Trustee to Construe Trust. The Trustee shall have the discretionary authority to construe those provisions of the Plan and Trust which relate to the Trustee and to do all things necessary or convenient to the administration of the Trust, whether or not such powers are specifically set forth in the Plan and Trust. Actions taken in good faith by the Trustee shall be conclusive and binding on all interested parties, and shall be given the maximum possible deference allowed by law.
Appears in 7 contracts
Samples: Hanna M a Co/De, Gerber Scientific Inc, Longview Fibre Co
Trustee to Construe Trust. The Trustee shall have the discretionary authority to construe those provisions of the this Plan and Trust which relate to the Trustee and to do all things necessary or convenient to the administration of the Trust, whether or not such powers are specifically set forth in the this Plan and Trust. Actions taken in good faith by the Trustee shall be conclusive and binding on all interested parties, and shall be given the maximum possible deference allowed by law.
Appears in 6 contracts
Samples: Plan and Trust Agreement (Leggett & Platt Inc), Plan and Trust Agreement (Timken Co), Plan and Trust Agreement (Southdown Inc)
Trustee to Construe Trust. The Trustee shall have has the discretionary authority to construe those provisions of the Plan and Trust which relate to the Trustee and to do all things necessary or convenient to the administration of the Trust, whether or not such powers are specifically set forth in the this Plan and Trust. Actions taken in good faith by the Trustee shall be conclusive and binding on all interested parties, and shall be given the maximum possible deference allowed by law.
Appears in 2 contracts
Samples: Nipsco Industries Inc, Nipsco Industries Inc
Trustee to Construe Trust. The Subject to the authority of the Administrator, the Trustee shall have the discretionary authority to construe those provisions of the this Plan and Trust which relate to the Trustee and to do all things necessary or convenient to the administration of the Trust, whether or not such powers are specifically set forth in the this Plan and Trust. Actions taken in good faith by the Trustee shall be conclusive and binding on all interested parties, and shall be given the maximum possible deference allowed by law.
Appears in 1 contract
Samples: Caliber System Inc
Trustee to Construe Trust. The Trustee shall have the discretionary authority to construe those provisions of the Plan and Trust which relate to that govern the rights and responsibilities of the Trustee and to do all things necessary or convenient to the administration of the Trust, whether or not such powers are specifically set forth in the Plan and Trust. Actions taken in good faith by the Trustee shall be conclusive and binding on all interested parties, and shall be given the maximum possible deference allowed by law.
Appears in 1 contract
Samples: New Nisource Inc