Common use of Directed Trustee Clause in Contracts

Directed Trustee. Notwithstanding any conflicting provisions of the Trust Agreement, FBTS will, unless and until otherwise agreed to in writing between the Company and FBTS, have no discretionary investment responsibility with respect to the NQSRP Trust. It is the intent of the Parties that FBTS be a directed trustee, and all discretionary investment responsibility will be exercised by the Company, pursuant to the provisions of Sections 7(B) and (C) of the Trust Agreement.

Directed Trustee. Notwithstanding any conflicting provisions of the Trust Agreement, FBTS will, unless and until otherwise agreed to in writing between the Company and FBTS, have no discretionary investment responsibility with respect to the NQSRP Pension Trust. It is the intent of the Parties that FBTS be a directed trustee, and all discretionary investment responsibility will be exercised by the Company, pursuant to the provisions of Sections Section 7(B) and (C) of the Trust Agreement.