A TRUSTEE Sample Clauses
The 'A TRUSTEE' clause defines the role, powers, and responsibilities of a trustee within a legal agreement, typically in the context of a trust arrangement. This clause outlines who may serve as trustee, the scope of their authority to manage trust assets, and the standards by which they must act, such as acting in the best interests of beneficiaries. By clearly delineating the trustee's duties and powers, the clause ensures proper administration of the trust and helps prevent disputes or mismanagement.
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A TRUSTEE. The death, declination, resignation, retirement, removal or incapacity of the Trustees, or any one of them, shall not operate to annul the Trust or to revoke any existing agency created pursuant to the terms of this Declaration of Trust.
A TRUSTEE. The death, ----------------------------------------------- resignation, retirement, removal, or mental or physical incapacity of the Trustees, or any one of them, shall not operate to annul or terminate the Trust or any Series hereunder or to revoke or terminate any existing agency or contract created pursuant to the terms of this Declaration, and until such vacancy is filled, the Trustees in office, regardless of their number, shall have all of the powers granted to the Trustees and shall discharge all the duties imposed upon them by this Declaration.
A TRUSTEE. (i) shall not be responsible for any act or omission, unless such act or omission of the Trustee is a breach of the fiduciary standards set forth in Section 4.08;
(ii) shall not be responsible for any act or omission of any accountant, counsel, or agent that is selected and monitored in accordance with the Trustee’s fiduciary duty pursuant to Section 4.08; and
(iii) shall not be responsible for any selection, decision, or instruction made by the Employer.
A TRUSTEE. The death, declination, resignation, retirement, removal, or incapacity of one or more Trustees, or all of them, shall not operate to annul the Trust or to revoke any existing agency created pursuant to the terms of this Declaration of Trust. Whenever a vacancy in the Board of Trustees shall occur, until such vacancy is filled as provided in Section 4.2, the Trustees in office, regardless of their number, shall have all the powers granted to the Trustees and shall discharge all the duties imposed upon the Trustees by this Declaration of Trust.