EMPLOYER DIRECTION OF INVESTMENT. The Employer has the right to direct the Trustee with respect to the investment and re-investment of assets comprising the Trust Fund only if the Trustee consents in writing to permit such direction. If the Trustee consents to Employer direction of investment, the Trustee and the Employer must execute a letter agreement as a part of this Plan containing such conditions, limitations and other provisions they deem appropriate before the Trustee will follow any Employer direction as respects the investment or re-investment of any part of the Trust Fund.
EMPLOYER DIRECTION OF INVESTMENT. The Employer has the right to direct the discretionary Trustee with respect to the investment and re-investment of assets comprising the Trust Fund only if and to the extent the discretionary Trustee consents in writing to permit such direction. The Employer will direct a nondiscretionary Trustee as to the Trust Fund investments in accordance with Article VIII unless an Investment Manager, the Participants or the Named Fiduciary are directing the nondiscretionary Trustee as to such investments.
EMPLOYER DIRECTION OF INVESTMENT. The Employer and Advisory Committee has the right to direct the Trustee with respect to the investment and re-investment of assets comprising the Trust Fund. Any such direction must be in writing. To the extent the Employer directs the Trustee, the Employer indemnifies and saves harmless the Trustee from and against any and all loss resulting from liability to which the Trustee may be subjected by reason of any act or conduct (except the Trustee's misconduct or negligence) in its official capacity in the administration and investment of the Trust Fund, including all expenses reasonably incurred in its defense, in case the Employer fails to provide such defense. Notwithstanding the foregoing, the indemnification provisions of this Section 7.04 do not indemnify or relieve the Trustee from any liability it may have under ERISA for breach of a fiduciary duty.
EMPLOYER DIRECTION OF INVESTMENT. 22 7.05 AMENDMENT TO VESTING SCHEDULE ............................. 22
EMPLOYER DIRECTION OF INVESTMENT. If the Custodian/Trustee is acting as Trustee, the Employer has the right to direct the Trustee with respect to the investment and re-investment of assets comprising the Trust Fund only if the Trustee consents in writing to permit such direction. If the Trustee consents to Employer direction of investment, the Trustee and the Employer must execute a letter agreement as a part of this Plan containing such conditions, limitations and other provisions they deem appropriate before the Trustee will follow any Employer direction as respects the investment or re-investment of any part of the Trust Fund.
EMPLOYER DIRECTION OF INVESTMENT. The Employer directs the Trustee to accept written direction of investment with respect to the investment and re-investment of account balances attributable to salary deferral contributions and matching contribution and to the extent Section 8.06 is applicable, with respect to Employer Securities. The Trustee and the Employer may execute a letter agreement as a part of this Plan containing such conditions, limitations and other provisions they deem appropriate for the nondiscriminatory application of this Section 7.04 and Sections 8.06, 9.08 and 14.12.
EMPLOYER DIRECTION OF INVESTMENT. The Employer shall have -------------------------------- the right to direct the Trustee with respect to the investment and re-investment of assets comprising the Trust Fund.
