Administrative Fees and Expenses. All reasonable costs, charges and expenses incurred by the Plan Administrator or the Trustee in connection with the administration of the Plan or the Trust shall be paid by the Plan Sponsor. If not so paid, such costs, charges and expenses shall be charged to the Trust, if any, established in connection with the Plan. The Trustee shall be specifically authorized to charge its fees and expenses directly to the Trust. If the Trust has insufficient liquid assets to cover the applicable fees, the Trustee shall have the right to liquidate assets held in the Trust to pay any fees or expenses due. Notwithstanding the foregoing, no Compensation other than reimbursement for expenses shall be paid to a Plan Administrator who is an employee of the Plan Sponsor.
Appears in 4 contracts
Samples: Nonqualified Deferred Compensation Plan (1895 Bancorp of Wisconsin, Inc. /MD/), Nonqualified Deferred Compensation Plan (1895 Bancorp of Wisconsin, Inc.), Nonqualified Deferred Compensation Plan (Alexion Pharmaceuticals Inc)
Administrative Fees and Expenses. All Except for Trustee fees and expenses, all reasonable costs, charges and expenses incurred by the Plan Administrator or the Trustee in connection with the administration of the Plan or the Trust shall be paid by the Plan SponsorEmployer. If not so paid, such costs, charges and expenses shall be charged to the Trust, if any, established in connection with the Plan. The Trustee shall be specifically authorized to charge its fees and expenses directly to the Trust. If the Trust has insufficient liquid assets to cover the applicable fees, the Trustee shall have the right to liquidate assets held in the Trust to pay any fees or expenses due. Notwithstanding the foregoing, no Compensation compensation other than reimbursement for expenses shall be paid to a Plan Administrator who is an employee Employee of the Plan SponsorEmployer.
Appears in 2 contracts
Samples: Nonqualified Deferred Compensation Plan (Si International Inc), Nonqualified Deferred Compensation Plan Adoption Agreement (Si International Inc)
Administrative Fees and Expenses. All reasonable costs, charges and expenses incurred by the Plan Administrator or the Trustee in connection with the administration of the Plan or the Trust shall be paid by the Plan SponsorService Recipient. If not so paid, such costs, charges and expenses shall be charged to the Trust, if any, established in connection with the Plan. The Trustee shall be specifically authorized to charge its fees and expenses directly to the Trust. If the Trust has insufficient liquid assets to cover the applicable fees, the Trustee shall have the right to liquidate assets held in the Trust to pay any fees or expenses due. Notwithstanding the foregoing, no Compensation other than reimbursement for expenses shall be paid to a Plan Administrator who is an employee a Service Provider of the Plan SponsorService Recipient.
Appears in 2 contracts
Samples: Nonqualified Deferred Compensation Plan (Si International Inc), Nonqualified Deferred Compensation Plan (Si International Inc)
Administrative Fees and Expenses. All reasonable costs, charges and expenses incurred by the Plan Administrator or the Trustee in connection with the administration of the Plan or the Trust shall be paid by the Plan Sponsor. If not so paid, such costs, charges and expenses shall be charged to the Trust, if any, established in connection with the Plan. The Trustee shall be specifically authorized to charge its fees and expenses directly to the Trust. If the Trust has insufficient liquid assets to cover the applicable fees, the Trustee shall have the right to liquidate assets held in the Trust to pay any fees or expenses due. Notwithstanding the foregoing, no Compensation other than reimbursement for expenses shall be paid to a Plan Administrator who is an employee of the Plan Sponsor.
Appears in 1 contract
Samples: Non Qualified Savings Plan (Constellation Brands, Inc.)
