Investment of Surplus Funds. To the extent that the Employer contributions specified above, com bined with favorable experience and effective administration, re xxxx in the accumulation of surplus funds, the Trustees are autho rized and instructed to invest such surpluses with the assistance of expert counsel and any interest or earnings from such invest ments shall be used to provide benefits and pay the administrative costs of the Fund.
Appears in 3 contracts
Samples: Retail Distribution Agreement, Retail and Education, Retail Distribution Agreement
Investment of Surplus Funds. To the extent that the Employer contributions contri butions specified above, com bined combined with favorable experience and effective administrationadminis tration, re xxxx result in the accumulation of surplus sur plus funds, the Trustees are autho rized authorized and instructed to invest such surpluses with the assistance of expert counsel and any interest in terest or earnings from such invest ments investments shall be used to provide benefits and pay the administrative costs of the Fund.
Appears in 2 contracts
Samples: Distribution Agreement, Retail Distribution Agreement
