PAYMENTS OUT OF THE TRUST Sample Clauses

PAYMENTS OUT OF THE TRUST. Subject to the payment of trustee and administration charges pursuant to Section 17, the Trustee shall irrevocably hold the Assets of the Plan for:
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PAYMENTS OUT OF THE TRUST. 3.1 - Payments 3.2 - Compensation and Expenses 3.3 - Return of Contributions to the Sponsor
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PAYMENTS OUT OF THE TRUST. 3.1- PAYMENTS The Trustee shall make payments from the Trust to such persons in such amounts and at such times as the Sponsor or the Administrator from time to time shall direct in writing to be payable under the Plan.
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PAYMENTS OUT OF THE TRUST 
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Related to PAYMENTS OUT OF THE TRUST

  • Management of the Trust The business and affairs of the Trust shall be managed by or under the direction of the Trustees, and they shall have all powers necessary or desirable to carry out that responsibility. The Trustees may execute all instruments and take all action they deem necessary or desirable to promote the interests of the Trust. Any determination made by the Trustees in good faith as to what is in the interests of the Trust shall be conclusive. In construing the provisions of this Declaration, the presumption shall be in favor of a grant of power to the Trustees.

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