Common use of Plan Sponsor Clause in Contracts

Plan Sponsor. The Plan Sponsor has sole responsibility for the establishment and maintenance of the Plan. The Plan Sponsor through its Board shall have the power and authority to appoint the Plan Administrator, Trustee and any other professionals as may be required for the administration of the Plan. The Plan Sponsor shall also have the right to remove any individual or party appointed to perform administrative, investment, fiduciary or other functions under the Plan. The Plan Sponsor may delegate any of its powers to the Plan Administrator, Board member or a committee of the Board.

Appears in 4 contracts

Samples: Nonqualified Deferred Compensation Plan (1895 Bancorp of Wisconsin, Inc. /MD/), Nonqualified Deferred Compensation Plan (1895 Bancorp of Wisconsin, Inc.), Alexion Pharmaceuticals Inc

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Plan Sponsor. The Plan Sponsor has sole responsibility for the establishment and maintenance of the Plan. The Plan Sponsor through its Board shall have the power and authority to appoint the Plan Administrator, Trustee and any other professionals as may be required for the administration of the Plan. The Plan Sponsor shall also have the right to remove any individual or party appointed to perform administrative, investment, fiduciary or other functions under the Plan. The Plan Sponsor may delegate any of its powers to the Plan Administrator, Board member or a committee of the Board.

Appears in 1 contract

Samples: Constellation Brands, Inc.

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