Common use of Named Fiduciary Clause in Contracts

Named Fiduciary. The members of the Committee shall be the "named fiduciary" for purposes of section 402(a)(1) of ERISA, and as such shall have the authority to control and manage the operation and administration of the Plan, except to the extent such authority and control is allocated or delegated to other parties pursuant to the terms of the Plan.

Appears in 9 contracts

Samples: 401(k) Plan Amendment and Restatement (Quanex Corp), 401(k) Savings Plan Amendment and Restatement (Quanex Corp), 401(k) Savings Plan Amendment and Restatement (Mens Wearhouse Inc)

AutoNDA by SimpleDocs

Named Fiduciary. The members of the Committee shall be the "named fiduciary" for purposes of section 402(a)(1) of ERISA, and as such shall have the authority to control and manage the operation and administration of the Plan, except to the extent such authority and control is allocated or delegated to other parties pursuant to the terms of the Plan.

Appears in 5 contracts

Samples: 401(k) Savings Plan (Mens Wearhouse Inc), 401(k) Plan Amendment and Restatement (Quanex Corp), Employee Savings Plan (Quanex Corp)

Named Fiduciary. The members of the Committee shall be the "named fiduciary" for purposes of section 402(a)(1) of ERISA, and as such shall have the authority to control and manage the operation and administration of the Plan, except to the extent such authority and control is are allocated or delegated to other parties pursuant to the terms of the Plan.

Appears in 3 contracts

Samples: 401(k) Savings Plan (Kaneb Services LLC), 401(k) Savings Plan (Kaneb Services LLC), 401(k) Savings Investment Plan (Xanser Corp)

AutoNDA by SimpleDocs

Named Fiduciary. The members of the Committee shall be the "named fiduciary" for purposes of section 402(a)(1) of ERISA, and as such shall have the authority to control and manage the operation and administration of the Plan, except to the extent such authority and control is are allocated or delegated to other parties pursuant to the terms of the Plan.

Appears in 2 contracts

Samples: 401(k) Savings Investment Plan (Furmanite Corp), 401(k) Savings Investment Plan Amendment (Furmanite Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!