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<br />-I <br /> <br />457 Plan and Trust Document <br /> <br />Article VI. Trust and Investment of Accounts <br /> <br />6.01 Investment of Deferred Compensation: A Trust is hereby created to hold all the <br />assets of the Plan (except Deemed IRA contributions and earnings thereon held pursuanr to <br />Article IX) for the exclusive benefit of Participants and Beneficiaries, except that expenses . <br />and taxes may be paid from the Trust as provided in Section 6.03. The trusree shall be the <br />Employer or such other person that agrees to act in thar capacity hereunder. <br /> <br />6.02 Investment Powers: The rrustee or the Administrator, acting as agenr for the trustee, <br />shall have the powers listed in this Section with respecr to investment of Trust assets, except <br />to the extent that the investment of Trust assets is directed by Participants, pursuant to <br />Section 6.05. <br /> <br />(a) To invest and reinvest the Trust without distinction between principal and <br />income in common or preferred stocks, shares of regulated investment companies <br />and other mutual funds, bonds, loans, notes, debentures, certificates of deposit, <br />contracts with insurance companies including but not limited to insurance, <br />individual or group annuity, deposit administration, guaranteed interesr <br />contracts, and deposirs ar reasonable rates of inreresr at banking institutions <br />including but not limited to savings accounts and certificates of deposit. Assets <br />of the Trust may be invested in securities that involve a higher degree of risk than <br />investments that have demonstrated their investment performance over an <br />extended period of time. <br /> <br />.\ <br /> <br />(b) To invest and reinvest all or any part of the assets of the Trust in any common, <br />collective ot commingled trust fund that is maintained by a bank or other <br />institution and that is available to Employee plans described under Sections 457 <br />or 401 of the Code, or any successor provisions thereto, and during the period of <br />time that an investment through any such medium shall exist, to the extent of <br />participation of the Plans the declaration of trust of such commonly collective, or <br />commingled trust fund shall constitute a part of this Plan. <br /> <br />~ <br /> <br />:~ <br /> <br />~ <br /> <br />(c) To invest and reinvest all or any part of the assets of the Trust in any group <br />annuity, deposit administration or guaranteed interest contract issued by an <br />insurance company or other fmancial institution on a commingled.or collective <br />basis with the assets of any other 457 plan Ot trust qualified under Section 401 (a) <br />of the Code or any other plan described in Section 401 (a) (24) of the Code, and <br />such contract may be held or issued in the name of the Administrator, or such <br />custodian as the Administraror may appoint, as agent and nominee for the <br />Employer. During the period that an investment through any such contract shall <br />exist, to the extenr of participation of the Plan, the terms and conditions of such <br />. conrract shall constitute a part of the Plan. <br /> <br />~~ . <br /> <br />,~" . <br /> <br />.~ <br /> <br />( d) To hold cash awaiting investment and to keep such portion of the Trust in cash . <br />or cash balances, without liability for interest, in such amounrs as may from time <br />to time be deemed to be reasonable and necessary to meet obligations under the <br />Plan or otherwise to be in the best interests of the Plan. <br /> <br />':,:'. ,.";",' <br /> <br />6 <br />