Common use of Duties of the Employer Clause in Contracts

Duties of the Employer. The Employer shall have the sole responsibility for making the contributions necessary to provide benefits under the Plan, as determined by the Board of Trustees of the Employer. The Employer, as Plan Administrator, shall be the named fiduciary of the Plan and shall be the designated agent for service of legal process. As Administrator, the Employer shall administer the Plan in accordance with its terms and shall have all powers necessary or appropriate to carry out the provisions of the Plan. The Employer, acting through its Chief Executive Officer, as Plan Administrator, shall be authorized and empowered to employ professionals such as accountants, actuaries and attorneys to give advice and make accountings and calculations necessary to administration of the Plan and to employ staff assistants on behalf of the Plan and determine the compensation and benefits of such assistants. The Employer, acting through its Chief Executive Officer, as Plan Administrator, shall also be solely responsible for selecting an Actuary to make those computations and projections as are necessary to determine funding and benefit levels; to recommend acceptance or rejection of the Actuary’s report to the Board of Trustees of the Employer; and to otherwise supervise and control the actuarial work performed for the Plan. Further, the Employer, acting through its Chief Executive Officer, as Plan Administrator, shall also have the sole responsibility for developing, implementing and supervising an investment program for the management and investment of Plan assets, including the appointment of investment managers, portfolio managers, and/or advisors, if, in the opinion of the Administrator, such are advisable. [This Section is effective beginning October 1, 2007, and thereafter.]

Duties of the Employer. The Employer shall have the sole responsibility for making the contributions necessary to provide benefits under the Plan, as determined by the Board of Trustees of the Employer. The Employer, as Plan Administrator, shall be the named fiduciary of the Plan and shall be the designated agent for service of legal process. As Administrator, the Employer shall administer the Plan in accordance with its terms and shall have all powers necessary or appropriate to carry out the provisions of the Plan. The Employer, acting through its Chief Executive OfficerDirector, as Plan Administrator, shall be authorized and empowered to employ professionals such as accountants, actuaries and attorneys to give advice and make accountings and calculations necessary to administration of the Plan and to employ staff assistants on behalf of the Plan and determine the compensation and benefits of such assistants. The Employer, acting through its Chief Executive OfficerDirector, as Plan Administrator, shall also be solely responsible for selecting an Actuary to make those computations and projections as are necessary to determine funding and benefit levels; to recommend acceptance or rejection of the Actuary’s report to the Board of Trustees of the Employer; and to otherwise supervise and control the actuarial work performed for the Plan. Further, the Employer, acting through its Chief Executive OfficerDirector, as Plan Administrator, shall also have the sole responsibility for developing, implementing and supervising an investment program for the management and investment of Plan assets, including the appointment of investment managers, portfolio managers, and/or advisors, if, in the opinion of the Administrator, such are advisable. [This Section is effective beginning October 1for all dates before and including September 30, 2007, and thereafter.]

Duties of the Employer. The Employer shall have the sole responsibility for making the contributions necessary to provide benefits under the Plan, as determined by the Board of Trustees of the Employer. The Employer, as Plan Administrator, shall be the named fiduciary of the Plan and shall be the designated agent for service of legal process. As Administrator, the Employer shall administer the Plan in accordance with its terms and shall have all powers necessary or appropriate to carry out the provisions of the Plan. The Employer, acting through its Chief Executive OfficerDirector, as Plan Administrator, shall be authorized and empowered to employ professionals such as accountants, actuaries and attorneys to give advice and make accountings and calculations necessary to administration of the Plan and to employ staff assistants on behalf of the Plan and determine the compensation and benefits of such assistants. [Was the title “Executive Director” correct before 09/30/2009? See Section 10.1] The Employer, acting through its Chief Executive OfficerDirector, as Plan Administrator, shall also be solely responsible for selecting an Actuary to make those computations and projections as are necessary to determine funding and benefit levels; to recommend acceptance or rejection of the Actuary’s report to the Board of Trustees of the Employer; and to otherwise supervise and control the actuarial work performed for the Plan. Further, the Employer, acting through its Chief Executive OfficerDirector, as Plan Administrator, shall also have the sole responsibility for developing, implementing and supervising an investment program for the management and investment of Plan assets, including the appointment of investment managers, portfolio managers, and/or advisors, if, in the opinion of the Administrator, such are advisable. [This Section is effective beginning October 1for all dates before and including September 30, 2007, and thereafter.]