Plan Sponsor's Control and Authority. The Plan Sponsor acknowledges that, except as expressly provided in this Agreement, it and the Plan Administrator have the exclusive authority to control and manage the Plan. The Plan Sponsor expressly agrees that the Company is not the Plan Administrator. The Plan Sponsor expressly agrees that the Company is not the named fiduciary or a fiduciary of the Plan and that neither the Plan Sponsor nor the Plan Administrator will designate the Company as the named fiduciary or a fiduciary of the Plan. Nothing in this Agreement shall be deemed to confer upon the Company any power, discretion, authority, or control over the Plan or Plan assets, or responsibility for the terms or validity of the Plan, or to alter, modify, or waive any terms or conditions of the Plan, or to waive any breach of any such terms of conditions, or to bind the Plan Sponsor, except as described in Section 2, hereof.
Appears in 5 contracts
Samples: Stop Loss Application and Administrative Services Agreement, Stop Loss Application and Administrative Services Agreement, Stop Loss Application and Administrative Services Agreement
