HomeMy WebLinkAbout2229 person or firm qualified to make such determination and infor-
mation received from the employer and employeea as to eliqibility,
retirement, aqe, termination of employment, et ceters. Revis-
ions in such estimate shall be made if necessary to take into
account events on or before the anniversary date. To the extent
that the employer'~ contribution will be required to pay pre-
miums on contracts the contribution shall be macle in time to en-
able the trustee to pay such premiums when due or during any app-
licable grace period, and the full annual contributian shall
be r.lade not later than 75 days af ter the close of the employer' s
~ fiscal year. To the extent that business necessity renders the
employer unable to pay its full contribution as so determined, the
trustee shall use whatever air,ount is paid by the eriployer, first,
to pay nr~miu,-~s due on contracts held and to be acquireci by the
trustee, with any balance to be adc~ed to the auxiliary fund. If
such current contribution shall be insufficient to pay sueh premiu~s
, the trustee, at the direction of the employer, shall take such
~ action as the employer shall have determined is agpropriate to
I reserve the interests of the
p participants in contracts held for
I
~ their henefit and, if possible, continue the plan.
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VI. T~RUST PROVISIU~IS.
" 1. Contributions to Trust Fund. All cash contribu-
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~ tions tendered to the trustee by the er.zployer, and all contribu-
tions of property other than cash which the e~~ployer may approve
and to which Lhe trustee does not object, the trustee ayrees to
acc~Ft and hcld ir~ *rust hereunder, tagether with inco;ae in re-
= spect thereof .
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~ CROOCtI i W~RD, A'1'1'ORYIEle AT IJ.~Y. IIALLNiDALE, !'LORIDA
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