Common use of ERISA PROVISIONS Clause in Contracts

ERISA PROVISIONS. The following provisions are part of this Agreement and are intended to meet the requirements of the Employee Retirement Income Security Act of 1974 ("ERISA"): A. Named Fiduciary and Plan Administrator. The "Named Fiduciary and Plan Administrator" of this Endorsement Method Split Dollar Agreement shall be Gwinnett Banking Company until resignation or removal by the Board of Directors. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan as established herein. 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 any ministerial duties to qualified individuals.

Appears in 4 contracts

Samples: Life Insurance Endorsement Method Split Dollar Plan Agreement (GBC Bancorp Inc), Life Insurance Endorsement Method Split Dollar Plan Agreement (GBC Bancorp Inc), Life Insurance Endorsement Method Split Dollar Plan Agreement (GBC Bancorp Inc)

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ERISA PROVISIONS. The following provisions are part of this Agreement and are intended to meet the requirements of the Employee Retirement Income Security Act of 1974 ("ERISA"): A. Named Fiduciary and Plan AdministratorNAMED FIDUCIARY AND PLAN ADMINISTRATOR. The "Named Fiduciary and Plan Administrator" of this Endorsement Method Split Dollar Agreement shall be Gwinnett Banking Company Clovis Community Bank until resignation or removal by the Board of Directors. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan as established herein. 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 any ministerial duties to qualified individuals.

Appears in 4 contracts

Samples: Endorsement Method Split Dollar Plan Agreement (Central Valley Community Bancorp), Endorsement Method Split Dollar Plan Agreement (Central Valley Community Bancorp), Endorsement Method Split Dollar Plan Agreement (Central Valley Community Bancorp)

ERISA PROVISIONS. The following provisions are part of this Agreement and are intended to meet the requirements of the Employee Retirement Income Security Act of 1974 ("ERISA"): A. Named Fiduciary and Plan Administrator. The "Named Fiduciary and Plan Administrator" of this Endorsement Method Split Dollar Agreement shall be Gwinnett Banking Company the Mechanics and Farmers Bank until its resignation or removal by the Board of Directors. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan Agreement as established herein. The Named Fiduciary may delegate to others certain aspects of the management and operation responsibilities of the PlanAgreement, including the employment of advisors and the delegation of any ministerial duties to qualified individuals.

Appears in 3 contracts

Samples: Split Dollar Life Insurance Agreement, Split Dollar Life Insurance Agreement (M&f Bancorp Inc /Nc/), Split Dollar Life Insurance Agreement (M&f Bancorp Inc /Nc/)

ERISA PROVISIONS. The following provisions are part of this Agreement and are intended to meet the requirements of the Employee Retirement Income Security Act of 1974 ("ERISA"): A. Named Fiduciary and Plan Administrator. The "Named Fiduciary and Plan Administrator" of this Endorsement Method Split Dollar Agreement shall be Gwinnett Banking Company GrandSouth Bank until its resignation or removal by the Board of Directors. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan as established herein. 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 any ministerial duties to qualified individuals.

Appears in 2 contracts

Samples: Executive Supplemental Retirement Plan Executive Agreement (Grandsouth Bancorporation), Executive Supplemental Retirement Plan (Grandsouth Bancorporation)

ERISA PROVISIONS. The following provisions are part of this Agreement and are intended to meet the requirements of the Employee Retirement Income Security Act of 1974 ("ERISA"): A. Named Fiduciary and Plan Administrator. The "Named Fiduciary and Plan Administrator" of this Endorsement Method Split Dollar Agreement shall be Gwinnett Banking Company The East Carolina Bank until its resignation or removal by the Board of Directors. As Named Fiduciary and Plan Administrator, the Bank or the Trustee at the direction of the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan as established herein. 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 any ministerial duties to qualified individuals.

Appears in 2 contracts

Samples: Endorsement Method Split Dollar Plan Agreement (Ecb Bancorp Inc), Endorsement Method Split Dollar Plan Agreement (Ecb Bancorp Inc)

ERISA PROVISIONS. The following provisions are part of this Agreement and are intended to meet the requirements of the Employee Retirement Income Security Act of 1974 ("ERISA"): A. Named Fiduciary and Plan Administrator. --------------------------------------- The "Named Fiduciary and Plan Administrator" of this Endorsement Method Split Dollar Agreement shall be Gwinnett Banking Company Community Trust Bank until resignation or removal by the Board of Directors. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan as established herein. 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 any ministerial duties to qualified individuals.

Appears in 2 contracts

Samples: Life Insurance Endorsement Method Split Dollar Plan Agreement (Community Trust Financial Services Corporation), Life Insurance Endorsement Method Split Dollar Plan Agreement (Community Trust Financial Services Corporation)

ERISA PROVISIONS. The following provisions are part of this Agreement and are intended to meet the requirements of the Employee Retirement Income Security Act of 1974 ("ERISA"): A. Named Fiduciary and Plan Administrator. : The "Named Fiduciary and Plan Administrator" of this Life Insurance Endorsement Method Split Dollar Agreement shall be Gwinnett Banking Company until its resignation or removal by the Board of Directors. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan as established herein. 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 any ministerial duties to qualified individuals.

Appears in 1 contract

Samples: Life Insurance Endorsement Method Split Dollar Plan Agreement (GBC Bancorp Inc)

ERISA PROVISIONS. The following provisions are part of this Agreement and are intended to meet the requirements of the Employee Retirement Income Security Act of 1974 ("ERISA"): A. Named Fiduciary and Plan Administrator. ------------------------------------------- The "Named Fiduciary and Plan Administrator" of this Endorsement Method Split Dollar Agreement shall be Gwinnett Banking Company Cherokee Bank, until its resignation or removal by the Board of Directors. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan as established herein. 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 any ministerial duties to qualified individuals.

Appears in 1 contract

Samples: Endorsement Method Split Dollar Plan Agreement (Cherokee Banking Co)

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ERISA PROVISIONS. The following provisions are part of this Agreement and are intended to meet the requirements of the Employee Retirement Income Security Act of 1974 ("ERISA"): A. Named Fiduciary and Plan Administrator. -------------------------------------- The "Named Fiduciary and Plan Administrator" of this Endorsement Method Split Dollar Agreement shall be Gwinnett Banking Company North Georgia National Bank until its resignation or removal by the Board of Directors. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan as established herein. 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 any ministerial duties to qualified individuals.

Appears in 1 contract

Samples: Executive Supplemental Retirement Plan (North Georgia Community Financial Partne)

ERISA PROVISIONS. The following provisions are part of this Agreement and are intended to meet the requirements of the Employee Retirement Income Security Act of 1974 ("ERISA"): A. Named Fiduciary and Plan Administrator. The "Named Fiduciary and Plan Administrator" of this Endorsement Method Split Dollar Agreement shall be Gwinnett Banking Company Carolina Bank until its resignation or removal by the Board of Directors. As Named Fiduciary and Plan Administrator, the Bank or the Trustee at the direction of the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan as established herein. 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 any ministerial duties to qualified individuals.

Appears in 1 contract

Samples: Life Insurance Endorsement Method Split Dollar Plan Agreement (Carolina Bank Holdings Inc)

ERISA PROVISIONS. The following provisions are part of this Agreement and are intended to meet the requirements of the Employee Retirement Income Security Act of 1974 ("ERISA"): A. Named Fiduciary and Plan Administrator. ------------------------------------------- The "Named Fiduciary and Plan Administrator" of this Endorsement Method Split Dollar Agreement shall be Gwinnett Banking Company Cherokee Bank until its resignation or removal by the Board of Directors. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan as established herein. 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 any ministerial duties to qualified individuals.

Appears in 1 contract

Samples: Endorsement Method Split Dollar Plan Agreement (Cherokee Banking Co)

ERISA PROVISIONS. The following provisions are part of this Agreement and are intended to meet the requirements of the Employee Retirement Income Security Act of 1974 ("ERISA"): A. Named Fiduciary and Plan AdministratorNAMED FIDUCIARY AND PLAN ADMINISTRATOR. The "Named Fiduciary and Plan Administrator" of this Endorsement Method Split Dollar Agreement shall be Gwinnett Banking Company Chattahoochee National Bank, until its resignation or removal by the Board of Directors. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan as established herein. 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 any ministerial duties to qualified individuals.

Appears in 1 contract

Samples: Life Insurance Endorsement Method Split Dollar Plan Agreement (First Capital Bancorp, Inc.)

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