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HomeMy WebLinkAbout2473 duties on those conferred upon the Trustees hereunder , and upon acceptance of such ap- pointment by a successor or an additional Trustee or Trustees, the removed successor Trustee and the continuing Trustee, if any, the funds and properties then constituting the Trust Fund. The resigned or removed Trustee ~s authorized, however, to reserve such sum of money as he may deem advisable for payment of fees and expenses in connection with the settlement of his account, if such settlement be necessary or otherwise. Any balance of such reserve remaining after the payment of such fees and expenses shall be paid over to the continuing Trustee, if any, and the successor Trustee. ~ Payments only 11.09 The Trustees shall pay all amounts payable ~ to Participants , pursuant to the Plan only to Participants and or Beneficiaries beneficiaries, and no payments shall be made . ~ into the hands of any other person or corpora- _ , tion whatsoever except an Employer, so that ; Fund cannot be said payments may not be liable for the debts, ° attached by contracts or engagements of any such designated } creditors _ person or persons, or taken in execution by ~ attachment or garnishment or by any othet legal ; or equitable preceedings, nor shall any such ~ designated person or persons have any right to ~ Fund cannot be alienate, arbitrate, execute, pledge, encumber ~ used as collateral or assign any such payments or the benefits, Ei ~ by a Participant proceeds or avails thereof, except to an Em- ployer. If the person entitled to receive ~ Payments to an payments be a minor or a person of unsound mind, ~ incompetent whether or not adjudicated incompetent, the ~ Trustees, upon direction of the Committee, may make such payments so such person or persons, ~ corporation or corporations as may be or be acting as parent or legal or natural guardian ~ of, such infant or person of unsound mind. The = receipt of such persori or corporation shall be s=~ a full and complete discharge to the Trustee for any such payments. ,r (23) - - ~ - ~ ~ ~ s~ ' , ~ 224 F~~~~247~ , ~ ~ ~ ti = - - ~ ~ ~ ~ r t~ z'~ y` ~ 4 r.~~-. r. ~ .ar~^ ~"'i-°~ "Zu. ~ --s~` , `5"<" i'~.c~`~z__.. , e ~ . _ w.