Common use of Client’s Control and Authority Clause in Contracts

Client’s Control and Authority. The Client acknowledges that, except as expressly provided in this Contract, it and the Plan Administrator have the exclusive authority to control and manage the Plan. The Client expressly agrees that the Company is not the Plan Administrator. The Client expressly agrees that the Company is not the named fiduciary or a fiduciary of the Plan and that neither the Client nor the Plan Administrator will designate the Company as the named fiduciary or a fiduciary of the Plan. Nothing in this Contract shall be deemed to confer upon the Company any power, discretion, authority or control over the Plan or Plan assets, or responsibility for the terms or validity of the Plan, or to alter, modify, or waive any terms or conditions of the Plan, or to waive any breach of any such terms of conditions, or to bind the Client.

Client’s Control and Authority. The Client acknowledges that, except as expressly provided in this Contract, it and the Plan Administrator have the exclusive authority to control and manage the Plan. The Client expressly agrees that the Company is not the Plan Administrator. The Client expressly agrees that the Company is not the named fiduciary or a fiduciary of the Plan and that neither the Client nor the Plan Administrator will designate the Company as the named fiduciary or a fiduciary of the Plan. Nothing in this Contract shall be deemed to confer upon the Company any power, discretion, authority or control over the Plan or Plan assets, or responsibility for the terms or validity of the Plan, or to alter, modify, or waive any terms or conditions of the Plan, or to waive any breach of any such terms of conditions, or to bind the Client...