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Employers ' Participating Employees and their Beneficiaries consisting of such cash or other property acceptable to the Master Trustees as shall be transferred to the Master Trustees from time to time by the trustee of any Participating Employer ' s other post-employment benefit plan or plans , as provided in Section 502 hereof, for investment in the Master Trust Fund, together with the earnings, income, additions and appreciation thereon and thereto . Section 502 . ADMINISTRATION OF OTHER POST-EMPLOYMENT BENEFIT PLAN TRUST. A . General . The Master Trustees shall receive and accept for the purposes hereof all property paid to them by or at the direction of the Participating Employers and Participating Employees and shall hold, invest, reinvest, manage, administer and distribute property and the increments , proceeds, earnings and income thereof for the exclusive benefit of the Participating Employees and their Beneficiaries under the participating other post-employment benefit plans . All such assets shall be held by the Master Trustees in the Other Post-Employment Benefit Plan Trust. The Master Trustees have authority : 1 . to invest, manage and distribute the assets of the Other Post-Employment Benefit Plan Trust ; 2 . to establish and accumulate as part of the Master Trust Fund an adequate reserve to carry out the purposes of the Other Post-Employment Benefit Plan Trust; 3 , to pay any federal , state or local taxes or fees, which may be properly imposed on or levied against the Other Post-Employment Benefit Plan Trust or benefits paid therefrom ; and 4 , if deemed appropriate and advisable, to pay premiums on separately administered life or other insurance coverage on the lives of Participating Employees of Participating Employers with participating other post-employment benefit plans . B . Exclusive Benefit Rule . Except as otherwise provided by any applicable provision of any statute, regulation, ordinance, resolution or other post-employment benefit plan, no portion of the vested principal or the income of the Other Post-Employment Benefit Plan Trust shall revert to any Participating Employer, or ever be used for or diverted to any purpose other than for ( i) the exclusive benefit of Participating Employees in the participating post- employment benefit plans and persons claiming under or through them pursuant to such pians and ( ii) the payment of reasonable expenses of such plans and the Other Post-Employment Benefit Plan Trust, The Master Trustees shall administer the Other Post-Employment Benefit Plan Trust in compliance with IRC Section 503 ( b) . C . Contributions . The Administrator shall have the responsibility for accepting contributions by Participating Employers . Neither the Master Trustees nor the Administrator shall be under any duty to determine whether the amount of any contribution is in accordance with the Participating Employer' s other post-employment benefit plan or plans or to collect or enforce payment of any contribution . All contributions under the participating other post- employment benefit plans shall be transferred to the Other Post-Employment Benefit Plan Trust 26 MADI 625405.4