Fiduciary Liability and Other Insurance. The Board may purchase and maintain the errors and omissions insurance or fiduciary liability insurance, or insurance of a similar nature or description, it considers necessary for the Board, any Trustee or anyone else engaged in the administration or operation of the Pension Plan or Pension Fund. The cost of this insurance must be paid from the Pension Fund.
Appears in 3 contracts
Samples: Joint Trust Agreement, Municipal Pension Plan Joint Trust Agreement, Joint Trust Agreement
Fiduciary Liability and Other Insurance. The Board may purchase and maintain the errors and omissions insurance or fiduciary liability insurance, or such other insurance of a similar nature or description, it considers necessary for the Board, any Trustee or anyone else engaged in the administration or operation of the Pension Plan or Pension Trust Fund. The cost of this insurance must be paid from the Pension Trust Fund. For greater certainty and despite Section 7.1, any deductible relating to such insurance will be paid from the Trust Fund, including in respect of a claim due to a breach of a Trustee's fiduciary duties.
Appears in 2 contracts
Samples: Trust Agreement, Trust Agreement
Fiduciary Liability and Other Insurance. The Board may purchase and maintain the errors and omissions insurance or fiduciary liability insurance, or insurance of a similar nature or description, it considers necessary for the Board, any Trustee or anyone else engaged in the administration or operation of the Pension Plan or Pension Fund. The cost of this insurance must shall be paid from the Pension Fund.
Appears in 2 contracts
Samples: Joint Trust Agreement, Joint Trust Agreement
Fiduciary Liability and Other Insurance. The Board may purchase and maintain the such errors and omissions insurance or fiduciary liability insurance, insurance (or insurance of a similar nature or description, ) as it considers deems necessary for the Board, any a Trustee or anyone else engaged in the administration or operation of the Pension Plan or Pension Trust Fund. The cost of this all such insurance must shall be paid from out of the Pension Trust Fund.
Appears in 1 contract
Samples: Trust Agreement
Fiduciary Liability and Other Insurance. The Board may purchase and maintain the such errors and omissions insurance or fiduciary liability insurance, or insurance of a similar nature or description, as it considers necessary for the Board, any Trustee Trustee, or anyone else engaged in the administration or operation of the Pension Plan or Pension Fund. The cost of this insurance must be paid from the Pension Fund.
Appears in 1 contract
Samples: Joint Trust Agreement
Fiduciary Liability and Other Insurance. The Board may purchase and maintain the errors and omissions insurance or fiduciary liability insurance, or insurance of a similar nature or description, it considers necessary for the Board, any Trustee or anyone else engaged in the administration or operation of the Pension Plan or Pension Fund. The cost of this insurance must shall be paid from the Pension Fund.
Appears in 1 contract
Samples: Joint Trust Agreement
Fiduciary Liability and Other Insurance. The Board may purchase and maintain the errors and omissions insurance or fiduciary liability insurance, or insurance of a similar nature or description, it considers necessary for the Board, any Trustee Trustee, or anyone else engaged in the administration or operation of the Pension Plan or Pension Fund. The cost of this insurance must be paid from the Pension Fund.
Appears in 1 contract
Samples: Joint Trust Agreement
Fiduciary Liability and Other Insurance. The Board may purchase and maintain the errors and omissions insurance or fiduciary liability insurance, or insurance of a similar nature or description, it considers necessary for the Board, any Trustee or anyone else engaged in the administration or operation of the Pension Retiree Benefit Plan or Pension Retiree Benefit Fund. The cost of this insurance must be paid from the Pension Retiree Benefit Fund.
Appears in 1 contract