Common use of The Employer Clause in Contracts

The Employer. The Employer shall be responsible for all functions assigned or reserved to it under the Plan and any related Trust Agreement. Any authority so assigned or reserved to the Employer, other than responsibilities assigned to the Plan Administrator, shall be exercised by resolution of the Employer's Board of Directors and shall become effective with respect to the Trustee upon written notice to the Trustee signed by the duly authorized officer of the Board advising the Trustee of such exercise. By way of illustration and not by limitation, the Employer shall have authority and responsibility: (1) to amend the Plan; (2) to merge and consolidate the Plan with all or part of the assets or liabilities of any other plan; (3) to appoint, remove and replace the Trustee and the Plan Administrator and to monitor their performances; (4) to appoint, remove and replace one or more Investment Managers, or to refrain from such appointments, and to monitor their performances; (5) to communicate such information to the Plan Administrator, TPA, Trustee and Investment Managers as they may need for the proper performance of their duties; and (6) to perform such additional duties as are imposed by law. Whenever, under the terms of this Plan, the Employer is permitted or required to do or perform any act, it shall be done and performed by an officer thereunto duly authorized by its Board of Directors.

The Employer. The Employer shall be responsible for all functions assigned or reserved to it under the Plan and any related Trust Agreement. Any authority so assigned or reserved to the Employer, other than responsibilities assigned to the Plan Administrator, shall be exercised by resolution of the Employer's ’s Board of Directors and shall become effective with respect to the Trustee upon written notice to the Trustee signed by the duly authorized officer of the Board advising the Trustee of such exercise. By way of illustration and not by limitation, the Employer shall have authority and responsibility: (1) to amend the Plan; (2) to merge and consolidate the Plan with all or part of the assets or liabilities of any other plan; (3) to appoint, remove and replace the Trustee and the Plan Administrator and to monitor their performances; (4) to appoint, remove and replace one or more Investment Managers, or to refrain from such appointments, and to monitor their performances; (5) to communicate such information to the Plan Administrator, TPA, Trustee and Investment Managers as they may need for the proper performance of their duties; and (6) to perform such additional duties as are imposed by law. Whenever, under the terms of this Plan, the Employer is permitted or required to do or perform any act, it shall be done and performed by an officer thereunto duly authorized by its Board of Directors.

The Employer. The Employer shall be responsible for all functions assigned or reserved to it under the Plan and any related Trust Agreement. Any authority so assigned or reserved to the Employer, other than responsibilities assigned to the Plan Administrator, shall be exercised by resolution of the Employer's ’s Board of Directors and shall become effective with respect to the Trustee upon written notice to the Trustee signed by the duly authorized officer of the Board advising the Trustee of such exercise. By way of illustration and not by limitation, the Employer shall have authority and responsibilityresponsibility to perform the following acts: (1) to amend Amend the Plan; (2) to merge Merge and consolidate the Plan with all or part of the assets or liabilities of any other plan; (3) to appointAppoint, remove and replace the Trustee and the Plan Administrator and to monitor their performances; (4) to appointAppoint, remove and replace one or more Investment Managers, or to refrain from such appointments, and to monitor their performances; (5) to communicate Communicate such information to the Plan Administrator, TPA, Trustee and Investment Managers as they may need for the proper performance of their duties; and (6) to perform Perform such additional duties as are imposed by law. Whenever, under the terms of this Plan, the Employer is permitted or required to do or perform any act, it shall be done and performed by an officer thereunto duly authorized by its such Employer’s Board of Directors.