Common use of Designated Fiduciary Clause in Contracts

Designated Fiduciary. For purposes of the Employee Retirement Income Security Act of 1974, if applicable, the Company shall be the named fiduciary and plan administrator under the Agreement. The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Appears in 39 contracts

Samples: Group Term Replacement Plan (CFSB Bancorp, Inc. /MA/), Officer Group Term Replacement Plan (First Community Financial Corp), Group Term Replacement Agreement (Tower Bancorp Inc)

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Designated Fiduciary. For purposes of the Employee Retirement Income Security Act of 1974, if applicable, the Company shall be the named fiduciary and plan administrator under the Agreement. The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan including the employment service of advisors and the delegation of ministerial duties to qualified individuals.

Appears in 17 contracts

Samples: Director Incentive Retirement Agreement (Smithtown Bancorp Inc), Director Incentive Retirement Agreement (Smithtown Bancorp Inc), Director Incentive Retirement Agreement (First Litchfield Financial Corp)

Designated Fiduciary. For purposes of the Employee Retirement Income Security Act of 1974, if applicable, the The Company shall be the named fiduciary and plan administrator under the Agreement. The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Appears in 5 contracts

Samples: Director Deferred Fee Agreement (Community Valley Bancorp), Director Deferred Fee Agreement (Tib Financial Corp.), Director Deferred Fee Agreement (First Georgia Community Corp)

Designated Fiduciary. For purposes of the Employee Retirement Income Security Act of 1974, if applicable, the Company Plan Sponsor shall be the named fiduciary and plan administrator Plan Administrator under the Agreement. The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan plan, including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Plan (Somerset Hills Bancorp), Supplemental Executive Retirement Plan (Somerset Hills Bancorp), Supplemental Executive Retirement Plan (Somerset Hills Bancorp)

Designated Fiduciary. For purposes of the Employee Retirement Income Security Act of 1974, if applicable, the Company Bank shall be the named fiduciary and plan administrator under the Agreement. The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Appears in 2 contracts

Samples: Executive Incentive and Retirement Agreement (New South Bancshares Inc), Officer Group Term Replacement Plan (Sandy Spring Bancorp Inc)

Designated Fiduciary. For purposes of the Employee Retirement Income Security Act of 1974, if applicable, the Company Bank shall be the named fiduciary and plan administrator under the Agreement. The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan Plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Appears in 2 contracts

Samples: Group Term Carve Out Plan (Cortland Bancorp Inc), Group Term Carve Out Plan (Unb Corp/Oh)

Designated Fiduciary. For purposes of the Employee Retirement Income Security Act of 19741975, if applicable, the Company shall be Corporation is hereby designated as the named fiduciary and plan administrator under this Plan. The named fiduciary shall have authority to control and manage the Agreementoperation and administration of this Plan, and it shall be responsible for establishing and carrying out a funding policy and method consistent with the objectives of this Plan. The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Appears in 2 contracts

Samples: Split Dollar Life Insurance Plan (Heartland Financial Usa Inc), Split Dollar Life Insurance Plan (Heartland Financial Usa Inc)

Designated Fiduciary. For purposes of the Employee Retirement Income Security Act of 1974, if applicable, the Company shall be the named fiduciary and plan administrator under the AgreementPlan. The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Appears in 1 contract

Samples: Group Term Carve Out Plan (LaPorte Bancorp, Inc.)

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Designated Fiduciary. For purposes of the Employee Retirement Income Security Act of 1974, if applicable, the Company Bank shall be the named fiduciary and plan administrator under the Agreement. The named fiduciary may delegate to others certain aspects of the management and operation operational responsibilities of the plan Plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Appears in 1 contract

Samples: Group Term Carve Out Plan (Newmil Bancorp Inc)

Designated Fiduciary. For the purposes of the Employee Retirement Income Security Act of 1974, if applicable, the Company shall be the named fiduciary and plan administrator under the Agreement. The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan Plan, including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Appears in 1 contract

Samples: Group Term Carve Out Plan (Yadkin Valley Financial Corp)

Designated Fiduciary. For purposes of the Employee Retirement Income Security Act of 1974, if applicable, the Company shall be the named fiduciary and plan administrator under the Agreement. The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan Plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Appears in 1 contract

Samples: Group Term Carve Out Plan (MBT Financial Corp)

Designated Fiduciary. For purposes of the Employee Retirement Income Security Act of 1974, if applicable, the Company shall be the named fiduciary and plan administrator under the Agreement. The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan 'including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Appears in 1 contract

Samples: Group Term Replacement Plan (Orrstown Financial Services Inc)

Designated Fiduciary. For purposes of the Employee Retirement Income Security Act of 1974, if applicable, the Company Bank shall be the named fiduciary and plan administrator under the Agreementadministrator. The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan Plan, including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Appears in 1 contract

Samples: Group Term Carve Out Plan (Unizan Financial Corp)

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