Common use of Trustee Authority Clause in Contracts

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:

Appears in 6 contracts

Samples: Volume Submitter Adoption Agreement, Volume Submitter Adoption Agreement, Adoption Agreement

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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 Plan may be bound by:by a majority of those individuals unless the Employer elects otherwise.

Appears in 3 contracts

Samples: Adoption Agreement, Volume Submitter Adoption Agreement, Adoption Agreement

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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. Not Applicable (See Attached Non-DATAIR Trust) ☐ b. The act of the majority.

Appears in 1 contract

Samples: Adoption Agreement

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