For Retirement Plans Sample Clauses

For Retirement Plans. Investment Manager Provisions If (i) I am executing this MSA on behalf of an employee benefit plan (“Plan”) subject to ERISA or am a trustee or other fiduciary for the Plan (“Plan Sponsor”), or (ii) the Advisor provides discretionary investment management services to participants in the Plan, this section of the MSA applies to the relationship between (i) the Plan and (ii) Commonwealth and the Advisor. To the extent that participants in the Plan receive discretionary investment management services from the Advisor, the participants are considered clients for purposes of this section of this MSA. The Plan Sponsor represents and affirms that he or she is a named fiduciary to the Plan, and on behalf of the Plan, the Plan Sponsor hereby appoints and retains Advisor to act as “investment manager” as defined in Section 3(38) of ERISA (29 USC § 1002(38)) for Plan assets. Advisor shall have and exercise discretionary power, control, and authority to manage, acquire, or dispose of the assets of the Plan held in the PPS Account under this MSA. Advisor hereby acknowledges that the Advisor is fiduciary with respect to the Plan. • Fiduciary Responsibilities The Advisor shall provide the discretionary investment management services under this MSA in accordance with the fiduciary standards under ERISA. Neither the Advisor nor Commonwealth shall be responsible for preventing any other fiduciaries for the Plan from breaching their fiduciary duties or rectifying any such breach. • Administrative and Other Charges The Plan Sponsor understands that the Plan may be assessed transaction charges, as set forth in this MSA, as modified from time to time. The Plan Sponsor also understands that the Plan may be subject to the customary fees and charges related to mutual fund investments and other investments approved for inclusion in the PPS Account, including, but not limited to, deferred sales charges, short-term redemption fees, and other fees. Mutual fund 12b-1 fees are included among normal mutual fund expenses and are reflected in the fund’s financial statement. Mutual fund 12b-1 fees earned and received by Commonwealth from the Plan’s PPS Account will be credited back to the Plan’s PPS Account not less than quarterly. Commonwealth does not pass through to Advisors any portion of the transaction charges set forth in this MSA, 12b-1 fees paid by the Plan, or any portion of the fees that Commonwealth may receive from third parties. • Client Data The Plan Sponsor acknowledges that...
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Related to For Retirement Plans

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Benefits for Retirees The Employer will continue payment of Extended Health, Semi-Private Health Care Coverage or equivalent for any employee from the date of early retirement to the age of sixty-five (65). However, the Employer will not continue payment of the Dental Plan or any other benefit plan, and employees will not be entitled to subscribe to same under any conditions.

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Pre-Retirement Leave An employee scheduled to retire and to receive a superannuation allowance under the applicable Superannuation Act(s), or who has reached the mandatory retiring age, shall be entitled to:

  • Normal Retirement Date The date on which the Executive attains age sixty-five (65).

  • Post-Retirement Employment Unit members who retire from the University during the term of this Agreement may propose a post-retirement appointment of up to three years duration. During this post-retirement appointment, the total of retirement benefits and post-retirement salary paid by the University shall not exceed the salary paid at the time of retirement. The annual compensation received from the University for the post-retirement appointment shall not exceed fifty (50) percent of the annual salary at the time of retirement. The duties for a post-retirement appointment shall be defined and agreed to in writing by the bargaining unit member and the Employer/University Administration prior to the bargaining unit member's retirement. Such appointments are at the discretion of the Employer/University Administration and are subject to existing law and all rules and regulations of the State Retirement Board. The decision of the Employer/University Administration not to approve a proposal for a post-retirement appointment shall not be grievable under the Grievance and Arbitration Procedure, Article 7.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Public Employees Retirement System “PERS”) Members. For purposes of this Section 1, “employee” means an employee who is employed by the State on August 28, 2003 and who is eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

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