Common use of Limitation of Duties and Responsibilities of Named Fiduciaries Clause in Contracts

Limitation of Duties and Responsibilities of Named Fiduciaries. The duties and responsibilities, and any liability therefor, of the Named Fiduciaries provided for in paragraph 11.1 shall be severally limited to the duties and responsibilities specifically allocated to each such Named Fiduciary in accordance with the terms of the Plan, and there shall be no joint duty, responsibility, or liability among any such groups of Named Fiduciaries in the control and management of the operation and administration of the Plan.

Appears in 2 contracts

Samples: Profit Sharing Plan Adoption Agreement (Southern National Bancorp of Virginia Inc), Salaried Retirement Plan (Eskimo Pie Corp)

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Limitation of Duties and Responsibilities of Named Fiduciaries. The -------------------------------------------------------------- duties and responsibilities, and any liability therefor, of the Named Fiduciaries provided for in paragraph 11.1 shall be severally limited to the duties and responsibilities specifically allocated to each such Named Fiduciary in accordance with the terms of the Plan, and there shall be no joint duty, responsibility, or liability among any such groups of Named Fiduciaries in the control and management of the operation and administration of the Plan.

Appears in 1 contract

Samples: Salaried Retirement Plan (Eskimo Pie Corp)

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Limitation of Duties and Responsibilities of Named Fiduciaries. The duties and responsibilities, and any liability therefor, of the Named Fiduciaries provided for in paragraph 11.1 9.1 shall be severally limited to the duties and responsibilities specifically allocated to each such Named Fiduciary in accordance with the terms of the Plan, and there shall be no joint duty, responsibility, or liability among any such groups of Named Fiduciaries in the control and management of the operation and administration of the Plan.

Appears in 1 contract

Samples: Executive Retirement Plan (Eskimo Pie Corp)

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