Additional Powers of Trustee. (a) To the extent necessary or which it deems appropriate to implement its powers under Section 5 or otherwise to fulfill any of its duties and responsibilities as Trustee of the Trust, the Trustee shall have the following additional powers and authority:
Additional Powers of Trustee. Subject to the provisions of Section 4.1, the Trustee shall have the following additional powers and authority with respect to all property constituting a part of the Trust Fund:
Additional Powers of Trustee. In addition, the Trustee is hereby authorized:
Additional Powers of Trustee. Subject to the express limitations contained herein, the Trustee shall have, and may exercise with respect to the Trust Estate, or any part thereof, and in the administration and distribution of the Trust Estate, all powers now or hereafter conferred on trustees by the Texas Trust Code. The powers conferred by this Section in no way limit any power conferred on the Trustee by any other Section hereof but shall be in addition thereto; provided, always, that the powers conferred by this Section are conferred and may be exercised only and solely within the limitations and for the limited purposes imposed and expressed in Section Two hereof.
Additional Powers of Trustee. 9 SECTION 5 Establishment and Maintenance of Participant Schedule....... 11 5.1
Additional Powers of Trustee. In addition to and not in limitation of such powers as the Trustee has by law or under any other provisions of the Plan and this Agreement, but subject to the provisions of this Agreement and the requirements of applicable law, the Trustee will have the powers specified in this Section 3.1. As provided herein, the Trustee will exercise such powers concerning investments or other discretionary actions only as a directed Trustee, and will not be liable or
Additional Powers of Trustee. 6 2.3 Dealings with Trustee............................... 8 ARTICLE III Information to be Furnished to Trustee....................... 8 3.1 About the Arrangements.............................. 8 3.2 About the Employees................................. 8
Additional Powers of Trustee. Subject to the provisions of Section 2.1, the Trustee shall have the following additional powers and authority with respect to all property constituting a part of the Trust Fund: (a) To purchase securities or any other kind of property and to retain such securities or other property, regardless of diversification and without being limited to investments authorized by law for the investment of trust funds. (b) Subject to Article IV hereof, to sell, exchange or transfer any such property at public or private sale for cash or on credit and grant options for the purchase or exchange thereof, provided that, with respect to any sale of shares of Company Stock (other than pursuant to Article IV hereof, and excluding any distribution of Company Stock made pursuant to this Trust Agreement), such shares shall first be offered for sale to the Company before being sold to one or more third parties. (c) Subject to Article IV hereof, to participate in any plan of reorganization, consolidation, merger, combination, liquidation or other similar plan relating to any such property, and to consent to or oppose any such plan or any action thereunder, or any contract, lease, mortgage, purchase, sale or other action by any corporation or other entity any of the securities of which may at any time be held in the Trust Fund, and to do any act with reference thereto. (d) To deposit cash or any Trust assets other than Company Stock with any protective, reorganization or similar committee; to delegate discretionary power to any such committee; and to pay part of the expenses and compensation of any such committee and any assessments levied with respect to any property so deposited. (e) To exercise any conversion privilege or subscription right available in connection with any such property, and to do any act with reference thereto, including the
Additional Powers of Trustee. (a) To the extent necessary or which it deems appropriate to implement its powers under Section 5 or otherwise to fulfill any of its duties and responsibilities as Trustee of the Trust, the Trustee shall have the following additional powers and authority: (1) To register securities, or any other property, in its name or in the name of any nominee, including the name of any affiliate or the nominee name designated by any affiliate, with or without indication of the capacity in which property shall be held, or to hold securities in bearer form and to deposit any securities or other property in a depository or clearing corporation;
Additional Powers of Trustee. 14 5.5 Limitations on Powers of Trustee to Deal with Trust in Non-Fiduciary Capacity ....................................15
