All taxes of any kind (including, but not limited to, income tax, gift tax, estate tax, inheritance tax or similar transfer taxes of any kind, real or personal property tax, insurance premium tax or transfer tax incurred in connection with the investment, reinvestment or distribution of any plan-trust assets) that may be levied or assessed upon the plan-trust, its income or assets, shall, if allocable to the account of a particular participant or beneficiary, be charged to that plan account, and if not so allocable, shall be charged proportionately to all plan accounts, and shall be paid from the plan-trust and charged against the applicable account or all accounts. However, the plan-trustee is not obliged to pay any tax so long as it contests the validity of the tax.
(Ord. NIRC 97-1, passed 1-15-1997)