Delegation by Administrator Sample Clauses
The 'Delegation by Administrator' clause authorizes the administrator to assign some or all of their duties and responsibilities to other individuals or entities. In practice, this means the administrator can appoint agents or delegates to carry out specific tasks, such as managing records or overseeing certain operations, without needing direct involvement in every action. This clause ensures operational efficiency and flexibility by allowing the administrator to manage workload and expertise, ultimately facilitating smoother administration and continuity of responsibilities.
Delegation by Administrator. The Administrator may delegate to one or more Committees and/or sub-Committees, or to one or more officers of the Company and/or its Affiliates, or to one or more agents and/or advisors, such administrative duties or powers as it may deem advisable. The Administrator or any Committees or individuals to whom it has delegated duties or powers as aforesaid may employ one or more individuals to render advice with respect to any responsibility of the Administrator or such Committees or individuals may have under the Plan. The Administrator may, by resolution, authorize one or more officers of the Company to do one or both of the following on the same basis as can the Administrator: (i) designate Employees to be recipients of Awards and (ii) determine the size of any such Awards; provided, however, (x) the Committee shall not delegate such responsibilities to any such officer for Awards granted to an Employee who is considered an Insider; (y) the resolution providing such authorization sets forth the total number of Awards such officer(s) may grant; and (z) the officer(s) shall report periodically to the Administrator regarding the nature and scope of the Awards granted pursuant to the authority delegated.
Delegation by Administrator. Administrator may delegate any or all of its obligations to one or more entities or persons; provided, however, that Administrator shall not make any such delegation unless the Trust shall have approved such delegation; that Administrator shall pay any and all costs of services otherwise assigned to Administrator by this Agreement; and that Administrator shall be as fully responsible for the acts and omissions of the entity or person to whom Administrator has made such delegation as it would be for its own acts or omissions.
Delegation by Administrator. The Administrator may delegate to one or more Committees and/or sub-Committees, or to one or more officers of the Company and/or its Affiliates, or to one or more agents and/or advisors, such administrative duties or powers as it may deem advisable. The Administrator or any Committees or individuals to whom it has delegated duties or powers as aforesaid may employ one or more individuals to render advice with respect to any responsibility of the Administrator or such Committees or individuals may have under the Plan.
Delegation by Administrator. The Administrator may from time to time delegate to an individual, committee or organization certain of its fiduciary responsibilities under the Plan. Any such individual, committee or organization shall remain a fiduciary until such delegation is revoked by the Administrator, which revocation may be without cause and without advance notice. Such individual, committee or organization shall have such power and authority with respect to such delegated fiduciary responsibilities as the Administrator has under the Plan.