Reliance of Trustee on Directions. (i) The Trustee shall not be liable for any loss, or by reason of any breach, which arises from any participant's exercise or non-exercise of rights under this Section 4 over the assets in the participant's accounts.
Appears in 8 contracts
Samples: Trust Agreement (California Microwave Inc), Trust Agreement (Polaris Industries Inc/Mn), Trust Agreement (20th Century Industries)
Reliance of Trustee on Directions. (i) The Trustee shall not be liable for any loss, or by reason of any breach, which arises from any participant's exercise or non-exercise of rights under this Section 4 over the assets in the participant's accounts, except as otherwise provided under ERISA.
Appears in 1 contract
Samples: Trust Agreement (Bank United Corp)
Reliance of Trustee on Directions. (i) The Trustee shall not be liable for any loss, or by reason of any breach, which arises from any participant's exercise or non-non- exercise of rights under this Section 4 over the assets in the participant's accounts, except to the degree liability is imposed on the Trustee under ERISA.
Appears in 1 contract
