Common use of Employer Stock Clause in Contracts

Employer Stock. The Trustee may invest up to 100% of the Trust Fund in the common stock, debt obligations, or any other security issued by the Employer or by an affiliate of the Employer within the limitations provided under Section406, Section407, and Section408 of ERISA provided that such investment does not constitute a prohibited transaction under Code Section4975. Any such investment will only be made upon written direction of the Employer who will be solely responsible for the propriety of such investment.

Employer Stock. The Trustee may invest up to 100% of the Trust Fund in the common stock, debt obligations, or any other security issued by the Employer or by an affiliate of the Employer within the limitations provided under Section406Section 406, Section407Section 407, and Section408 Section 408 of ERISA provided that such investment does not constitute a prohibited transaction under Code Section4975Section 4975. Any such investment will only be made upon written direction of the Employer who will be solely responsible for the propriety of such investment.