Common use of Administrator-Directed Disbursements Clause in Contracts

Administrator-Directed Disbursements. The Trustee shall make disbursements in the amounts and in the manner that the Administrator directs from time to time in writing. The Trustee shall have no responsibility to ascertain such direction's compliance with the terms of the Plan or of any applicable law or the direction's effect for tax purposes or otherwise; nor shall the Trustee have any responsibility to see to the application of any disbursement.

Appears in 7 contracts

Samples: Trust Agreement (Polaris Industries Inc/Mn), Trust Agreement (California Microwave Inc), Trust Agreement (FMC Corp)

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Administrator-Directed Disbursements. The Trustee shall make disbursements in the amounts and in the manner that the Administrator directs from time to time in writing. The Trustee shall have no responsibility to ascertain such direction's compliance with the terms of the Plan (except to the extent the terms of the Plan have been communicated to the Trustee in writing) or of any applicable law or the direction's effect for tax purposes or otherwise; nor shall the Trustee have any responsibility to see to the application of any disbursement.

Appears in 3 contracts

Samples: Master Trust Agreement (Fortune Brands Inc), Trust Agreement (Providian Financial Corp), Master Trust Agreement (Fortune Brands Inc)

Administrator-Directed Disbursements. The Trustee shall make disbursements in the amounts and in the manner that the Administrator directs from time to time in writing. The Trustee shall have no responsibility to ascertain such direction's ’s compliance with the terms of the Plan (except to the extent the terms of the Plan have been communicated to the Trustee in writing) or of any applicable law or the direction's ’s effect for tax purposes or otherwise; nor shall the Trustee have any responsibility to see to the application of any disbursement.

Appears in 3 contracts

Samples: Trust Agreement (Progressive Corp/Oh/), Trust Agreement (Tech Data Corp), Trust Agreement (Hawaiian Electric Co Inc)

Administrator-Directed Disbursements. The Trustee shall make ------------------------------------ disbursements in the amounts and in the manner that the Administrator directs from time to time in writing. The Trustee shall have no responsibility to ascertain such direction's compliance with the terms of the Plan (except to the extent the terms of the Plan have been communicated to the Trustee in writing) or of any applicable law or the direction's effect for tax purposes or otherwise; , nor shall the Trustee have any responsibility to see to the application of any disbursement.

Appears in 2 contracts

Samples: Trust Agreement (FMC Technologies Inc), Trust Agreement (FMC Corp)

Administrator-Directed Disbursements. The Trustee shall make disbursements in the amounts and in the manner that the Administrator directs from time to time in writing. The Trustee shall have no responsibility to ascertain such direction's ’s compliance with the terms of the Plan (except to the extent the terms of the Plan have been communicated to the Trustee in writing) or of any applicable law or the direction's ’s effect for tax purposes or otherwise; , nor shall the Trustee have any responsibility to see to the application of any disbursement.

Appears in 1 contract

Samples: Trust Agreement (FMC Technologies Inc)

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Administrator-Directed Disbursements. The Trustee shall make disbursements and distributions in the amounts and in the manner that the Administrator directs from time to time in writing. The Trustee shall have no responsibility to ascertain such direction's compliance with the terms of the Plan (except to the extent the terms of the Plan have been communicated to the Trustee in writing) or of any applicable law or the direction's effect for tax purposes or otherwise; nor shall the Trustee have any responsibility to see to the application of any disbursement.

Appears in 1 contract

Samples: Trust Agreement (Omnicom Group Inc)

Administrator-Directed Disbursements. The Trustee shall make disbursements in the amounts and in the manner that the Administrator directs from time to time in writing. The Trustee shall have no responsibility to ascertain such direction's compliance with the terms of the Plan (except to the extent the terms of the plan have been communicated to the Trustee in writing) or of any applicable law or the direction's effect for tax purposes or otherwise; nor shall the Trustee have any responsibility to see to the application of any disbursement.

Appears in 1 contract

Samples: Trust Agreement (Sybase Inc)

Administrator-Directed Disbursements. The Trustee shall make ------------------------------------ disbursements in the amounts and in the manner that as provided by the Administrator directs from time Plan as communicated by the Sponsor to time in writingthe Trustee and consistent with the terms of the Plan Administrative Manual. The Trustee shall have no responsibility to ascertain such direction's compliance with the terms of the Plan or of any applicable law or the direction's effect for tax purposes or otherwise; nor shall the Trustee have any responsibility to see to the application of any disbursement.

Appears in 1 contract

Samples: Trust Agreement (Lyondell Chemical Co)

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