Common use of Scope of Duties and Obligations Clause in Contracts

Scope of Duties and Obligations. The Trustee agrees to perform the duties and obligations imposed by this Trust Agreement. No duties or obligations will be imposed upon the Trustee with respect to the Trust Fund unless undertaken by the Trustee under the express terms of this Trust Agreement or unless imposed upon the Trustee by statute or at common law. The Trustee will have no duty or obligation to advise Participants as to the effect of federal or state securities laws on the Plan, the Trust Fund or any distributions therefrom.

Appears in 2 contracts

Samples: Corporation Employee Stock Ownership Trust Agreement (Parsons Corp), Trust Agreement (Parsons Corp)

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Scope of Duties and Obligations. The Trustee agrees to perform the duties and obligations imposed by this Trust Agreement. No duties or obligations will be imposed upon the Trustee with respect to the Trust Fund unless undertaken by the Trustee under the express terms of this Trust Agreement or unless imposed upon the Trustee by statute or at common law. The Trustee will have no duty or obligation to advise Participants as to the effect of federal or state securities laws on the Plan, the Trust Fund or any distributions therefrom.

Appears in 1 contract

Samples: Trust Agreement (Houston Lighting & Power Co)

Scope of Duties and Obligations. The Trustee agrees to perform the duties and obligations imposed by this Trust Agreement. No duties or obligations will shall be imposed upon the Trustee with respect to the Trust Fund unless undertaken by the Trustee under the express terms of this Trust Agreement or unless imposed upon the Trustee by statute or at common law. The Trustee will shall have no duty or obligation to advise Participants or Beneficiaries as to the effect of federal or state securities laws on the Plan, the Trust Fund or any distributions therefrom.

Appears in 1 contract

Samples: Trust Agreement (Cb Richard Ellis Services Inc)

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Scope of Duties and Obligations. The Trustee agrees to perform the duties and obligations imposed by this Trust AgreementAgreement and the Plan. No duties or obligations will shall be imposed upon the Trustee with respect to the Trust Fund unless undertaken by the Trustee under the express terms of this Trust Agreement or the Plan, or unless imposed upon the Trustee by statute or at common law. The Trustee will shall have no duty or obligation to advise Participants or Beneficiaries as to the effect of federal or state securities laws on the Plan, the Trust Fund or any distributions therefrom.

Appears in 1 contract

Samples: Trust Agreement (Hooker Funiture Corp Employee Stock Ownership Plan Trust)

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