Common use of Appointment of Investment Manager Clause in Contracts

Appointment of Investment Manager. (a) The Committee may, in its discretion, appoint an investment manager (“Investment Manager”) to direct the investment and reinvestment of all or any portion of the Trust. Any such Investment Manager shall either (i) be registered as an investment adviser under the Investment Advisers Act of 1940, as amended (“Investment Advisers Act”); (ii) be a bank, as defined in the Investment Advisers Act; or (iii) be an insurance company qualified to perform investment services under the laws of more than one state.

Appears in 3 contracts

Samples: Trust Agreement (Five Below, Inc), Trust Agreement (MTC Technologies Inc), Trust Agreement (Quantum Fuel Systems Technologies Worldwide Inc)

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Appointment of Investment Manager. (a) The Committee may, in its discretion, appoint an investment manager ("Investment Manager") to direct the investment and reinvestment of all or any portion of the TrustTrust Fund. Any such Investment Manager shall either either: (i) be registered as an investment adviser under the Investment Advisers Act of 1940, as amended ("Investment Advisers Act"); (ii) be a bank, as defined in the Investment Advisers Act; or (iii) be an insurance company qualified to perform investment services under the laws of more than one state.

Appears in 2 contracts

Samples: Trust Agreement (Warwick Community Bancorp Inc), Trust Agreement (Warwick Community Bancorp Inc)

Appointment of Investment Manager. (a) The Committee Plan Administrator may, in its discretion, appoint an investment manager (“Investment Manager”) to direct the investment and reinvestment of all or any portion of the TrustTrust Fund. Any such Investment Manager shall either (i) be registered as an investment adviser under the Investment Advisers Act of 1940, as amended (“Investment Advisers Act”); (ii) be a bank, as defined in the Investment Advisers Act; or (iii) be an insurance company qualified to perform investment services under the laws of more than one state.

Appears in 1 contract

Samples: Trust Agreement (New North Penn Bancorp Inc)

Appointment of Investment Manager. (a) The Committee may, in its discretion, appoint an investment manager ("Investment Manager") to direct the investment and reinvestment of all or any portion of the TrustTrust Fund. Any such Investment Manager shall either either: (i) be registered as an investment adviser under the Investment Advisers Act of 1940, as amended ("Investment Advisers Act"); (ii) be a bank, as defined in the Investment Advisers Act; or (iiiii) be an insurance company qualified to perform investment services under the laws of more than one state.

Appears in 1 contract

Samples: Trust Agreement (Dime Community Bancshares Inc)

Appointment of Investment Manager. (a) a. The Committee may, in its discretion, appoint an investment manager (“Investment Manager”) to direct the investment and reinvestment of all or any portion of the Trust. Any such Investment Manager shall either (i) be registered as an investment adviser under the Investment Advisers Act of 1940, as amended (“Investment Advisers Act”); (ii) be a bank, as defined in the Investment Advisers Act; or (iii) be an insurance company qualified to perform investment services under the laws of more than one state.

Appears in 1 contract

Samples: Equifax Grantor Trust (Equifax Inc)

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Appointment of Investment Manager. (a) The Committee may, in its discretion, appoint an investment manager ("Investment Manager") to direct the investment and reinvestment of all or any portion of the Trustan Investment Fund. Any such Investment Manager shall either (i) be registered as an investment adviser under the Investment Advisers Act of 1940, as amended ("Investment Advisers Act"); (ii) be a bank, as defined in the Investment Advisers Act; or (iii) be an insurance company qualified to perform investment services under the laws of more than one state.

Appears in 1 contract

Samples: Trust Agreement (Big Foot Financial Corp)

Appointment of Investment Manager. (a) The Committee may, in its discretion, appoint an investment manager ("Investment Manager") to direct the investment and reinvestment of all or any portion of the TrustTrust Fund. Any such Investment Manager shall either (i) be registered as an investment adviser under the Investment Advisers Act of 1940, as amended ("Investment Advisers Act"); (ii) be a bank, as defined in the Investment Advisers Act; or (iii) be an insurance company qualified to perform investment services under the laws of more than one state.a

Appears in 1 contract

Samples: Trust Agreement (RFS Bancorp Inc)

Appointment of Investment Manager. (a) The Committee may, in its discretion, appoint an investment manager ("Investment Manager") to direct the investment and reinvestment of all or any portion of the TrustTrust Fund. Any such Investment Manager shall either (i) be registered as an investment adviser under the Investment Advisers Act of 1940, as amended ("Investment Advisers Act"); (ii) be a bank, as defined in the Investment Advisers Act; or (iii) be an insurance company qualified to perform investment services under the laws of more than one state.

Appears in 1 contract

Samples: Trust Agreement (Warwick Community Bancorp Inc)

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