Additional Trustee Authority - Clause Samples
The Additional Trustee Authority clause grants trustees the power to take actions or make decisions beyond those explicitly outlined in the trust document. This may include the ability to manage investments, distribute assets, or handle unforeseen circumstances that arise during the administration of the trust. By providing this flexibility, the clause ensures that trustees can effectively manage the trust and respond to changing situations, ultimately safeguarding the interests of the beneficiaries and maintaining the trust's intended purpose.
Additional Trustee Authority -. Subject to the stated purposes of the Trust and the provisions of this Trust Agreement, and the terms and conditions of any policy or policies of insurance obtained as provided herein, and any Benefit Plan, the Trustees shall have full and exclusive power, authority and discretion to determine all questions of coverage and eligibility, methods of providing and arranging for benefits, all matters concerning the operation of the Trust and each Benefit Plan and all claims for benefits. The Trustees shall have full and exclusive power, authority and discretion to construe the provisions of this Trust Agreement herein, and other documents and instruments governing the Fund, including, but not limited to, the terms of each Benefit Plan and rules and regulations adopted by the Trustees; and any construction or interpretation adopted by the Trustees shall be final and binding. The Trustees are free to use their own judgment and discretion in all things pertaining to the affairs of the Trust. No matter arising under this Trust Agreement or any Benefit Plan shall be subject to the grievance procedures in any Collective Bargaining agreement between any Employer and the Union or Local Union.
(a) Require contributions to the Trust by Employers in accordance with the applicable Collective Bargaining Agreements, Participation Agreements and rules and regulations promulgated by the Trustees.
(b) Administer the Trust and each Benefit Plan by employing suitable personnel, procuring office space and necessary equipment and supplies required for administration or retaining, on a contract basis, a responsible firm or individual to perform required administrative services.
Additional Trustee Authority -. Subject to the statedpurposes of the Trust andthe provisionsof this Trust Agreement, andthe terms andconditions of anypolicyor policiesof insurance obtained as providedherein, andany Benefit Plan, the Trustees shallhave fullandexclusivepower, authority and discretion to determine all questions of coverage and eligibility, methods of providing and arrangingfor benefits, allmatters concerningthe operationof the Trustandeach Benefit Plan anda l claimsfor benefits. The Trusteesshall have full and exclusive power, authority and discretion to construe the provisionsof this Trust Agreement herein,and other documents and instruments governing the Fund, including, butnotlimitedto, the terms of each Benefit Planandrules and regulations adopted by the Trustees; andany construction or interpretation adoptedbythe Trustees shallbefinalandbinding. The Trustees are freeto usetheir ownjudgmentanddiscretion in all things pertainingto the affairs of the ▇▇▇▇▇.▇▇ matter arising under this Trust Agreement or any Benefit Plan shall be subject to the grievance proceduresin any Collective Bargaining agreement betweenany Employer andthe Unionor Local Union.
(a ) Require contributions to the Trust by Employers in accordance with the applicable Collective Bargaining Agreements,Participation Agreementsandrules and regulationspromulgated bythe Trustees.