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no further duty to make any investigation or inquiry before acting upon any such direction of the <br /> Committee. <br /> 6.6 Law. This Trust will be construed in accordance with the laws of the State of <br /> California and applicable federal law. <br /> 6.7 Invalidity. In the event any provision of this Trust is held illegal or invalid for any <br /> reason, said illegality or invalidity will not affect the remaining provisions hereof, and this Trust <br /> will thereafter be construed and enforced as if said illegal or invalid provisions had never been <br /> included therein, unless the illegality or invalidity frustrates the intended purposes of the Trust, <br /> in which case the Employer shall terminate the Trust in accordance with Section 5.3. <br /> ARTICLE VII <br /> DEFINITIONS <br /> 7.1 "Code" means the Internal Revenue Code of 1986, as amended. <br /> 7.2 "Committee" means the entity responsible for operating and administering the <br /> Trust in accordance with its terms. See Section 2.3. <br /> 7.3 "Employer" means the City of Pleasanton, a municipal corporation exempt from <br /> federal income tax under the Code. <br /> 7.4 "OPEBs" means post employment benefits other than pension benefits provided <br /> by the Employer to eligible retirees, spouses, domestic partners, and dependents. <br /> 7.5 "Participant" means a person who is entitled to receive OPEBs from the <br /> Employer. <br /> 7.6 "Trust" means this OPEB Trust, established by declaration of the Employer. <br /> 7.7 "Trustee" means the person(s) or entity appointed by the Employer to hold and <br /> invest Trust assets. See Section 2.2. <br /> ARTICLE VIII <br /> EXECUTION <br /> IN WITNESS WHEREOF, the Employer has caused this Trust to be executed by its duly <br /> authorized officer on this 23 day of June, 2009. <br /> C •FPLEASANTON <br /> 1 <br /> i �k e� 0 PS <br /> gnature) <br /> David P. Culver <br /> (name) <br /> Director of Finance, City of Pleasanton <br /> (title) <br /> 7 <br />