Common use of Fiduciary Standards Clause in Contracts

Fiduciary Standards. Subject to paragraphs 13.6 and 13.8 hereof, the Trustee, if discretionary, shall invest and reinvest principal and income of the Trust in accordance with the funding policy and investment objectives established by the Employer, provided that: (a) such investments are prudent under ERISA, as amended, and the Regulations thereunder, (b) such investments are sufficiently diversified to minimize the risk of large losses, (c) such investments are made in accordance with the provisions of this Plan and Trust document, and (d) such investments are made with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character with like aims.

Fiduciary Standards. Subject to paragraphs 13.6 and 13.8 hereof, the Trustee, if discretionaryEmployer and Custodian, as applicable, shall invest and reinvest principal and income of the Trust in accordance with the funding policy and investment objectives established by the Employer, provided that: (a) such investments are prudent under ERISA, as amended, and the Regulations thereunder, (b) such investments are sufficiently diversified to minimize the risk of large losses, (c) such investments are made in accordance with the provisions of this Plan and Trust document, and (d) such investments are made with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character with like aims.