This excerpt taken from the COG 10-K filed Feb 28, 2007.
THE TRUSTEE AND THE TRUST FUND
11.1 Trustee: A Trustee has been appointed by the Company. Such Trustee and any successor Trustee shall serve at the pleasure of the Company and shall have such rights, duties and powers as are set forth in the Trust Agreement.
11.2 Trust Agreement: This Plan is a participating Plan under the Trust Agreement, known as the Cabot Oil & Gas Corporation Pension Plan Trust Agreement, effective January 1, 1991, providing for the administration of the Trust Fund by the Trustee. All the terms and conditions of the Trust Agreement, effective January 1, 1991, and as thereafter amended from time to time, are incorporated herein by reference to the extent not inconsistent herewith.
11.3 Benefits Paid Solely from Trust Fund: All benefits provided under the Plan shall be paid out of the Trust Fund. The Employers shall not be responsible or liable in any manner for payment of any such benefits, and all Participants shall look solely to the Trust Fund and to the adequacy thereof for the payment of any such benefits of any nature or kind which may at any time be payable hereunder, except to the extent, if any, that the Employers are liable to the Pension Benefit Guaranty Corporation under ERISA.
11.4 Trust Fund Applicable Only to Payment of Benefits: The Trust Fund shall be used and applied only to provide the benefits of the Plan in accordance with the provisions thereof. No part of the corpus or income of the Trust Fund will be used for, or diverted to, purposes other than for the exclusive benefit of Participants, retired Participants and their beneficiaries, or for the payment of reasonable expenses of the Plan, except as provided in Section 12.5.
11.5 Accounting by Trustee: The Trustee shall keep proper accounts of all investments, receipts, disbursements and other transactions effected by it hereunder, and all accounts, books and records relating thereto shall be open for inspection at all reasonable times by the Committee or by any other person designated by the Company, but nothing herein contained shall be construed to require the Trustee to maintain any record of the interests of the individual Participants in the Trust Fund. As of the close of each Plan Year (or more often, if requested by the Company), the Trustee shall prepare and furnish to the Committee, the Employers and the Actuary an annual valuation of the Trust Fund, containing a detailed statement of investments reflecting cost and market values, and a statement of receipts and disbursements of the Trust Fund and other transactions effected by it during such year.
11.6 Authorization to Protect Trustee: Any action by the Company or other Employer pursuant to any of the provisions of this Plan shall be evidenced by an appropriate written instrument or a resolution of its board of directors certified to the Trustee over the signature of its Secretary or Assistant Secretary under its corporate seal or by written instrument executed by any person authorized by said board of directors to take such action, and the Trustee shall be fully protected in acting in accordance with such written instrument or resolution so certified to it.
11.7 Exemption from Bond: The Trustee shall not be required to give bond or other security for the faithful performance of its duties hereunder unless otherwise required by law.