Trustee Authority. Subject to Section 2.2 of the Trust, if the Employer has appointed a group of 2 or more individuals to act as Trustee of the Plan, the Trustee may be bound by:
Trustee Authority. 1. Any Trustee may appoint an “Attorney-in-Fact” and delegate to such agent the exercise of all or any of the powers conferred upon a Trustee and may at pleasure revoke such appointment. Any such appointment shall be made by a written, acknowledged instrument.
Trustee Authority. The plan shall provide benefits for hospitalization, medical, dental, vision, and prescription drugs, as provided by present policies in accordance with terms and provisions as agreed to by the Plan Trustees, with enrollment periods as provided in this Trust agreement. The purpose of the Trustees shall be to administer the Joint Insurance Health Plan Trust. The trustees shall contract for coverage solely for medical/hospitalization, dental, vision and prescription drugs. They shall examine the viability of continuing with self-insured programs and shall determine which, if any, coverage will be self-insured. The Third Party Administrator, Comprehensive Managed Care Administrator, Legal Counsel, and Independent Actuary shall be determined by the Trustees and shall be funded by the Trust. At the end of each plan year the Independent Actuary, in addition to determining the cost basis for the next ensuing year shall certify the unexpended trust fund monies as of the 120th day following the end of the plan year. Thereafter, not more than 30 days following the Actuary's report, all monies paid into the plan trust but unexpended for costs and claims incurred and paid for the previous year may be paid 50% to the plan participants and 50% to the Board of Education. This payment may only be made in the event that the Insurance Reserve is fully funded to the Independent Actuary’s current funding recommendation. The 50% payment to the participants shall be made by pro-rata distribution to all plan Participants employed at the end of the plan year, by individual checks issued by the Third Party Administrator to each such participant. The Trustees of the North Ridgeville Health Care Trust may determine that, due to extenuating circumstances, the financing of the Insurance Trust may be inadequate in order to continue the reasonable benefits of the Trust. At that point, representatives of the Board and Unions agree to meet to discuss such concern. If the Board and Unions agree that the Insurance Trust is a viable insurance plan through which reasonable insurance benefits can continue to be provided to employees, then the parties may discuss financial alternatives which would retain the Insurance Trust.
Trustee Authority. In the administration of the Retirement Plan, the Trustees are authorized and empowered:
Trustee Authority. (a) The Trustees are hereby empowered and authorized to invest the Trust Fund and to keep the Trust Fund invested, without distinction between principal and income, in any and all common stocks, preferred stocks, bonds, notes, debentures, mortgages, certificates of deposit, banker’s acceptance, equipment trust certificates, investment trust certificates, Insurance Company Contacts, savings bank deposits, commercial paper, real and personal property wherever situated, and in such other property, investments and securities, whether domestic or foreign, of any kind, class or character as the Trustees may deem suitable for the Trust Fund.
Trustee Authority. A. The Trustees enter into this MOA in accordance with the legal authorities provided to each Trustee by the Oil Pollution Act of 1990 (OPA), 33 U.S.C. §§ 2701 et seq.; Federal Water Pollution Control Act, 33 U.S.C. §§ 1251 et seq. (also known as the Clean Water Act); Park System Resource Protection Act, 16 U.S.C. § 19jj, (PSRPA), Oil Spill Prevention and Response Act of 1991 (OSPRA), Texas Natural Resources Code Ch. 40; and any other applicable Federal and State laws, rules and regulations, including the OPA NRDA Regulations at 15 C.F.R. pt. 990; Subpart G of the National Oil and Hazardous Substances Contingency Plan at 40 C.F.R. §§ 300.600–300.615; and OSPRA Rules at 31 Texas Administrative Code Ch. 20.
Trustee Authority. Except as otherwise expressly provided, all successor Trustees upon commencing to serve as Trustee shall immediately become vested with all the rights, titles, powers (including discretionary powers), and obligations, with like effect as if named as an initial Trustee. Where this Trust Agreement states that the Trustees “shall” perform an act, the Trustees are required to perform that act. Where this Trust Agreement states that the Trustees “may” do an act or Trustees are “authorized” to act, the Trustees are expressly permitted or authorized to do the act described, and their decision to do or not to do the act shall be made in the Trustees’ sole discretion in the exercise of their fiduciary powers and duties. The decision of the Trustees as to all discretionary actions and decisions shall be conclusive and binding on all persons.
Trustee Authority. Subject to Section 2.2 of the Trust, if the Employer has appointed a group of 2 or more individuals to act as Trustee of the Plan, the Trustee may be bound by a majority of those individuals unless the Employer elects otherwise. [X] a. Plan Provision - Act by the Majority. [ ] b. The Trustee shall be bound by the act of any ___ (insert number) of individuals acting in the capacity of the Trustee. [ ] c. Not Applicable (See Attached Trust). The name, address and telephone number of the Plan Sponsor is: DATAIR Employee Benefit Systems, Inc. 735 N. Cass Ave Westmont, IL 60559 (630) 325-2600 Applicable requirxxxxxx xxxxxxx that the use of this Xxxxxxxxx Xxxument be registered by the Plan Sponsor with the Internal Revenue Service. Unregistered use may cause the Plan to become disqualified because it may not be maintained as required by law. If the Employer's Plan fails to attain or retain qualification, such plan will no longer participate in this Master/Prototype Plan and will be considered an individually designed plan. The Plan Sponsor will inform the Employer of any amendments made to the Plan or of the discontinuance or abandonment of the Plan.
Trustee Authority. [TEXT OMITTED FOR DEMO PURPOSES]
Trustee Authority. (1) Subject to state law, a Trustee may appoint an Attorney-in-Fact (“Power of Attorney”) and delegate to such agent the exercise of all or any of the powers conferred upon a Trustee.
