Laserfiche WebLink
7.3 Accounts. Employer contributions, including mandatory Participant contributions, and contributions of accrued leave, <br />all investment income and realized and unrealized gains and losses, and forfeitures allocable thereto will be deposited <br />into an Account in the name of the Participant for the exclusive benefit of the Participant, his Spouse and Dependents. <br />The assets in each Participant's Account may be invested in Investment Funds as directed by the Participant (or, after <br />the Participant's death, by the Spouse or Dependents) or the Employer, as required under the Plan, from among the <br />Investment Funds selected by the Employer. <br />7.4 Receipt of Contributions. The Employer or, if so designated by the Employer, the Administrator or investment <br />manager or another agent of the Employer, shall receive all contributions paid or delivered to it hereunder and shall hold, . <br />invest, reinvest and administer such contributions pursuant to this Declaration, without distinction between principal <br />and income. The Trustee shall not be responsible for the calculation or collection of any contribution under the Plan, <br />but shall hold title to property received in respect of the Plan in the Trustee's name as directed by the Employer or its <br />designee pursuant to this Declaration. <br />7.5 No amount in any Account maintained under this Trust shall be subject to transfer, assignment, or alienation, whether voluntary or <br />involuntary, in favor of any creditor, transferee, or assignee of the Employer, the Trustee, any Participant, his Spouse, or Dependent. <br />7.6 Upon the satisfaction of all liabilities under the Plan to provide such benefits, any amount of Employer contributions, plus <br />accrued earnings thereon, remaining in such separate Accounts must, under the terms of the Plan, be returned to the Employer. <br />ARTICLE Vill <br />Other Plans <br />If the Employer hereafter adopts one or more other plans providing life, sickness, accident, medical, disability, severance, <br />or other benefits and designates the Trust hereby created as part of such other plan, the Employer or, if so designated by the <br />Employer, the Administrator or an investment manager or an -other agent of the Employer shall, subject to the terms of this <br />Declaration, accept and hold hereunder contributions to such other plans. In that event (a) the Employer or, if so designated <br />by the Employer, the Administrator or an investment manager or another agent of the Employer, may commingle for <br />investment purposes the contributions received under such other plan or plans with the contributions previously received by <br />the Trust, but the books and records of the Employer or, if so designated by the Employer, the Administrator or an investment <br />manager or another agent of the Employer, shall at all times show the portion of the Trust Fund allocable to each plan; (b) the <br />term "Plan" as used herein shall be deemed to refer separately to each other plan; and (c) the term "Employer" as used herein <br />shall be deemed to refer to the person or group of persons which have been designated by the terms of such other plans as <br />having the authority to control and manage the operation and administration of such other plan. <br />ARTICLE IX <br />Disbursements and Expenses <br />9.1 The Employer or its designee shall make such payments from the Trust at such time to such persons and in such amounts <br />as shall be authorized by the provisions of the Plan provided, however, that no payment shall be made, either during the <br />existence of or upon the discontinuance of the Plan (subject to Section 7.6), which would cause any part of the Trust to <br />be used for or diverted to purposes other than the exclusive benefit of the Participants, their Spouses and Dependents <br />pursuant to the provisions of the Plan. <br />9.2 All payments of benefits under the Plan shall be made exclusively from the assets of the Accounts of the Participants to <br />whom or to whose Spouse or Dependents such payments are to be made, and no person shall be entitled to look to any <br />other source for such payments. <br />9.3 The Employer, Trustee and Administrator may be reimbursed for expenses reasonably incurred by them in the administration <br />