Discretionary Trustee definition

Discretionary Trustee means a Trustee who has the authority and discretion to invest, manage or control any portion of the Plan assets.

Discretionary Trustee means a trustee of any property over which any person has a power of appointment which was not created by will;

Discretionary Trustee means a trust structure whereby the Trustee will accept the delegation of investment duties and work as the sole authority in the selection, monitoring and disposition of Trust’s assets.

Examples of Discretionary Trustee in a sentence

• Notwithstanding any other provision of the Plan, the Employer, Administrator or Discretionary Trustee (or Insurer) reserves the right to not value an investment option on any given Valuation Date for any reason deemed appropriate by the Employer, Administrator or Discretionary Trustee (or Insurer).

• This Section applies if the Employer, in the Adoption Agreement or as otherwise agreed upon by the Employer and the Trustee, designates the Trustee to administer all or a portion of the trust as a Discretionary Trustee.

• The agreement appointing the Discretionary Trustee shall require the Discretionary Trustee to invest Trust assets in compliance with applicable laws, trust documents, and the written Investment Policy Statement (IPS).

• The Trustee may be a Discretionary Trustee or a Directed Trustee.

• The agreement appointing the Discretionary Trustee shall require the Discretionary Trustee document the specific duties and requirements of the parties involved in the investment process.

• There is no requirement to have the document certified by a government official, but the laws of the countries participating in NAFTA have, as required by the terms of the Agreement, been amended to make the issuance of a false certificate of origin by an exporter or manufacturer an offence subject to the same legal penalties as apply to an importer who makes a false import declaration.

• The Board shall require the Discretionary Trustee to manage Trust assets with the care, skill and diligence of a prudent person under California law.

• The Board shall prohibit the Discretionary Trustee from investing trust assets in its own proprietary investment products or those of its Registered Investment Advisor so as to avoid any potential conflicts of interest.

• The Board shall require the Discretionary Trustee to acknowledge, in writing, that it is a fiduciary to the Trust and to the Public Entity.

• The Board shall monitor the Discretionary Trustee to determine that Trust assets are diversified as directed by the Investment Policy Statement (IPS) and applicable laws.

More Definitions of Discretionary Trustee

Discretionary Trustee means a Trustee who has the authority and discretion to invest, manage or control any portion of the Plan assets without direction from any person or entity.

Discretionary Trustee means a Trustee who, under the terms of the Trust Agreement, has the discretionary authority to invest the Plan assets in one or more Investment Funds.

Discretionary Trustee. Means a Trustee that is designated as a Discretionary Trustee in the Adoption Agreement and enters into an agreement with the Adopting Employer whereby the Trustee and not the Adopting Employer will select the appropriate investments for the Fund in accordance with the Plan’s funding policy statement or will perform such other tasks identified in such agreement between the Trustee and Adopting Employer. DISTRIBUTION CALENDAR YEAR Means a calendar year for which a minimum distribution is required. For distributions beginning before the Participant’s death, the first Distribution Calendar Year is the calendar year immediately preceding the calendar year which contains the Participant’s Required Beginning Date. For distributions beginning after the Participant’s death, the first Distribution Calendar Year is the calendar year in which distributions are required to begin pursuant to Plan Section 5.05(D). The required minimum distribution for the Participant’s first Distribution Calendar Year will be made on or before the Participant’s Required Beginning Date. The required minimum distribution for other Distribution Calendar Years, including the required minimum distribution for the Distribution Calendar Year in which the Participant’s Required Beginning Date occurs, will be made on or before December 31 of that Distribution Calendar Year. DOMESTIC RELATIONS ORDER Means any judgment, decree, or order (including approval of a property settlement agreement) that: