Administrative Powers of Trustee. The Trustee shall have the power in its discretion:
Administrative Powers of Trustee. 2.06-1 Subject in all respects to applicable provisions of this Trust Agreement and the Plan, including limitations on investment of the trust fund, the Trustee shall have the rights, powers and privileges of an absolute owner when dealing with property of the trust, including (without limiting the generality of the foregoing) the powers listed below:
Administrative Powers of Trustee. Subject to the Grantor’s right pursuant to Section 4.6 to direct investment of the Trust Fund in Eligible Securities, the Trustee shall have the power, to do any of the following:
Administrative Powers of Trustee. Except to the extent that authority with respect to the administration of the Trust has been allocated to others in accordance with this Trust Agreement and subject to Sections 5 and 7, the Trustee shall have exclusive authority and discretion to manage and administer the Trust. The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims, provided, however, the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by Alliant which is contemplated by, and in conformity with, the terms of the Plan or this Trust Agreement and is given in writing by Alliant. In the event of a dispute between Alliant and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute. The responsibility for maintenance of individual benefit records shall be retained by Alliant, and may be delegated to such person or entity as Alliant may employ from time to time. Except as otherwise provided herein, the Trustee shall have, without exclusion, all powers conferred on trustees by law and, without limiting the foregoing, shall have the following administrative powers, rights, and duties in addition to those provided elsewhere in this Trust Agreement:
Administrative Powers of Trustee. PAGE 20 UMBRELLA TRUST(TM) FOR EXECUTIVES
Administrative Powers of Trustee. 6 3.5 Dealings with Trustee........................................... 6 3.6
Administrative Powers of Trustee. The Trustee shall be further authorized and empowered, in its discretion, to exercise any and all of the following rights, powers and privileges with respect to the Trust Fund:
Administrative Powers of Trustee. The Trustee shall have the power in its discretion: (a) Except as otherwise provided pursuant to the terms of this Agreement, to exercise all voting rights with respect to the shares of stock, including Nova Stock, held in the Trust Fund and to grant proxies, discretionary or otherwise; (b) To cause any shares of stock to be registered and held in the name of one or more of its nominees, or one or more nominees of any system for the central handling of securities, without increase or decrease of liability; (c) To collect and receive any and all money and other property due to the Trust Fund and to give full discharge therefor; (d) To settle, compromise, or submit to arbitration any claims, debts or damages due or owing to or from the Trust; to commence or defend suits or legal proceedings whenever, in its judgment, any interest of the Trust requires it; and to represent the Trust in all suits or legal proceedings in any court of law or equity or before any other body or tribunal, insofar as such suits or proceedings relate to any property forming part of the Trust Fund or to the administration of the Trust Fund; and (e) To hold uninvested for not more than four business days, without liability for interest thereon, any moneys received by it until the same shall be invested or disbursed; (f) To determine how all receipts and disbursements shall be credited, charged or apportioned as between income and principal, and the decision of the Trustee shall be final and not subject to question by any beneficiary of the Trust; (g) To hold property of the Trust in its own name or in the name of a nominee or nominees, without disclosure of the Trust, or in bearer form so that it will pass by delivery, but no such holding shall relieve the Trustee of its responsibility for the safe custody and disposition of the Trust in accordance with the provisions of this Agreement. The Trustee's books and records shall at all times show that such property is part of the Trust and the Trustee shall be absolutely liable for any loss occasioned by the acts of its nominee or nominees with respect to securities registered in the name of the nominee or nominees; (h) To employ in the management of the Trust suitable agents, without liability, subject to subparagraph (g) above, for any loss occasioned by any such agents selected by the Trustee with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with...
Administrative Powers of Trustee. The Trustee shall have the power in its discretion -- (a) To cause any investment to be registered and held in the name of one or more of its nominees, or one or more nominees of any system for the central handling of securities, without increase or decrease of liability;
Administrative Powers of Trustee. 8 3.4 Summary of Plan and Trust Responsibilities.................9 ARTICLE IV: TRUST OBLIGATION TO PAY PLAN BENEFITS.......................12 4.1 Nature of Trust Beneficiaries' Interest...................12 4.2 Obligations...............................................12 4.3
