ALLOCATION OF FIDUCIARY RESPONSIBILITIES. The Named Fiduciary may allocate his or her responsibilities for the operation and administration of the Program, including the designation of persons to carry out fiduciary responsibilities under the Program. The Named Fiduciary shall effect any such allocation of his or her responsibilities by delivering to the Employer a written instrument signed by him or her that specifies the nature and extent of the responsibilities allocated, including the persons who are designated to carry out those fiduciary responsibilities under the Program, together with a signed acknowledgment of their acceptance.
ALLOCATION OF FIDUCIARY RESPONSIBILITIES. The Named Fiduciary may ---------------------------------------- allocate its responsibilities for the operation and administration of this split-dollar life insurance plan, including the designation of persons to carry out fiduciary responsibilities under such plan. The Named Fiduciary shall effect such allocation of its responsibilities by delivering to the Company a written instrument signed by it that specifies the nature and extent of the responsibilities allocated, including the persons who are designated to carry out those fiduciary responsibilities under the plan, together with a signed acknowledgment of their acceptance.
ALLOCATION OF FIDUCIARY RESPONSIBILITIES. The Named Fiduciary may allocate its responsibilities for the operation and administration of the Split Dollar Plan, including the designation of a person to carry out fiduciary responsibilities under such Plan. The Named Fiduciary shall effect such allocation of its responsibilities by delivering to the Company a written instrument signed by its members that specifies the nature and extent of the responsibilities allocated under the Split Dollar Plan, together with a signed acknowledgment of their acceptance by the persons to whom the responsibilities were allocated.
ALLOCATION OF FIDUCIARY RESPONSIBILITIES. If the Board of Trustees shall appoint a co-trustee, the trustees shall jointly manage and control the assets of the Fund unless the Board of Trustees shall allocate specific responsibilities, obligations and duties among the trustees. The Board of Trustees may allocate fiduciary responsibilities, other than the Trustee’s responsibilities, to other fiduciaries. If the Board of Trustees shall make an allocation, then the specified Trustee or fiduciary shall be responsible for the duties allocated to the Trustee or fiduciary and the other fiduciaries shall not be liable for any breach of fiduciary responsibility for the duties allocated except as set forth in section 4.9.
ALLOCATION OF FIDUCIARY RESPONSIBILITIES. All fiduciaries with respect to the Trust shall be required to meet the prudence, diversification and other fiduciary responsibilities of applicable law to the extent such requirements and responsibilities apply to them, provided each fiduciary shall be responsible for carrying out only the requirements, responsibilities and duties placed upon such fiduciary by this Trust Agreement. In particular, except as otherwise provided by law:
ALLOCATION OF FIDUCIARY RESPONSIBILITIES. If more than one individual or entity is appointed Plan Administrator, the Trustees may allocate some or all of the responsibilities of the Plan Administrator to each individual or entity so appointed, and each such individual or entity shall be responsible only for the duties allocated to it and any duties of the Plan Administrator which are not allocated. If more than one individual or entity is appointed Plan Administrator and the Trustees do not allocate Plan Administrator responsibilities to the individuals or entities so appointed, the individuals or entities appointed Plan Administrator may, by executing a written instrument, allocate some or all of the responsibilities of the Plan Administrator among themselves as indicated in such written instrument and each individual or entity shall be responsible only for the duties allocated to it and any duties which are not allocated. To the extent the responsibilities of the Plan Administrator are not allocated pursuant to this Section 21.2 to the individuals or entities appointed as Plan Administrator, the action of the Plan Administrator shall be taken by majority vote, or if less than three individuals or entities are appointed Plan Administrator, by unanimous consent. The Plan Administrator may designate persons or entities other than the Plan Administrator to perform some or all of the responsibilities of the Plan Administrator.
ALLOCATION OF FIDUCIARY RESPONSIBILITIES. . . 29 Section 10.03.
ALLOCATION OF FIDUCIARY RESPONSIBILITIES. The fiduciary responsibilities (within the meaning of ERISA) allocated to each named fiduciary designated in Section 10.01 hereof shall consist of the responsibilities, duties, authority and discretion of such named fiduciary which are expressly provided herein and in any related documents. Each such named fiduciary may obtain the services of such legal, actuarial, accounting and other assistants as it deems appropriate, any of whom may be assistants who also render services to any other named fiduciary, the Plan and/or the Company; provided, however, that where such services are obtained, the named fiduciary shall not be deemed to have delegated any of its fiduciary responsibilities to any such assistant but shall retain full and complete authority over and responsibility for any activities of such assistant. The Board, Trustee, any Investment Manager, Administrator and any individual members thereof shall not be responsible for any act or failure to act of any other one of them except as may be otherwise specifically provided under ERISA.
ALLOCATION OF FIDUCIARY RESPONSIBILITIES. 27 11.3 Records......................................................................27 11.4
ALLOCATION OF FIDUCIARY RESPONSIBILITIES. The Administrator may allocate certain of its fiduciary responsibilities among others and/or may designate other persons to carry out certain of its fiduciary responsibilities in accordance with and subject to the limitations of ERISA section 405. Any person or group of persons may serve in more than one fiduciary capacity with regard to the Plan. The Administrator and any fiduciary designated by the Administrator may employ one or more persons to render advice concerning their responsibilities under the Plan.
