Administrative Powers of Trustee. Subject to Grantor’s right pursuant to Section 4.6 to direct investment of the Trust Fund in Eligible Securities, the Trustee shall have the power to do any of the following: 4.11.1 To cause any investment to be registered and held in the name of one or more of its nominees, or one or more nominees of any system for the central handling of securities, without increase or decrease of liability; 4.11.2 To collect and receive any and all money and other property due to the Trust Fund and to give full discharge therefor; 4.11.3 To hold uninvested, without liability for interest thereon, such monies received by the Trustee as the Trustee considers necessary to meet anticipated and imminent disbursements.
Appears in 2 contracts
Samples: Indemnification Agreement (Microsoft Corp), Directors’ Indemnification Trust Agreement (Microsoft Corp)
Administrative Powers of Trustee. Subject to Grantor’s right pursuant to Section 4.6 to direct investment of the Trust Fund in Eligible Securities, the Trustee shall have the power to do any of the following:
4.11.1 4.10.1 To cause any investment to be registered and held in the name of one or more of its nominees, or one or more nominees of any system for the central handling of securities, without increase or decrease of liability;
4.11.2 4.10.2 To collect and receive any and all money and other property due to the Trust Fund and to give full discharge therefor;; and
4.11.3 4.10.3 To hold uninvested, without liability for interest thereon, such monies received by the Trustee as the Trustee considers necessary to meet anticipated and imminent disbursements.
Appears in 1 contract
Samples: Officers’ Indemnification Trust Agreement (Microsoft Corp)
Administrative Powers of Trustee. Subject to the Grantor’s right pursuant to Section 4.6 to direct investment of the Trust Fund in Eligible Securities, the Trustee shall have the power power, to do any of the following:
4.11.1 4.10.1 To cause any investment to be registered and held in the name of one or more of its nominees, or one or more nominees of any system for the central handling of securities, without increase or decrease of liability;
4.11.2 4.10.2 To collect and receive any and all money and other property due to the Trust Fund and to give full discharge therefor;; and
4.11.3 4.10.4 To hold uninvested, without liability for interest thereon, such monies received by the Trustee as the Trustee considers necessary to meet anticipated and imminent disbursements.
Appears in 1 contract
Samples: Officers’ Indemnification Trust Agreement (Microsoft Corp)
