Powers and Duties of Trustees. Section 3.1 General 6 Section 3.2 Investments 6 Section 3.3 Legal Title 7 Section 3.4 Issuance and Repurchase of Shares 7 Section 3.5 Borrow Money or Utilize Leverage 7 Section 3.6 Delegation; Committees 7 Section 3.7 Collection and Payment 8 Section 3.8 Expenses 8 Section 3.9 By-Laws 8 Section 3.10 Miscellaneous Powers 8 Section 3.11 Further Powers 8
Powers and Duties of Trustees. 3.1 General.. 5 3.2 Investments 5 3.3 Legal Title 5 3.4 Issuance and Repurchase of Shares 6
Powers and Duties of Trustees. 5 3.1 General......................................................5 3.2 Investments..................................................5
Powers and Duties of Trustees. Sec. 1. The Trustees shall have authority to control and manage the operation and administration of the Trust in accordance with applicable law.
Powers and Duties of Trustees. 3.1 General 10
Powers and Duties of Trustees. 3.1 General....................................................................8 3.2 Investments................................................................8 3.3
Powers and Duties of Trustees. Section 1 General Rules/Named Fiduciaries The Board of Trustees shall be the “named fiduciaries” required by ERISA. Other persons shall be fiduciaries only to the extent they have discretionary authority or discretionary control respecting management of the Trust or Plan; or exercise any authority or control respecting management or disposition of Trust assets; or have any discretionary authority or discretionary responsibility in the administration of the Plan; or render investment advice for a fee or other compensation, direct or indirect, or have any authority or responsibility to do so. Any person or group of persons may serve in more than one fiduciary capacity with respect to the Plan and Trust. It is not intended that any attorney, accountant, broker, actuary, office personnel or consultant (other than an Investment Manager) shall be a “fiduciary” simply as a result of performing service for the Trust pursuant to agreement with the Board. Therefore, such persons shall not perform acts of the type set forth above which would make them fiduciaries except as specifically authorized by the Board.
Powers and Duties of Trustees. 8.1 The Trustees shall have, in addition to all other powers available to them by law, the following powers:
Powers and Duties of Trustees. (a) Company contributions to each employee’s Supplemental Income Account will be paid to the Trustee at the end of each accounting month. The Trustee will hold such contributions and interest earned thereon as a separate trust estate for the exclusive benefit of each such employee.
