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.

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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

A Trustee is a Discretionary Trustee to the extent the Trustee has exclusive authority and discretion with respect to the investment, management or control of Plan assets.
The Trustee may be a Discretionary Trustee or a Directed Trustee.
The Trustee identified in the Trustee Declaration under the Agreement shall act either as a Discretionary Trustee or as a Directed Trustee, as identified under the Agreement.
A Trustee is a Discretionary Trustee to the extent the Trustee has exclusive authority and discretion to invest, manage or control the Plan assets without direction from any other person.
A Discretionary Trustee has exclusive authority and discretion with respect to the investment, management or control of Plan assets.
Notwithstanding a Trustee’s designation as a Discretionary Trustee, a Trustee’s discretion is limited, and the Trustee shall be considered a Directed Trustee, to the extent the Trustee is subject to the direction of the Plan Administrator, the Employer, or a properly appointed investment manager under an agreement between the Plan Administrator and the Trustee.
Notwithstanding a Trustee’s designation as a Discretionary Trustee, a Trustee’s discretion is limited, and the Trustee shall be considered a Directed Trustee, to the extent the Trustee is subject to the direction of the Plan Administrator, the Employer, a properly appointed Investment Manager, or a Named Fiduciary under an agreement between the Plan Administrator and the Trustee.
A Trustee that is designated as a Discretionary Trustee in the Adoption Agreement, accepts such designation by executing the Adoption Agreement, and thereby enters into an agreement with the Employer whereby the Trustee and not the Employer will select the appropriate investments for all or a portion of the Plan in accordance with the Plan's policies and procedures and will perform such other tasks as agreed between the Trustee and Employer.
The Trustee may act either as a Directed Trustee or as a Discretionary Trustee, as designated in the Trust Declaration.
In this case, the BOA has appointed Benefit Trust Company (“BTC”) as Discretionary Trustee and Trust Fund custodian, who may further designate and delegate any corresponding Investment Manager responsibilities as set forth below.

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. 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. Means any judgment, decree, or order (including approval of a property settlement agreement) that: