REQUEST FOR INSTRUCTIONS. In addition to written instructions relating to valuation and except as otherwise provided in Section 8.20, at any time the Trustee may, by written request, seek written instructions from the Committee on any matter and may await such written instructions from the Committee without incurring any liability whatsoever. If at any time the Committee should fail to give written directions to the Trustee, the Trustee may act, and shall be protected in acting, without such written directions, in such manner as in its sole discretion seems appropriate and advisable under the circumstances for carrying out the purposes of the Trust.
Appears in 9 contracts
Samples: Trust Agreement (Union Community Bancorp), Employee Stock Ownership Plan And (Citizens Bancorp), Employee Stock Ownership Plan And (Third Century Bancorp)
