Emergencies and Delegation. (a) In case of an emergency, the Trustee may act in the absence of directions from any other person having the power and duty to direct the Trustee with respect to the matter involved and shall incur no liability in so acting.
Appears in 3 contracts
Samples: Trust Agreement (Itla Capital Corp), Corporation Rabbi Trust Agreement (Itla Capital Corp), Trust Agreement (Foundation Health Systems Inc)
Emergencies and Delegation. (a) In case of an emergencyemergency (as determined to exist by the Trustee in its sole discretion), the Trustee may act in the absence of directions from any other person having the power and duty to direct the Trustee with respect to the matter involved and shall incur no liability in so acting.
Appears in 1 contract
Samples: Trust Agreement (Hot Topic Inc /Ca/)
