Plan Administration, Identification of Fiduciaries Sample Clauses

Plan Administration, Identification of Fiduciaries. The Plan is administered by the Plan Administrator or by any duly authorized delegate thereof. Except as otherwise provided herein, a committee comprised of one or more members appointed by the Company to oversee the investment of the Plan's assets (the "Investment Committee") has the authority and responsibility to appoint or select trustees, custodians, and the Named Fiduciary described herein, to determine the number and type of investment options (including, without limitation, the investment style of each investment option, such as active or passive management style, growth or value investment orientation or large cap or small cap investment orientation) offered under the Plan and to exercise investment discretion with respect to the Company Stock Fund and the ESOP, to oversee any Participant-directed brokerage accounts, and to select mutual funds or a window option of mutual funds ("window option") pursuant to and in accordance with the terms of the Plan. The Named Fiduciary has the authority and responsibility to select, subject to the authority of the Investment Committee set forth in the immediately preceding sentence, the investment options offered under the Plan (within the categories established by the Investment Committee), to appoint the investment manager for each option made available under the Plan (other than the ESOP, the Company Stock Fund, any Participant-directed brokerage account, or any mutual fund, or window option), to establish
Sample 1
AutoNDA by SimpleDocs
Plan Administration, Identification of Fiduciaries. The Plan is administered by the Plan Administrator or by any duly authorized delegate thereof. The Plan provides that all directions to the Trustee with respect to the investment of the Trust Fund shall be made by the Investment Committee. Pursuant to an investment management agreement (amended and restated effective as of January 1, 1987), the Committee has appointed SIMCO as the investment manager for the Trust Fund. Under this agreement, SIMCO has the exclusive discretionary authority to manage the assets of the Trust Fund subject to any investment limitations and restrictions imposed by the Committee from time to time. While such investment management agreement is in effect, the Trustee may follow and rely on SIMCO's direction as though SIMCO were the Committee with respect to the authority granted to it by the Committee under such investment management agreement. As of the effective date of this Trust Agreement, the Company, the Committee and, to the extent it has the responsibility to appoint, retain and terminate investment managers and to direct investments, SIMCO, are "named fiduciaries" of the Plan as described in Section 402 of ERISA. In addition, to the extent permitted under ERISA, the term "named fiduciary" shall include each person entitled to benefits under the Plan to the extent of his authority to (i) exercise shareholder rights, including voting, tender and exchange rights, in accordance with Section 7 with respect to Common Stock, shares of DWDC and shares of Allstate allocated to his account under the Plan and with respect to a proportionate share of the unallocated Common Stock and the allocated Common Stock, shares of DWDC and shares of Allstate for which other participants do not give timely voting instructions to the Trustee in accordance with Section 7, (ii) elect either the continued holding of DWDC shares or Allstate shares or the sale of such shares and reinvestment of proceeds in Common Stock, as set forth in the Plan, or (iii) direct the investment of his accounts under the Plan.
Sample 1

Related to Plan Administration, Identification of Fiduciaries

  • Plan Administration The Plan is administered by the Committee, which has sole and exclusive power and discretion to interpret, administer, implement and construe the Plan and this Agreement. All elections, notices and correspondence relating to the Plan should be directed to the Secretary at: Chart Industries, Inc. One Infinity Xxxxxxxxx Xxxxxx, Xxxxx 000 Xxxxxxxx Xxxxxxx, XX 00000 Attn.: Secretary

  • Identification of Plans (A) None of the Consolidated Companies nor any of their respective ERISA Affiliates maintains or contributes to, or has during the past two years maintained or contributed to, any Plan that is subject to Title IV of ERISA, and (B) none of the Consolidated Companies maintains or contributes to any Foreign Plan;

  • Named Fiduciary and Plan Administrator The “Named Fiduciary and Plan Administrator” of this Director Plan shall be Heritage Bank of Commerce until its resignation or removal by the Board. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control and administration of the Director Plan. The Named Fiduciary may delegate to others certain aspects of the management and operation responsibilities of the Director Plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

  • Committee Administration This option has been granted pursuant to a determination made by the Committee, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itself, subject to the express terms of this option, shall have plenary authority to interpret any provision of this option and to make any determinations necessary or advisable for the administration of this option and the exercise of the rights herein granted, and may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to Optionee by the express terms hereof.

  • Sharing of Participant Information 20 7.4 REPORTING AND DISCLOSURE AND COMMUNICATIONS TO PARTICIPANTS..................................................20 7.5 NON-TERMINATION OF EMPLOYMENT; NO THIRD-PARTY BENEFICIARIES.................................................20 7.6

  • Claims Administration the processing of claims made under the Insurance Policies, including the reporting of claims to the insurance carrier, management and defense of claims and providing for appropriate releases upon settlement of claims.

  • Plan Administrator Duties The Plan Administrator shall administer this Agreement according to its express terms and shall also have the discretion and authority to (i) make, amend, interpret and enforce all appropriate rules and regulations for the administration of this Agreement and (ii) decide or resolve any and all questions, including interpretations of this Agreement, as may arise in connection with this Agreement to the extent the exercise of such discretion and authority does not conflict with Code Section 409A.

  • Administration of Plan The Plan is administered by a Committee appointed by the Company's Board of Directors. The Committee has the authority to construe and interpret the Plan, to make rules of general application relating to the Plan, to amend outstanding options, and to require of any person exercising this option, at the time of such exercise, the execution of any paper or the making of any representation or the giving of any commitment that the Committee shall, in its discretion, deem necessary or advisable by reason of the securities laws of the United States or any State, or the execution of any paper or the payment of any sum of money in respect of taxes or the undertaking to pay or have paid any such sum that the Committee shall in its discretion, deem necessary by reason of the Internal Revenue Code or any rule or regulation thereunder, or by reason of the tax laws of any State.

  • Named Fiduciary The Company shall be the named fiduciary and plan administrator under this Agreement. It may delegate to others certain aspects of the management and operational responsibilities including the employment of advisors and the delegation of ministerial duties to qualified individuals.

  • Plan Fiduciaries For all periods at and after the Effective Time, the parties agree that the applicable fiduciaries of each of the Parent 401(k) Plan and the SpinCo 401(k) Plan, respectively, shall have the authority with respect to the Parent 401(k) Plan and the SpinCo 401(k) Plan, respectively, to determine the investment alternatives, the terms and conditions with respect to those investment alternatives and such other matters as are within the scope of their duties under ERISA and the terms of the applicable plan documents.

Time is Money Join Law Insider Premium to draft better contracts faster.