Kings New York Second Amendment to Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Company is a legally binding agreement that outlines the specific terms and conditions surrounding the management of assets and funds held in trust between the two parties. This agreement serves as an extension or modification to the original trust agreement previously established. The Kings New York Second Amendment to Trust Agreement is crucial for ensuring the smooth operation of a trust between Polaris Industries, Inc. and Fidelity Management Trust Company. It helps establish a clear understanding of the roles, responsibilities, and rights of each party involved, thereby minimizing potential conflicts or misunderstandings. This specific amendment agreement between Polaris Industries, Inc. and Fidelity Management Trust Company is tailored to their unique circumstances and needs. It may encompass various types or clauses, including but not limited to: 1. Asset Allocation and Investment Strategies: This section defines the investment objectives, risk tolerance, and asset allocation strategy to be followed by Fidelity Management Trust Company when managing the assets in the trust on behalf of Polaris Industries, Inc. It may outline specific investment guidelines, restrictions, or performance benchmarks. 2. Reporting and Information Exchange: This clause requires Fidelity Management Trust Company to provide regular and timely reports to Polaris Industries, Inc., detailing the performance, valuation, and any changes made to the assets held in trust. It may also specify the frequency and format of the reports. 3. Trustee's Fee and Compensation: This section enumerates the fees and compensation structure payable to Fidelity Management Trust Company for their services rendered as the trustee. It may include details about the base fee, additional charges for specific activities, and any performance-based incentives. 4. Trust Termination and Amendment: This clause outlines the conditions under which the trust agreement may be terminated, modified, or extended. It may specify the required majority or consent needed to make such changes and the process to be followed. 5. Dispute Resolution: This provision defines the mechanism for resolving potential disputes or disagreements between the parties. It may stipulate the use of mediation, arbitration, or litigation in case of any conflicts arising from the implementation or interpretation of the trust agreement. By carefully drafting and executing the Kings New York Second Amendment to Trust Agreement, Polaris Industries, Inc. and Fidelity Management Trust Company can establish a robust framework to ensure the effective management of assets held in trust. This agreement enables both parties to foster a strong working relationship while safeguarding the interests and objectives of Polaris Industries, Inc. as the trust settler and Fidelity Management Trust Company as the trustee.
Kings New York Second Amendment to Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Company
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