Trustee Investment Powers. In order for the Trustee to meet its responsibilities under California’s prudent investor laws or any other applicable state laws, and amendments thereto, the Trust may delegate some or all of its investment functions to an investment advisor with appropriate periodic review and monitoring of the investment advisor’s actions. The intention of this Declaration of Trust is to comply with California laws and regulations pertaining to the management of individual sub-accounts subject to continuing jurisdiction of a California Court. For investment purposes, the Trustee shall comply with the California Probate Code § 2574, and its successor statutes, unless the court having jurisdiction over the individual sub-account authorizes otherwise. Any variation from this Probate Code section must be evidenced by court order or by specific provisions in the Joinder Agreement approved by the court that retains jurisdiction over the individual sub-account . The Trustee shall have the power to invest any investments of an individual sub-account without authorization of the court, as set forth in California Probate Code § 2574 which is incorporated by reference into this Trust document. The Trustee, with the assistance of an investment advisor, has developed specific asset allocation models designed to meet the short and long term individual and special needs of each Beneficiary. The funds in a Trust sub-account will be invested in an asset allocation model appropriate for the Beneficiary. The Trustee will determine and/or oversee the investments in each asset allocation model; however, neither the Settlor, the Trustee, or the investment advisor shall be responsible for any market losses in a Beneficiary’s individual sub-account.
Trustee Investment Powers. The Trustee shall have full discretion ------------------------- and authority with regard to the investment and management of the Trust Fund, except with respect to a Plan asset under the control or direction of an Investment Manager properly appointed in accordance with Section 12.08 or with respect to a Plan asset subject to Employer or Participant direction of investment. The Trustee shall coordinate its investment policy with Plan financial needs as communicated to it by the Plan Administrator. The Trustee is authorized and empowered, without previous application to, or subsequent ratification of, any court, tribunal, or commission, or any federal or state governmental agency, but not by way of limitation:
Trustee Investment Powers. Subject to Section 9.3, the Trustee shall have full discretion and authority with regard to the investment and management of the Trust Fund, except with respect to a Plan asset under the control or direction of an Investment Manager properly appointed in accordance with Sections 8.12 and 9.9, or with respect to a Plan asset subject to Employer direction of investment, or with respect to a Plan asset which is subject to Committee direction of investment. The Trustee shall coordinate its investment policy with Plan financial needs as communicated to it by the Committee. Subject to the powers of the Committee as set forth in Article 8, the Trustee is authorized and empowered, without previous application to, or subsequent ratification of, any court, tribunal, or commission, or any federal or state governmental agency, but not by way of limitation:
Trustee Investment Powers. 65 12.07 Trustee Powers, Rights and Duties...................... 66 12.08
Trustee Investment Powers. Notwithstanding Section 12.06 of the Holland ------------------------- & Xxxx Defined Contribution Basic Plan Document and Trust Agreement, the Trustee is hereby authorized to retain any Employer Securities contributed to the Plan in the form of Employer Securities and shall have no obligation to dispose of such Employer Securities except as directed by the Plan Administrator.
