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FULL PACKET_2011-12-19
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FULL PACKET_2011-12-19
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<br /> <br /> <br /> <br /> <br /> <br /> <br /> 3.2 Additional Powers. In addition to the other powers enumerated above, and whether or not <br /> the Plan Administrator has retained investment authority, the Trustee in any and all events is <br /> authorized and empowered: <br /> <br /> (a) To invest funds in any type of interest-bearing account including without limitation, <br /> time certificates of deposit or interest-bearing accounts issued by Union Bank, N.A., or any mutual <br /> fund or short term investment fund ("Fund"), whether sponsored or advised by Union Bank, N.A. or <br /> any affiliate thereof; Union Bank, N.A. or its affiliate may be compensated for providing investment <br /> advice or other services to such Fund, in addition to any Trustee's fees received pursuant to this <br /> Trust Agreement; provided, that such compensation is reasonable; <br /> (b) To cause all or any part of the Trust to be held in the name of the Trustee (which in <br /> such instance need not disclose its fiduciary capacity) or, as permitted by law, in the name of any <br /> nominee, and to acquire for the Trust any investment in bearer form; but the books and records of <br /> the Trust shall at all times show that all such investments are a part of the Trust and the Trustee shall <br /> hold evidences of title to all such investments; <br /> <br /> (c) To serve as custodian with respect to the Trust assets with the sole exception of <br /> insurance policy or annuity contracts, the underlying assets of which shall be maintained by the <br /> insurance company issuer; <br /> (d) To employ such agents and counsel as may be reasonably necessary in managing <br /> and protecting the Trust assets and to pay them reasonable compensation; to employ any broker- <br /> dealer, including any broker-dealer affiliated with the Trustee, and pay to such broker-dealer its <br /> standard commissions; to settle, compromise or abandon all claims and demands in favor of or <br /> against the Trust; and to charge any premium on bonds purchased; <br /> <br /> (e) In addition to the powers listed herein, to do all other acts necessary or desirable for <br /> the proper administration of the Trust, as though the absolute owner thereof and to exercise and <br /> perform any and all of the other powers and duties specified in this Trust Agreement; <br /> (0 To abandon, compromise, contest, arbitrate or settle claims or demands; to <br /> prosecute, compromise and defend lawsuits, but without obligation to do so, all at the risk and <br /> expense of the Trust; <br /> <br /> (g) To permit such inspections of documents at the principal office of the Trustee as are <br /> required by law, subpoena or demand by United States agency and to disclose the Agency's name to <br /> issuers of securities in connection with shareholder communications unless directed otherwise in <br /> writing; <br /> <br /> (h) To comply with all requirements imposed by applicable state Statutes or other <br /> applicable provisions of state or federal law; <br /> (i) To seek written instructions from the Agency, Plan Administrator or other fiduciary <br /> or, to the extent Participants are permitted to direct the investment of all or any portion of their <br /> Accounts under the Plan, from a Participant, on any matter and await written instructions from such <br /> person without incurring any liability. If at any time the Agency, the Plan Administrator, a fiduciary <br /> <br /> <br /> 9 <br /> <br /> 55C-27 <br />
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