Legal Defense Fund. The Trustee shall establish within the Trust a separate fund, hereinafter referred to as the Legal Defense Fund. The Legal Defense Fund shall consist of the portion of the Company’s contributions to the Trust that represent the Legal Defense Fund Amount, or are otherwise designated for the Legal Defense Fund in writing at the time of contribution, together with all income, gains and losses and proceeds from the investment, reinvestment and sale thereof, less all payments therefrom and expenses charged thereto in accordance with the provisions of this Article. The Legal Defense Fund shall be held and administered by the Trustee for the purpose of defraying the costs and expenses incurred by Participants and beneficiaries associated with the enforcement of their rights under the Plans by litigation or other legal action and the Trustee in performing its duties under this Article. The Legal Defense Fund shall be maintained and administered as a separate segregated account, provided, however, that the assets of the Legal Defense Fund may be commingled with all other assets of the Trust solely for investment purposes.
Legal Defense Fund. Claims Against the Trustee or the Trust.
Legal Defense Fund. The Trustee shall establish a separate account (the ------------------ "Legal Defense Fund") to provide for the payment of legal expenses and liabilities incurred by the Trustee with respect to which it is entitled to reimbursement under Sections 10.3 and 10.4, or for which a Plan Participant is entitled to reimbursement under Section 10.5, and to protect Plan Participants' rights to benefits after a Change in Control. Upon a Potential Change in Control, the Company shall contribute cash to the Legal Defense Fund in an amount equal to the greater of ten percent (10%) of the Required Funding Amount (or a reasonable estimate thereof) and $5,000,000 (the "Legal Defense Fund Amount"). The Legal Defense Fund shall not be used to pay benefits due under any Plan.
Legal Defense Fund. The County recognizes that sworn members of the bargaining unit may participate individually in the IBT "Team Legal" defense fund through employee payroll deduction.
Legal Defense Fund. The Trustee shall establish a separate account (the "Legal Defense Fund") to provide for the payment of legal expenses and liabilities incurred by the Trustee with respect to which it is entitled to reimbursement under Section 10.3 and 10.4 and to protect Plan Participants' rights to benefits after a Potential Change in Control or Change in Control of the Company. The Company shall contribute cash to the Legal Defense Fund with the Required Funding Amount in an amount equal to ten percent (10%) of the Required Funding Amount. The Legal Defense Fund shall not be used to pay benefits due under any Plan. Following a Potential Change in Control or Change in Control of the Company, the Trustee shall pursue all claims for benefits by individual Plan Participants against the Company, other than those which the Trustee reasonably believes to be frivolous, and shall not compromise or settle any such claim, unless approved by the affected Plan Participants.
Legal Defense Fund. (a) The Trustee shall establish within the Trust Fund a separate fund, hereinafter referred to as a "Legal Defense Fund." The Legal Defense Fund shall consist of such portions of the contributions to the Trust as the Company shall specify in writing at the time of contribution, together with all income, gains and losses and proceeds from the investment, reinvestment and sale thereof, less all payments therefrom and expenses charged thereto in accordance with the provisions of this Section 13. Subject to Section 3, the Legal Defense Fund shall be held and administered by the Trustee for the purpose of defraying the costs and expenses incurred by Participants and beneficiaries associated with the enforcement of their rights under any Plan by litigation or other legal action and the Trustee in performing its duties under this Section. Upon the initial contribution ("Legal Defense Fund Date") by the Company designated as constituting a part of the Legal Defense Fund, the portion of this Trust so designated, together with earnings allocable thereto, shall be held exclusively for use of the Legal Defense Fund for a period of not less than five years from the Legal Defense Fund Date ("Legal Defense Fund Period"). At each anniversary of the Legal Defense Fund Date, the Legal Defense Fund Period shall be extended for an additional year unless the Board has determined in good faith and the Trustee concurs in writing, that (i) no Change of Control has occurred or if such an event has occurred all Liabilities have been satisfied, (ii) at that time there is no Potential Change in Control Period, and (iii) if the Trust has become irrevocable pursuant to Section 1(b), all Liabilities have been satisfied.
Legal Defense Fund. The Village shall be responsible for paying the Teamsters Legal Defense fund for each officer. Such payment shall not exceed $7.50 per month. Any amount due to the Legal Defense Fund in excess of $7.50/month shall be the responsibility of the officer.
Legal Defense Fund. The Association shall take steps periodically necessary to insure that all eligible members of the Department are enrolled as participants for benefits and coverage provided by the Legal Defense Fund of the Peace Officers Research Association of California. Eligible members include all sworn regular police officers and reserve officers, including police supervisors and command level police executives who are sworn Oregon police officers, as well as non-sworn public safety employees as defined in the Summary Plan Description of the PORAC Legal Defense Fund. The City will reimburse the Association, as invoiced monthly to the City, for the full monthly premium cost for each eligible employee.
Legal Defense Fund. Employees covered by this Agreement are authorized to enroll as members of the Legal Defense Fund sponsored by the Massachusetts Police Association provided the Town’s cost shall not exceed two hundred fifty dollars ($250) per year for each eligible employee. The employee is responsible for filing all the necessary information required by the Legal Defense Fund to establish employee coverage.
Legal Defense Fund. The City shall contribute to Stockton Police Officers' Association not to exceed the amount of Two Dollars and No Cents ($2.00) per month per member for the purchase of legal defense insurance.
