Common use of Supervision of the Clause in Contracts

Supervision of the. Investment Manager shall be the exclusive responsibility of the Company. Therefore, the Trustee shall be under no duty or obligation to review or to question any direction of the Investment Manager, or to review the securities or other property held in any Directed Fund with respect to prudence, proper diversification of Fund or Plan assets or compliance with any limitation on the Investment Manager's authority under the terms of the Plan, any agreement entered into between the Company and the Investment Manager or imposed by applicable law, or to make any suggestions to the Company or the Investment Manager with respect to the investment and reinvestment of any Directed Fund. The Trustee shall be fully protected in acting or omitting to act in accordance with or in the absence of the written directions of the Investment Manager and shall be under no liability for any loss of any kind which may result by reason of any action taken or omitted by it in good faith in accordance with any direction of the Investment Manager or by reason of inaction in the absence of written directions from the Investment Manager.