1Administrator Duties Sample Clauses
The 'Administrator Duties' clause defines the responsibilities and obligations of the party designated as the administrator under the agreement. Typically, this clause outlines tasks such as managing records, overseeing compliance with the contract, coordinating communications between parties, and ensuring that all procedural requirements are met. By clearly specifying these duties, the clause helps prevent misunderstandings about roles and ensures that administrative tasks are handled efficiently, supporting the smooth operation of the agreement.
1Administrator Duties. The Administrator shall be responsible for the management, operation, and administration of the Agreement. When making a determination or calculation, the Administrator shall be entitled to rely on information furnished by the Employer, Executive or Beneficiary. No provision of this Agreement shall be construed as imposing on the Administrator any fiduciary duty under ERISA or other law, or any duty similar to any fiduciary duty under ERISA or other law.