HomeMy WebLinkAbout2235 S. Reliance on ADvice of Counsel, Et Cetera. The
trustee shall incur no liability for any action taken (or not taken)
in qood faith reliance on the aclvice of counsel, who may be
counsel for the employer, or, as to matters of fact, in good
faith reliarice on ttie representatior~ or certification of any
such fact by a person reasonably believed Uy the trustee to have
knowledge concerning the fact(s) so representQd or certified.
9. Trustee's Expenses. i::e employer agr~es to reim-
burse the trustee for reasonable exper.ses, incluc?in:~ attorneys'
feos, incurred in connection with the administration of tze tru~t
fund, and until reirt~bursed the trustee shall nave a lien therefor
upon the trust fund.
10. Records end Reports. The trustee snall keep such
records as may be necessary to administer tne plan and shall
render reports conczrning the plan anu trust fund to the er~plo~?-
er's Board ~f Directors at such times as may be requested ~y the
Board but in any event at lease once a year.
11. iaxes. All taxes of any kiad assessed in reapect
of the trust fund or incoine thereon s:~all bs paid by the trustee
~ from trust fund assets.
12. Successor Trustee (s) . The trustee ~r.ay resiqn on
thirty (30) ~ays notice to the employer, or, with the employer's
consent, on s~~ort~r notice. The zmployer may remove tt~e trustee
as of the er.ci o f any calendar auarter on thf ity ( 30 ) days notice .
If the office of trustee shall become vacant for ar;y reasen, the
employer shall appoint a successor trustee, or m~re than o.-~~
successors as co-trustees, who or which, upon the acceptance of
such a~pointment, snall have the riqhts anu powers of the oriqinal
~ trustee in wliom or which stiall vest ~itle to all assets included
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~ in the trust fncluding, without limitation thereto, any amour.ts
payable to tiie preaecessor trustee as compensation or in
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