Named Fiduciary and Administrator. The Human Resources/Compensation Committee of the Board of Directors of the Bank shall be the named fiduciary and Administrator (the “Administrator”) of this Agreement. As Administrator, the Human Resources/Compensation Committee of the Board of Directors of the Bank shall be responsible for the management, control and administration of the Agreement as established herein. The Administrator may delegate to others certain aspects of the management and operational responsibilities of the Agreement, including the employment of advisors and the delegation of ministerial duties to qualified individuals.
Appears in 4 contracts
Samples: Executive Supplemental Retirement Income Agreement (Oceanfirst Financial Corp), Executive Supplemental Retirement Income Agreement (Oceanfirst Financial Corp), Executive Supplemental Retirement Income Agreement (Oceanfirst Financial Corp)
