Common use of No Action with Respect to Own Benefit Clause in Contracts

No Action with Respect to Own Benefit. No Administrator who is a Participant shall take any part as the Administrator in any discretionary action in connection with his participation as an individual. Such action shall be taken by the remaining Administrator, if any, or otherwise by the Plan Sponsor.

Appears in 2 contracts

Samples: Plan and Trust Agreement (Eskimo Pie Corp), Eskimo Pie Corp

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No Action with Respect to Own Benefit. No Administrator who is a Participant shall take any part as the Administrator in any discretionary action in connection with his participation as an individual. Such action shall be taken by the remaining Administrator, if any, or otherwise by the Plan SponsorEmployer.

Appears in 1 contract

Samples: Master Defined Contribution Plan (Southern National Bancorp of Virginia Inc)

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No Action with Respect to Own Benefit. No Administrator who is a ------------------------------------- Participant shall take any part as the Administrator in any discretionary action in connection with his participation as an individual. Such action shall be taken by the remaining Administrator, if any, or otherwise by the Plan Sponsor.

Appears in 1 contract

Samples: Adoption Agreement (Eskimo Pie Corp)

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