Fiduciary Liability. To the best of OAK BROOK's knowledge, there have been no acts, failures to act, omissions or transactions involving a Statutory Plan or the assets thereof which could result in imposition on OAK BROOK (whether direct or indirect) of material damages or liability in actions brought under Section 502 or Sections 404 through 409 of ERISA.
Fiduciary Liability. The Insurer shall pay on behalf of the Insureds all Loss which the Insureds have become legally obligated to pay by reason of a Claim first made against them during the Policy Period or, if elected, the Extended Reporting Period, for any Wrongful Acts by the Insureds, or by any employee for whom such Insured is legally responsible, provided the Claim is reported to the Insurer as set forth in Section IX below.
Fiduciary Liability. To the extent permitted by law, the Plan Administrator shall not incur any liability for any acts or for failure to act except for their own willful misconduct or willful breach of this Plan.
Fiduciary Liability. Any breach of fiduciary responsibilities under ERISA by a fiduciary of the ESOP will not have a Material Adverse Effect on the Company.
Fiduciary Liability. Effective on the Distribution Date, the existing Insurance Policy covering directors and officers of the Altria Group and the PMI Group will be converted to a six-year run-off policy. Each of Altria and PMI will be allocated any credit for premium return under the existing policy based on the percentage of the premium payment allocated to such party in the most recent premium payment. Altria and PMI will bear the expense of the run-off policy in the same proportion. In the event the run-off policy coverage limit is reduced to less than $40 million as the result of payments of claims or claims expense on behalf of either the Altria Group or the PMI Group, the Group or Groups responsible for such reduction shall pay (in proportion to payments or claims expenses received by such party with respect to such coverage) to reinstate the coverage with limits no less than $40 million. Each of the Altria Group and the PMI Group shall be responsible for obtaining its own fiduciary liability policy for acts or omissions occurring on or after the Distribution Date.
Fiduciary Liability. The fiduciary liability for and funding of all eligible benefits as determined by the Plan Document shall be the sole responsibility of the participating School District in the Trust.
Fiduciary Liability. To the best of ALBARA or Albara Subsidiary's knowledge, there have been no acts, failures to act, omissions or transactions involving a Statutory Plan or the assets thereof which could result in imposition on ALBARA or Albara Subsidiary (whether direct or indirect) of material damages or liability in actions brought under Section 502 or Sections 404 through 409 of ERISA.
Fiduciary Liability. To the best of LEAPFROG and its subsidiaries' knowledge, there have been no acts, failures to act, omissions or transactions involving a Statutory Plan or the assets thereof which could result in imposition on LEAPFROG or its subsidiaries (whether direct or indirect) of material damages or liability in actions brought under Section 502 or Sections 404 through 409 of ERISA.
Fiduciary Liability. To the best of PVAXX and its subsidiaries' knowledge, there have been no acts, failures to act, omissions or transactions involving a Statutory Plan or the assets thereof which could result in imposition on PVAXX or its subsidiaries (whether direct or indirect) of material damages or liability in actions brought under Section 502 or Sections 404 through 409 of ERISA.
Fiduciary Liability. A Pension and Welfare Benefit Plan Fiduciaries’ and Administrators’ Liability Insurance Policy is purchased to cover the administrators of the employee benefit plans. The policy period is July 25, 2011 to July 25, 2012. This is claims-made coverage. Primary limits are $10 million combined single limit with a $150,000 deductible for Indemnifiable Loss; $2.5M Employer Securities Claims. The carrier is Travelers. The policy number is 105652936. 1st excess policy is with XL with limits of $10 million excess $10 million. The policy number is ELU122236-11. 2nd excess policy is with RLI with limits of $10 million excess $20 million. The policy number is EPG0008352. 3rd excess policy is with Axis with limits of $10 million excess $30 million. The policy number is MAN734112/02/2011. 4th excess policy is with National Union with limits of $10 million excess $40 million. The policy number is 00-000-00-00. Total limits are $50 million.
