Common use of Trustee Expenses and Compensation Clause in Contracts

Trustee Expenses and Compensation. Trustees are entitled to reimbursement from the Trust Fund for their reasonable cost of necessary expenses properly and actually incurred in the performance of their duties under the Trust and each Benefit Plan, including, without limitation, attendance at meetings and other functions of the Board or Trustees or its committees or while on business of the Board of Trustees, and attendance at institutes, seminars, conferences or workshops for or on behalf of the Trust or any Benefit Plan. Reasonable and necessary expenses incurred by a Trustee for the defense of actual or threatened litigation arising out of his or her duties as a fiduciary of a Benefit Plan may be paid out of the assets of the Trust as determined by the Trustees, in their sole discretion and in accordance with the provisions of ERISA.