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<br /> <br /> <br /> <br /> <br /> <br /> Assets, and any increments accruing to them. The Trustee shall manage and administer the Trust <br /> without distinction between principal and income. The Trustee shall have no other duty to compute <br /> any amount to be transferred or paid to it by the Agency and it shall not be responsible for the <br /> collection of any contributions or transfers due to the Trust. <br /> <br /> 1.3 Establishment of Trust. The principal of the Trust, and any earnings thereon shall be held <br /> separate and apart from other funds of Agency and shall be used exclusively for the uses and <br /> purposes of Participants and Beneficiaries as herein set forth. Participants and Beneficiaries shall <br /> have no preferred claim on, or any beneficial ownership interest in, any assets of the Trust. <br /> 1.4 Ongoing Contributions to Trust. Agency, in its sole discretion, may at any time, or from <br /> time to time, make additional deposits of cash or other property acceptable to the Trustee to augment <br /> the principal to be held, administered and disposed of by Trustee as provided in this Trust <br /> Agreement. Neither the Trustee nor any Participant shall have any right to compel such additional <br /> deposits. <br /> <br /> 1.5 No Duty of Trustee to Enforce Collection. Notwithstanding anything herein to the <br /> contrary, the Trustee shall have no authority or obligation to enforce the collection of any <br /> contribution or transfer to the Trust. <br /> <br /> 1.6 Plan Administration. The Agency and not the Trustee shall be responsible for <br /> administering the Plan (including without limitation determining the rights of the Agency's <br /> employees to participate in the Plan, determining any Participant's right to benefits under such Plan), <br /> and issuing statements to Participants of their interest in the Trust and Plan. <br /> 1.7 Participant Accounts. The Agency shall maintain, or cause to be maintained, a separate <br /> account for each Participant under the Plan (the "Account") in which it shall keep a record of the <br /> share of such Participant under such Plan in the Trust. The Agency may appoint a third-party <br /> administrator or record-keeper (the "Record-keeper") to maintain such Accounts. A Participant's <br /> Account under the Plan shall represent the portion of the Trust allocated to provide such Participant <br /> benefits under such Plan. If the Trustee is directed by the Agency to segregate the Trust into <br /> separate Accounts for each Participant, at the time it makes a contribution to the Trust, the Agency <br /> shall certify to the Trustee the amount of such contribution being made in respect of each Participant <br /> under the Plan. <br /> <br /> 1.8 Tax Reporting. The Agency and not the Trustee shall be responsible for all income tax <br /> reporting and calculation and payment of any wage withholding or other tax requirements in <br /> connection with the Trust and any contributions thereto, and any income earned thereby, and <br /> payments or distributions therefrom, and Agency agrees to indemnify and defend Trustee against <br /> any liability for any such taxes, interest or penalties resulting from or relating to the Trust, provided, <br /> however, that Union Bank, N.A., as Trustee shall file such tax reports for the Trust as required by <br /> law and as agreed to by the parties in writing from time to time. <br /> ARTICLE II <br /> <br /> INVESTMENTS <br /> 2.1 Plan Administrator Authority. Except as otherwise provided in this Article 11, the Plan <br /> <br /> <br /> 4 <br /> <br /> 55C-22 <br />