Annuity Contracts. Notwithstanding any other provision of this Trust Agreement or the Plan to the contrary, the Administrator shall retain all discretionary power relating to any annuity contract acquired by or delivered to the Trustee. As directed by the Administrator, the Trustee will acquire, hold and dispose of annuity contracts, deliver the purchase price, and exercise any and all rights, privileges, options, and elections under those policies. The Trustee will be fully discharged with respect to any policy when it is delivered to the Administrator.
Appears in 4 contracts
Samples: Trust Agreement (Univision Communications Inc), Trust Agreement (Orion Capital Corp), Trust Agreement (Downey Financial Corp)
