Common use of Pension Fund Continued Clause in Contracts

Pension Fund Continued. (a) Effective the Effective Date, the Pension Fund continued under Schedule B is further continued under this Agreement. (b) The Pension Fund held by the trustee described in s. 3(6) of Schedule B is hereby conveyed to the Board, which shall hold the Pension Fund in trust in accordance with this Agreement. The Signatories and the Board shall take all necessary steps, including entering into appropriate custodial arrangements and an asset transfer agreement with the trustee described in s. 3(6) of Schedule B, to ensure that legal title to the Pension Fund is vested in the Board, and that the Board can exercise and discharge all rights and obligations associated with the ownership of the Pension Fund. (c) The Pension Fund shall consist of cash, investments and other assets held by the Board. (d) The contributions from Employers and Plan Members and any other payments or assets paid or delivered to and received by the Board for the purposes of the Pension Fund, including returns on investments, form part of the Pension Fund. (e) Benefits and disbursements payable under this Agreement and the Pension Plan Rules must be paid from the Pension Fund and, for this purpose, the Pension Fund must be considered one and indivisible. (f) The following fees, expenses and disbursements, as are reasonably necessary and approved by the Board, must be paid from the Pension Fund: (i) the fees, expenses and disbursements of the Board incurred in administering the Pension Plan and managing the Pension Fund; (ii) any expenses incurred by a Trustee in attending or participating in any program of trustee education; (iii) the fees, expenses and disbursements of, and amounts invoiced by, the Pension Corporation and the Investment Management Corporation, or the amounts payable to other investment managers, to operate and administer the Pension Plan and to manage the Pension Fund; and (iv) any other expenses incurred in the administration of this Agreement and the Pension Plan Rules.

Pension Fund Continued. ‌ (a) Effective On the Effective Date, the Pension Fund continued under Schedule B D is further continued under this Joint Trust Agreement. (b) The Pension Fund held by the trustee described in s. 3(6) of Schedule B D is hereby conveyed to the Board, which shall hold the Pension Fund in trust in accordance with this Joint Trust Agreement. The Signatories Partners and the Board shall take all necessary steps, including entering into appropriate custodial arrangements and an asset transfer agreement with the trustee described in s. 3(6) of Schedule BD, to ensure that legal title to the Pension Fund is vested in the Board, and that the Board can exercise and discharge all rights and obligations associated with the ownership of the Pension Fund. (c) The Pension Fund shall consist of cash, investments and other assets held by the Board. (d) The contributions from Employers and Plan Members and any other payments or assets paid or delivered to and received by the Board for the purposes of the Pension Fund, including returns on investments, form part of the Pension Fund. (e) Benefits and disbursements payable under this Joint Trust Agreement and the Pension Plan Rules must be paid from the Pension Fund and, for this purpose, the Pension Fund must be considered one and indivisible. (f) The following fees, expenses and disbursements, as are reasonably necessary and approved by the Board, must be paid from the Pension Fund: (i) the fees, expenses and disbursements of the Board incurred in administering the Pension Plan and managing the Pension Fund; (ii) any expenses incurred by a Trustee in attending or participating in any program of trustee education; (iii) the fees, expenses and disbursements of, and amounts invoiced requisitioned by, the Pension Corporation and the Investment Management Corporation, or the amounts amount payable to other investment managers, to operate and administer the Pension Plan and to manage the Pension Fund; and; (iv) any other expenses incurred in the administration of this Joint Trust Agreement and the Pension Plan Rules.

Pension Fund Continued. (a) Effective the Effective Date, the The Pension Fund continued under Schedule B the 2001 Joint Trust Agreement is further continued under this Joint Trust Agreement. (b) The Pension Fund held by the trustee described in s. 3(6) of Schedule B is hereby conveyed to the Board, which shall held the Pension Fund in trust in accordance with the 2001 Joint Trust Agreement, continues to hold the Pension Fund in trust in accordance with this Joint Trust Agreement. The Signatories Partners and the Board shall take all necessary steps, including entering into appropriate custodial arrangements and an asset transfer agreement with the trustee described in s. 3(6) of Schedule B, steps to ensure that legal title to the Pension Fund is continues to be vested in the Board, and that the Board can exercise and discharge all rights and obligations associated with the ownership of the Pension Fund. (c) The Pension Fund shall consist of cash, investments and other assets held by the Board. (d) The contributions from Employers and Plan Members and any other payments or assets paid or delivered to and received by the Board for the purposes of the Pension Fund, including returns on investments, form part of the Pension Fund. (e) Benefits and disbursements payable under this Joint Trust Agreement and the Pension Plan Rules must be paid from the Pension Fund and, for this purpose, the Pension Fund must be considered one and indivisible. (f) The following fees, expenses and disbursements, as are reasonably necessary and approved by the Board, must be paid from the Pension Fund: (i) the fees, expenses and disbursements of the Board incurred in administering the Pension Plan and managing the Pension Fund; (ii) any expenses incurred by a Trustee in attending or participating in any program of trustee education; (iii) the fees, expenses and disbursements of, and amounts invoiced requisitioned by, the Pension Corporation and the Investment Management Corporation, or the amounts amount payable to other investment managers, to operate and administer the Pension Plan and to manage the Pension Fund; (iv) the fees, expenses and disbursements incurred by the Board, a Trustee, or Trustee acting in their capacity as a member of the Teachers' Pension Plan Advisory Committee (TPPAC), participating with the Partners in consulting with the Plan Members and Employers on plan design, including any expenses incurred by the Board developing or producing related materials or products; and (ivv) any other expenses incurred in the administration of this Joint Trust Agreement and the Pension Plan Rules. (g) The fees, expenses, and disbursements of the Board incurred in administering a program of post retirement group benefits sponsored by the Board pursuant to section 18.3 of Schedule D of the Act, including the expenses relating to enrollment, administration, plan design, and the selection and supervision of a plan carrier, but excluding any expenditure relating to the actual cost of the post retirement group benefits, must be paid from the Supplemental Benefits Account. For greater certainty, it is confirmed that this paragraph (g) contains limits set by the Partners pursuant to subsection 18.1(3) of Schedule D of the Act.

Pension Fund Continued. ‌ (a) Effective On the Effective Date, the Pension Fund continued under Schedule B C is further continued under this Agreement. (b) The Pension Fund held by the trustee described in s. 3(6) of Schedule B C is hereby conveyed to the Board, which shall hold the Pension Fund in trust in accordance with this Agreement. The Signatories Partners and the Board shall take all necessary steps, including entering into appropriate custodial arrangements and an asset transfer agreement with the trustee described in s. 3(6) of Schedule BC, to ensure that legal title to the Pension Fund is vested in the Board, and that the Board can exercise and discharge all rights and obligations associated with the ownership of the Pension Fund. (c) The Pension Fund shall consist of cash, investments and other assets held by the Board. (d) The contributions from Employers and Plan Members and any other payments or assets paid or delivered to and received by the Board for the purposes of the Pension Fund, including returns on investments, form part of the Pension Fund. (e) Benefits and disbursements payable under this Agreement and the Pension Plan Rules must be paid from the Pension Fund and, for this purpose, the Pension Fund must be considered one and indivisible. (f) The following fees, expenses and disbursements, as are reasonably necessary and approved by the Board, must be paid from the Pension Fund: (i) the fees, expenses and disbursements of the Board incurred in administering the Pension Plan and managing the Pension Fund; (ii) any expenses incurred by a Trustee in attending or participating in any program of trustee education;. (iii) the fees, expenses and disbursements of, and amounts invoiced requisitioned by, the Pension Corporation and the Investment Management Corporation, or the amounts amount payable to other investment managers, to operate and administer the Pension Plan and to manage the Pension Fund; and (iv) any other expenses incurred in the administration of this Agreement and the Pension Plan Rules.

Pension Fund Continued. ‌ (a) Effective On the Effective Date, the Pension Fund continued under Schedule B D is further continued under this Joint Trust Agreement. (b) The Pension Fund held by the trustee described in s. 3(6) of Schedule B D is hereby conveyed to the Board, which shall hold the Pension Fund in trust in accordance with this Joint Trust Agreement. The Signatories Partners and the Board shall take all necessary steps, including entering into appropriate custodial arrangements and an asset transfer agreement with the trustee described in s. 3(6) of Schedule BD, to ensure that legal title to the Pension Fund is vested in the Board, and that the Board can exercise and discharge all rights and obligations associated with the ownership of the Pension Fund. (c) The Pension Fund shall consist of cash, investments and other assets held by the Board. (d) The contributions from Employers and Plan Members and any other payments or assets paid or delivered to and received by the Board for the purposes of the Pension Fund, including returns on investments, form part of the Pension Fund. (e) Benefits and disbursements payable under this Joint Trust Agreement and the Pension Plan Rules must be paid from the Pension Fund and, for this purpose, the Pension Fund must be considered one and indivisible. (f) The following fees, expenses and disbursements, as are reasonably necessary and approved by the Board, must be paid from the Pension Fund: (i) the fees, expenses and disbursements of the Board incurred in administering the Pension Plan and managing the Pension Fund; (ii) any expenses incurred by a Trustee in attending or participating in any program of trustee education; (iii) the fees, expenses and disbursements of, and amounts invoiced requisitioned by, the Pension Corporation and the Investment Management Corporation, or the amounts amount payable to other investment managers, to operate and administer the Pension Plan and to manage the Pension Fund; and; (iv) the fees, expenses and disbursements incurred by the Board, a Trustee, or Trustee acting in their capacity as a member of the Teachers' Pension Plan Advisory Committee (TPPAC), participating with the Partners in consulting with the Plan Members on plan design, including any expenses incurred by the Board in participation with the Partners developing or producing materials for the purpose of consulting or surveying Plan Members regarding plan design; (v) any other expenses incurred in the administration of this Joint Trust Agreement and the Pension Plan Rules.

Pension Fund Continued. (a) Effective the Effective Date, the Pension Fund continued under Schedule B is further continued under this Agreement. (b) The Pension Fund held by the trustee described in s. 3(6) of Schedule B is hereby conveyed to the Board, which shall hold the Pension Fund in trust in accordance with this Agreement. The Signatories and the Board shall take all necessary steps, including entering into appropriate custodial arrangements and an asset transfer agreement with the trustee described in s. 3(6) of Schedule B, to ensure that legal title to the Pension Fund is vested in the Board, and that the Board can exercise and discharge all rights and obligations associated with the ownership of the Pension Fund. (c) The Pension Fund shall consist of cash, investments and other assets held by the Board. (d) The contributions from Employers and Plan Members and any other payments or assets paid or delivered to and received by the Board for the purposes of the Pension Fund, including returns on investments, form part of the Pension Fund. (e) Benefits and disbursements payable under this Agreement and the Pension Plan Rules must be paid from the Pension Fund and, for this purpose, the Pension Fund must be considered one and indivisible. (f) The following fees, expenses and disbursements, as are reasonably necessary and approved by the Board, must be paid from the Pension Fund:Fund:‌ (i) the fees, expenses and disbursements of the Board incurred in administering the Pension Plan and managing the Pension Fund; (ii) any expenses incurred by a Trustee in attending or participating in any program of trustee education; (iii) the fees, expenses and disbursements of, and amounts invoiced by, the Pension Corporation and the Investment Management Corporation, or the amounts payable to other investment managers, to operate and administer the Pension Plan and to manage the Pension Fund; and (iv) any other expenses incurred in the administration of this Agreement and the Pension Plan Rules.