Common use of Responsibility for Company Action Clause in Contracts

Responsibility for Company Action. The Trustee assumes no obligation or responsibility with respect to any action required by this Trust Agreement on the part of the Company, the Board of Directors, the Committee, any Affiliate, the Participants or any Beneficiaries. The Trustee shall be under no duties except such duties as are specifically set forth as such in this Trust Agreement or under applicable law, and no implied covenant or obligation shall be read into this Trust Agreement against the Trustee.

Appears in 7 contracts

Samples: Benefit Equity Trust Agreement (Beckman Coulter Inc), Trust Agreement (Beckman Instruments Inc), Trust Agreement (Wachovia Corp/ Nc)

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Responsibility for Company Action. The Trustee assumes no obligation or responsibility with respect to any action required by this Trust Agreement on the part of the Company, the Board of Directors, the Committee, any Affiliate, the Participants or any Beneficiaries. The Trustee shall be under no duties except such duties as are specifically set forth as such in this Trust Agreement or under applicable law, and no implied covenant or obligation shall be read into this Trust Agreement against the Trustee.

Appears in 1 contract

Samples: Restricted Stock Trust Agreement (Young & Rubicam Inc)

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Responsibility for Company Action. The Trustee assumes no --------------------------------- obligation or responsibility with respect to any action required by this Trust Agreement on the part of the Company, the Board of Directors, the Committee, any Affiliate, the Participants or any Beneficiaries. The Trustee shall be under no duties except such duties as are specifically set forth as such in this Trust Agreement or under applicable law, and no implied covenant or obligation shall be read into this Trust Agreement against the Trustee.

Appears in 1 contract

Samples: Trust Agreement (Consolidated Natural Gas Co)

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