TRUST AGREEMENTTrust Agreement • November 7th, 2024 • Zions Bancorporation, National Association /Ut/ • National commercial banks • Massachusetts
WITNESSETH: 4 Section 1. Definitions. 4 Section 2. Trust. 9 Section 3. Exclusive Benefit and Reversion of Sponsor Contributions. 10 Section 4. Disbursements. 10 Section 5. Investment of Trust. 10 i. Selection of Investment Options or Personalized Planning & Advice 10 ii. Available Investments or Investment Options. 10 iii. Participant Direction. 11 iv. Mutual Funds. 11 v. Sponsor Stock. 12 a. Acquisition Limit. 12 b. Fiduciary Duty. 13 c. Purchases and Sales of Sponsor Stock for Batch Activity. 13 d. Purchases and Sales of Sponsor Stock for Participant Initiated Exchanges ("Real Time" Trading). 14 e. Use of an Affiliated Broker. 15 f. Securities Law Reports. 16 g. Voting and Tender Offers. 16 h. General. 18 i. Conversion. 18 j. Nasdaq Subscriber Agreement. 19 vi. Participant Loans. 19 vii. Stable Value Investments. 19 a. Collective Investment Funds Managed by the Trustee. 19 viii. Trustee Powers. 19 Section 6. Recordkeeping and Administrative Services to Be Performed. 20 i. General 21
