Common use of Allocation and Delegation of Fiduciary Responsibilities Clause in Contracts

Allocation and Delegation of Fiduciary Responsibilities. The Trustees may, by resolution or by-law or by provisions of this Trust Agreement, allocate fiduciary responsibilities and various administrative duties to committees or subcommittees of the Board of Trustees, and they may delegate such responsibilities and duties to other individuals as they may deem appropriate or necessary in their sole discretion and consistent with the Act.

Allocation and Delegation of Fiduciary Responsibilities. The Trustees may, by resolution or by-law or by provisions of this Trust Agreement, may allocate fiduciary responsibilities and various administrative and other duties to committees or subcommittees of the Board of Trustees, and they may delegate or allocate such responsibilities and duties to one or more Trustees or other individuals as they may deem appropriate or necessary persons, in their sole discretion and consistent with discretion, to the extent permitted by the Act. Such allocation or designation shall be by resolution at a meeting, or by written instrument approved by the Trustees.

Allocation and Delegation of Fiduciary Responsibilities. The Trustees may, by resolution or by-law law, or by provisions of this Trust Agreement, allocate fiduciary responsibilities and various administrative duties to committees or subcommittees of the Board board of Trustees, and they may delegate such responsibilities and duties to other individuals as they may deem appropriate or necessary in their sole discretion and consistent with the Actapplicable law.