Common use of Delegation of Responsibility Clause in Contracts

Delegation of Responsibility. The Administrator may delegate duties involved in the administration of this Plan to the Compensation Committee or to the Executive Committee of the Board or to such other person or persons whose services are deemed necessary or convenient. However, the ultimate responsibility for the administration of this Plan shall remain with the Administrator.

Appears in 3 contracts

Samples: Supplemental Retirement Plan and Trust Agreement (Indianapolis Power & Light Co), Supplemental Retirement Plan and Trust Agreement (Indianapolis Power & Light Co), Supplemental Retirement Plan and Trust Agreement (Indianapolis Power & Light Co)

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Delegation of Responsibility. The Administrator may delegate duties involved in the administration of this Plan Agreement to the Compensation Committee or to the Executive Committee of the Board or to such other person or persons whose services are deemed necessary or convenientBoard. However, the ultimate responsibility for the administration of this Plan Agreement shall remain with the Administrator.

Appears in 2 contracts

Samples: Deferred Compensation Agreement (LSB Financial Corp), Deferred Compensation Agreement (LSB Financial Corp)

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Delegation of Responsibility. The Administrator may delegate duties involved in the administration of this Plan to the Compensation Committee or Agreement to the Executive Committee of the Board or to such other person or persons whose services are deemed by it to be necessary or convenient. However, the ultimate responsibility for the administration of this Plan Agreement shall remain with the Administrator.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Logansport Financial Corp)

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