Directed Trustee only Sample Clauses

The 'Directed Trustee only' clause defines the trustee's role as being strictly limited to following the explicit instructions of another party, typically a trust protector or the beneficiaries. In practice, this means the trustee does not exercise independent discretion over trust assets or decisions, but instead acts solely on directions provided in accordance with the trust's terms. This structure ensures that control over trust management remains with the directing party, reducing the trustee's liability and clarifying responsibilities, which helps prevent disputes over decision-making authority.
Directed Trustee only. The Trustee may only invest Plan assets as directed by Participants or by the Plan Administrator, the Employer, an Investment Manager or other Named Fiduciary.