More Than One Administrator. If more than one individual is appointed as Administrator under Section 12.01, such individuals shall either exercise the duties of the Administrator in concert, acting by a majority vote or allocate such duties among themselves by written agreement delivered to the Employer and the Trustee. In such a case, the Trustee may rely upon the instruction of any one of the individuals appointed as Administrator regardless of the allocation of duties among them.
Appears in 3 contracts
Samples: Scudder Flexi Plan Agreement (Scudder Equity Trust), Scudder Flexi Plan Agreement (Scudder Investment Trust), Scudder Flexi Plan Agreement (Scudder Portfolio Trust/)
More Than One Administrator. If more than one individual is appointed as Administrator under Section 12.01Administrator, such individuals shall either exercise the duties of the Administrator in concert, acting by a majority vote or allocate such duties among themselves by written agreement delivered to the Employer and the Trustee. In such a case, the Trustee may rely upon the instruction of any one of the individuals appointed as Administrator regardless of the allocation of duties among them.
Appears in 3 contracts
Samples: 401(k) Plan Adoption Agreement (United States Lime & Minerals Inc), Prototype 401(k) Plan (Associated Estates Realty Corp), 401(k) Plan Adoption Agreement (Tro Learning Inc)
More Than One Administrator. If more than one individual is --------------------------- appointed as Administrator under Section 12.01Administrator, such individuals shall either exercise the duties of the Administrator in concert, acting by a majority vote or allocate such duties among themselves by written agreement delivered to the Employer and the Trustee. In such a case, the Trustee may rely upon the instruction of any one of the individuals appointed as Administrator regardless of the allocation of duties among them.
Appears in 1 contract
Samples: 401(k) Plan Adoption Agreement (Chandler Insurance Co LTD)
