Common use of Administrator Has Right to Vote Registered Investment Company Shares Clause in Contracts

Administrator Has Right to Vote Registered Investment Company Shares. The Administrator shall be entitled to vote proxies or exercise any shareholder rights relating to shares held on behalf of the Plan in a registered investment company. Notwithstanding, the authority to vote proxies and exercise shareholder rights related to such shares held in a Custom Fund is vested as provided otherwise in Section 16.

Appears in 12 contracts

Samples: Plan and Trust Agreement (Southdown Inc), Plan and Trust Agreement (Timken Co), La Gear Inc

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Administrator Has Right to Vote Registered Investment Company Shares. The Administrator shall be entitled entitled, but not required, to vote proxies or exercise any shareholder rights relating to shares held on behalf of the Plan in a registered investment company. Notwithstanding, the authority to vote proxies and exercise shareholder rights related to such shares held in a Custom Fund is vested as provided otherwise in Section 16.

Appears in 2 contracts

Samples: Roadway Services Inc, Caliber System Inc

Administrator Has Right to Vote Registered Investment Company Shares. The Administrator shall be entitled to vote proxies or exercise any shareholder rights relating to shares held on behalf of the Plan in a registered investment company. NotwithstandingNotwithstanding the foregoing, the authority to vote proxies and exercise shareholder rights related to such shares held in a Custom Fund is vested as provided otherwise in Section 16Subsection 16.5(b). Notwithstanding the foregoing, with respect to Company Stock Custom Funds, the Participants who have elected to participate in Company Stock Funds shall be entitled to vote proxies and exercise any shareholder rights to shares held in the Fund on their behalf.

Appears in 1 contract

Samples: Plan and Trust Agreement (Leggett & Platt Inc)

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Administrator Has Right to Vote Registered Investment Company Shares. The Administrator shall be entitled to vote proxies or exercise any shareholder rights relating to shares held on behalf of the Plan in a registered investment company. NotwithstandingNotwithstanding the foregoing sentence, the authority to vote proxies and exercise shareholder rights related to such shares held in a Custom Fund is vested as provided otherwise in Section 16.

Appears in 1 contract

Samples: New Nisource Inc

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