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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 /> Plan provides that the Trustee shall act as therein prescribed, the Trustee shall be and is hereby <br /> authorized and empowered to do so for all purposes as fully as though specifically so provided <br /> herein or so directed by the Plan Administrator. The Trustee shall furnish the Agency with copies of <br /> the Trust Agreement and all amendments thereto. <br /> <br /> 10.6 Use of Trust Funds. Except as provided in Section 9.2 and 9.3, under no circumstances <br /> shall any part of the Trust be recoverable by the Agency from the Trustee or from any Participant or <br /> former Participant, his or her Beneficiaries, or any other person or be used for or diverted to <br /> purposes other than for the exclusive purposes of providing benefits to Participants and their <br /> Beneficiaries, provided, however, that: <br /> (a) An Agency's excess contribution may be returned to such Agency in accordance <br /> with the provisions of the Plan, and <br /> <br /> (b) The portion, if any, of the Trust attributable to an Agency not required for the <br /> satisfaction of all liabilities to Participants and their Beneficiaries shall, upon such Agency's <br /> termination of the Plan, revert to such Agency. <br /> <br /> 10.7 Location of Trust Fund Assets. Except as authorized by applicable state or federal laws <br /> or regulations, the indicia of ownership of any assets of the Trust and Plan shall not Le maintained <br /> outside the jurisdiction of the District Courts of the United States. <br /> <br /> 10.8 Arbitration of Disputes. Any dispute under this Agreement shall be resolved by <br /> submission of the issue to a member of the American Arbitration Association who is chosen by the <br /> Agency and the Trustee. If the Agency and the Trustee cannot agree on such a choice, each shall <br /> nominate a member of the American Arbitration Association, and the two nominees will then select <br /> an arbitrator. Expenses of the arbitration shall be paid as decided by the arbitrator. Venue and <br /> jurisdation shall be in the State of California, County of Orange. <br /> 10.9 Partial Invalidity. If any provision of this Trust Agreement is held to be invalid or <br /> unenforceable for any reason, this Agreement shall be construed and enforced as if such provisions <br /> had not been included and such illegality or invalidity shall not affect the remaining portions of this <br /> Trust Agreement, unless such invalidity prevents accomplishment of the objectives and purposes of <br /> this Trust Agreement and the Plan. In the event of any such holding, the parties will immediately <br /> amend this Trust Agreement as necessary to remedy any such defect. <br /> 10.10 Construction. This Trust Agreement shall be constructed, administered and enforced <br /> according to the Internal Revenue Code and where state law is applicable, under applicable Statutes <br /> and laws of the State of California applied fairly and equitably in accordance with the purposes of <br /> the Plan. <br /> <br /> <br /> <br /> <br /> ***Signature Page Follows*** <br /> <br /> <br /> <br /> <br /> 20 <br /> <br /> 55C-38 <br />
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