreement is created through a will and becomes effective upon the granter's death. It allows for the distribution of assets and provides instructions for managing those assets for the beneficiaries. 4. Charitable Trust Agreement: A charitable trust agreement is established with the purpose of benefiting a charitable organization. The trust assets are managed to generate income and support the designated charity. The Houston Texas Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York is a comprehensive agreement that identifies the rights, responsibilities, and obligations of each party. It ensures the proper management and protection of assets, in accordance with the applicable laws and regulations, while maximizing the financial benefits for the beneficiaries.