William A. and Gayle T. Cook, Donors - Page 5




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          been paid to the grantor if the grantor had survived the                    
          remainder of the 5-year term of the GRAT.  Upon the earlier of              
          the expiration of the 5-year term or the death of the grantor’s             
          spouse, the remaining trust assets will be used to establish a              
          separate trust for the grantor’s son.                                       
               Mr. Cook’s 1993 GRAT provides that Mrs. Cook would have                
          certain powers to appoint income and principal of the GRAT to and           
          among the grantor’s son, Carl, members of his family, “and                  
          Charities”, but that any exercise of such powers would not take             
          effect unless Mr. Cook survived the term of the GRAT.  Mr. Cook’s           
          1993 GRAT also provides that Mrs. Cook would have certain powers            
          of appointment with respect to the income and principal of the              
          CMAT, but the GRAT mandates that no distributions may be made               
          from the CMAT to any other person during the life of Mrs. Cook.             
               Mrs. Cook’s 1993 GRAT provides that Mr. Cook would have                
          certain powers of appointment with respect to the income and                
          principal of the CMAT, but the GRAT also states that no                     
          distributions may be made from the CMAT to any other person                 
          during the life of Mr. Cook.                                                
               Each of the 1993 GRAT’s is irrevocable in all respects                 
          except that the grantor retains the right to revoke the                     
          designation of his or her spouse as the successor annuitant.  If            










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Last modified: May 25, 2011