Common use of Responsibility of Trustee Clause in Contracts

Responsibility of Trustee. 8.1 The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Company or an investment manager which is contemplated by, and in conformity with, the terms of the Plans or this Trust and is given in writing by the Company or such investment manager. In the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 7 contracts

Samples: Agreement (Wisconsin Power & Light Co), Agreement (Alliant Energy Corp), Agreement (Wisconsin Power & Light Co)

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Responsibility of Trustee. 8.1 The (a) Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; , provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by Company or any delegate appointed by the Company or an investment manager which is contemplated by, and in conformity with, the terms of the Plans Plan or this Trust and is given in writing by the Company or such investment managerits delegate. In the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 6 contracts

Samples: Trust Agreement (Zions Bancorporation, National Association /Ut/), Trust Agreement (Zions Bancorporation /Ut/), Trust Agreement (Zions Bancorporation /Ut/)

Responsibility of Trustee. 8.1 (a) The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a proper direction, request or approval given by the Company or an investment manager which is contemplated by, and in conformity with, the terms of the Plans or this Trust Agreement and is given in writing by the Company or such investment managerCompany. In Subject to Section 13 hereof, in the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 3 contracts

Samples: ” Agreement (Sensient Technologies Corp), Trust Agreement (Sensient Technologies Corp), ” Agreement (Sensient Technologies Corp)

Responsibility of Trustee. 8.1 The (a) Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aimsaims in the management of the affairs of others; provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Company or an investment manager which is contemplated by, and in conformity with, the terms of the Plans Nonqualified Plan or this Trust and is given in writing by the Company or such investment managerCompany. In the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 3 contracts

Samples: www.sec.gov, Trust Agreement (DST Systems Inc), Trust Agreement (DST Systems Inc)

Responsibility of Trustee. 8.1 (a) The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Company or an investment manager which any of the Executives that is contemplated by, and in conformity with, the terms of the Plans Deferred Compensation Agreements or this Trust and is given in writing by the Company or such investment managerTrust. In the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 2 contracts

Samples: Deferred Compensation Agreement (Polo Ralph Lauren Corp), Deferred Compensation Agreement (Polo Ralph Lauren Corp)

Responsibility of Trustee. 8.1 (a) The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Company or an investment manager which is contemplated by, and in conformity with, the terms of the Plans Plan or this Trust and is given in writing by the Company or such investment managerin accordance with procedures mutually agreed upon by the parties. In the event of a dispute between the Company Employer and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 2 contracts

Samples: Agreement (Cna Surety Corp), Agreement (Cna Surety Corp)

Responsibility of Trustee. 8.1 The (a) Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; , provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Company or an investment manager which is contemplated by, and in conformity with, the terms of the Plans or this Trust and is given in writing by the Company or such an investment manager. In the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 2 contracts

Samples: Trust Under Peoples (Peoples Energy Corp), Trust Under (Peoples Energy Corp)

Responsibility of Trustee. 8.1 8.01 The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Company or an investment manager which that is contemplated by, and in conformity with, with the terms of any written agreement between the Plans Company and a Qualified Participant or this Trust and is given in writing by the Company or such investment managerCompany. In the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 2 contracts

Samples: Common Stock Trust Agreement (Triton PCS Holdings Inc), Common Stock Trust Agreement (Triton Management Co Inc)

Responsibility of Trustee. 8.1 (a) The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; , provided, however, that subject to Section 5(g), the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Company or an investment manager which is contemplated by, and in conformity with, the terms of the Plans Plan or this Trust and is given in writing by the Company or such investment managerCompany. In the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 2 contracts

Samples: Directors Retirement Plan Trust Agreement (Met Pro Corp), Met Pro Corp

Responsibility of Trustee. 8.1 The (a) Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; , provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Company or an investment manager the Plan Administrator which is contemplated by, and in conformity with, the terms of the Plans Plan or this Trust and is given provided in writing by the Company or such investment managerthe Plan Administrator. In the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 1 contract

Samples: Trust Agreement (Bay Networks Inc)

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Responsibility of Trustee. 8.1 The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Company or an investment manager which is contemplated by, and in conformity with, the terms of the Plans or this Trust and is given in writing by the Company through the Sponsor or such investment manager. In the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 1 contract

Samples: Agreement (Alliant Energy Corp)

Responsibility of Trustee. 8.1 The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Company or an investment manager which is contemplated by, and in conformity with, the terms of the Plans Plan or this Trust and is given in writing by the Company or such investment manager. In the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 1 contract

Samples: Ies Utilities Inc

Responsibility of Trustee. 8.1 (a) The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Company or an investment manager which any of the Executives that is contemplated by, and in 8 18 conformity with, the terms of the Plans Deferred Compensation Agreements or this Trust and is given in writing by the Company or such investment managerTrust. In the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Polo Ralph Lauren Corp)

Responsibility of Trustee. 8.1 (a) The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; , provided, however, that subject to Section 5(h), the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Company or an investment manager which is contemplated by, and in conformity with, the terms of the Plans Plan or this Trust and is given in writing by the Company or such investment managerCompany. In the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 1 contract

Samples: Met Pro Corp

Responsibility of Trustee. 8.1 8.01 The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Company or an investment manager which that is contemplated by, and in conformity with, with the terms of any written agreement between the Plans Company and a Management Employee or this Trust and is given in writing by the Company or such investment managerCompany. In the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 1 contract

Samples: Triton PCS Inc

Responsibility of Trustee. 8.1 The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; provided. However, however, that the Trustee shall be held harmless by the Company and shall not incur no any liability to any person for any action taken pursuant to a direction, request or approval given by the Company or an investment manager which is contemplated by, and in conformity with, the terms of the Plans or this Trust and is given in writing by the Company or such investment managerCompany. In the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute.

Appears in 1 contract

Samples: Trust Agreement (Belden Inc)

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