Common use of Discretionary Trustee Clause in Contracts

Discretionary Trustee. The Trustee has discretion to invest Plan assets. This discretion is limited to the extent Participants are permitted to give investment direction, or to the extent the Trustee is subject to direction from the Plan Administrator, the Employer, an Investment Manager or other Named Fiduciary.

Appears in 6 contracts

Samples: 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\), 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\), Defined Contribution Plan and Trust (National Penn Bancshares Inc)

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Discretionary Trustee. The Trustee has discretion to invest Plan assets. This discretion is limited to the extent Participants are permitted to give investment direction, or to the extent the Trustee is subject to direction from unless specifically directed otherwise by the Plan Administrator, the Employer, an Investment Manager or other Named FiduciaryFiduciary or, to the extent authorized under the Plan, a Plan Participant.

Appears in 1 contract

Samples: Nonstandardized Profit Sharing/401(k) Plan Adoption Agreement

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