The URL can be used to link to this page

Home My WebLink About2233 of the trust fund, (f) to settle, compromise or submit to arbitration disputes in which the trust may be interested, (g) to institute, nrosecute and defend judicial ~nd administrative proceedinRS, (h) to employ legal counsel (who may pa counsel for the e~ployer), a~tuaries and such other persons whose services the trustee may determine to be necessary or appropriate, (i) to exzrcise by proxy or otherwise voting riqhts in respect of secur- ities include~ in the trust fund, and to oppose, consent to, or otherwise participant in co~porate reor~anizations or other matters affectinq such securities, (j) to exercise or refrain from exer- cisinq conversion pr~vileqes, subscription rights, options and similar riqhts in respect of securities or other property includea in the trust fund, and (k) generally to do all such acts, take all such proceedinqs, and exarcise all such rights and privileqes, whetner or not specifically mentioned herein, as the trustee may determine to be necessar~?~to administer the trust fund and carry out the purposes of the trust. 6. Surrender and Conversion of Contracts and Distri- butions from Trust Fund. Upon receipt by the trustee of a written '~I - direction from the em~loyer, accompanied by a certificate ot its Board of Directors to the effect tha~ the direction is in accorc.- ~ ance witi~~the plan, the trustee shall surrender or distribute con-- ~ . tracts i~elu by it hereunder, exercise conversion or otiier privi- leges or rights and desi~nate anu change beneficiaries in respect thereof, and make distributions fromLtile auxiliary fund in respect of retired, deceased, disablea ar.d former partici~ants, all in such manner, in such amounts, for sucn purposes, ana to or for the benefit of such persons, as the ~r~ployer may direct, 5ut the trustee ~ stiall have no obTiqation to cor~nly with any direction to crake a ~ ~ distributior~ from the trust fund unless the value of the aseets in- ~ cluded therein shall be sufficient to make all ~uch distributions - -20- ~ ~ _ eooK204 r~~ ~ ~ _ - s,* i:~ ~ _ = m . ~ _ ~~'e~a: