Investment of Trust Assets Sample Clauses

Investment of Trust Assets. Following approval of the Plan by stockholders of the Company and receipt of any other necessary regulatory approvals, the Trust shall purchase Common Stock of the Company in an amount equal to up to 100% of the Trust's cash assets, after providing for any required withholding as needed for tax purposes, provided, however, that the Trust shall not purchase more than 8,331 shares of Common Stock. The Trustee may purchase shares of Common Stock in the open market or, in the alternative, may purchase authorized but unissued shares of the Common Stock or treasury shares from the Company in an amount sufficient to fund the Plan Share Reserve.
Investment of Trust Assets. The assets held in the Trust Account shall be valued at their Fair Market Value as of the date as of which such assets are required to be valued. The assets that may be held in the Trust Account shall consist of cash, certificates of deposit issued by a U.S. bank and payable in U.S. dollars and investments of the type permitted by Connecticut Insurance Regulations Section Section 38a-88-6 and 38a-88-7 or any successor provision and all other Applicable Laws that would govern the permitted assets for the Trust Account; provided, that each such investment that is a security is issued by an institution that is not the parent, subsidiary or affiliate of either Reinsurer or Company, and (ii) such investments shall be managed in accordance with the investment guidelines as set forth on Exhibit C (the assets pursuant to this sentence being the "Eligible Assets").
Investment of Trust Assets. (a) Subject to the provisions of paragraph (b) below, until the Trustee has distributed all of the assets of the Trust in accordance with the terms hereof, the Trustee shall invest and reinvest such assets (without regard to any state law limiting the investment powers of fiduciaries) in such securities and other property as the Trustee deems advisable, considering the probable income (including capital appreciation potential) from any such investment, the probable safety of the assets of the Trust and, where appropriate, the rate of return at which the assets would have been invested on behalf of each Beneficiary under any applicable qualified defined contribution plan maintained by the Grantor. Within the limitations of the foregoing, the Trustee is specifically authorized to acquire, for cash or on credit, every kind of property, real, personal or mixed, and to make every kind of investment, specifically including, but not limited to, corporate and governmental obligations of every kind, preferred or common stocks, securities of any regulated investment company or trust, interests in common trust funds now or hereafter established by a corporate trustee, and property in which the Trustee owns an undivided interest in any other trust capacity. The Trustee is expressly authorized and empowered to purchase such insurance in its own name (and with itself as the beneficiary) as it shall determine to be necessary or advisable to advance best the purposes of the Trust and the interests of the Beneficiaries.
Investment of Trust Assets. Except as otherwise permitted by Section 8.02 of this Agreement, the Trustee shall initially invest all of the Trust's assets, after providing for any required withholding as needed for tax purposes, exclusively in Common Shares; provided, however, that the Trust shall not purchase a number of Common Shares equal to more than four percent (4%) of the number of Common Shares issued in connection with the Conversion. After such investment, the Common Shares shall be held by the Trustee in the Plan Share Reserve until such Common Shares are subject to one or more Awards. Any funds held by the Trust shall be invested by the Trustee in such accounts at the Association or elsewhere or such other instruments or investments as the Trustee shall determine to be appropriate.
Investment of Trust Assets. The Trust shall not purchase a number of Common Shares equal to more than 3% of the number of Common Shares issued in connection with the Conversion, except that if the Bank's tangible capital exceeds 10%, the Trust may purchase a number of Common Shares equal to up to 4% of the Common Shares issued in connection with the Conversion. After such investment, the Common Shares shall be held by the Trustee in the Plan Share Reserve until such Common Shares are subject to one or more Awards. Any funds held by the Trust, while not invested in Common Shares, shall be invested by the Trustee in such interest-bearing account or accounts at the Bank as the Trustee shall determine to be appropriate.
Investment of Trust Assets. The assets held in the Trust Account shall be valued at their Reinsurer Statutory Book Value (including investment income due and accrued). The assets that may be held in the Trust Account shall consist of cash and investments consistent with the investment guidelines as set forth on Exhibit C (the assets pursuant to this sentence being the “Eligible Assets”).
Investment of Trust Assets. (a) The assets held in the Reinsurance Trust Account (the “Trust Assets”) shall consist of Eligible Assets.
Investment of Trust Assets. The Trustee shall invest in the FMC Stock, -------------------------- Harsco Stock, Fixed Income or Equity Fund all amounts which are paid to it with respect to the Plan, less the amount of any administrative expenses payable out of the Trust Fund under Subsection 13(d) above. Company Contributions shall be invested in the FMC Stock Fund, and dividends or other earnings attributable thereto shall be allocated and credited pro rata to shares held by the Participant. Employee-Elected Company Contributions shall be invested in the FMC Stock, Harsco Stock, Fixed Income, or Equity Fund pursuant to the directions of the Participants as conveyed to the Trustee by the Company. Interest, dividends, other earnings, and proceeds from sales attributable to the Fixed Income Fund and the Equity Fund shall be reinvested in the Fixed Income Fund and the Equity Fund, respectively. The Trustee shall invest the Fixed Income Fund and the Equity Fund as directed by UDLP, except that (1) the Fixed Income Fund shall be invested and reinvested only (A) in guaranteed income contracts and similar products, if any, guaranteeing repayment of principal in full together with interest at a fixed or fixed minimum rate, whether issued by an insurance company or other financial institution, (B) securities issued or guaranteed by the United States of America or any agency or instrumentality thereof, or, (C) pending investment in the contracts or securities described in (A) and (B), in any of the debt obligations described in the following sentence, and (2) the Equity Fund shall be invested and reinvested only in shares of mutual funds registered