Common use of Third Party Administrators for Defined Contribution Plans Clause in Contracts

Third Party Administrators for Defined Contribution Plans. 2.1 The Fund may decide to make available to certain of its customers, a qualified plan program (the "Program") pursuant to which Employers may adopt certain plans of deferred compensation ("Plan or Plans") for the benefit of the individual Plan participant (the "Plan Participant"), such Plan(s) being qualified under Section 401(a) of the Code and administered by TPA(s) which may be plan administrators as defined in the Employee Retirement Income Security Act of 1974, as amended. 2.2 In accordance with the procedures established in the initial Schedule 2.1 entitled "Third Party Administrator Procedures", as may be amended by the Transfer Agent and the Fund from time to time ("Schedule 2.1"), the Transfer Agent shall: (a) Treat Shareholder accounts established by the Plans in the name of the trustees, Plans or TPAs as the case may be as omnibus accounts; (b) Maintain omnibus accounts on its records in the name of the TPA or its designee as the trustee for the benefit of the Plan; and (c) Perform all services under Section 1 as transfer agent of the Fund and not as a record-keeper for the Plans.

Appears in 10 contracts

Samples: Transfer Agency and Service Agreement (IXIS Advisor Funds Trust III), Transfer Agency and Service Agreement (Loomis Sayles Funds I), Transfer Agency and Service Agreement (Gateway Trust)

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Third Party Administrators for Defined Contribution Plans. 2.1 The Fund may decide to make available to certain of its customers, a qualified plan program (the "Program") pursuant to which Employers the customers (“Employers”) may adopt certain plans of deferred compensation ("Plan or Plans") for the benefit of the individual Plan participant (the "Plan Participant"), such Plan(s) being qualified under Section 401(a) of the Code and administered by TPA(s) TPAs which may be plan administrators as defined in the Employee Retirement Income Security Act of 1974, as amended. 2.2 In accordance with the procedures established in the initial Schedule 2.1 entitled "Third Party Administrator Procedures", ,” as may be amended by the Transfer Agent and the Fund from time to time ("Schedule 2.1"), the Transfer Agent shall: (a) Treat Shareholder accounts established by the Plans in the name of the trusteesTrustees, Plans or TPAs TPAs, as the case may be be, as omnibus accounts; (b) Maintain omnibus accounts on its records in the name of the TPA or its designee as the trustee Trustee for the benefit of the Plan; and (c) Perform all services under Section 1 as transfer agent of the Fund Funds and not as a record-keeper for the Plans.

Appears in 6 contracts

Samples: Transfer Agency and Service Agreement (AIP Macro Registered Fund A), Transfer Agency and Service Agreement (AIP Macro Registered Fund P), Transfer Agency and Service Agreement (MARSHALL FUNDS INC D/B/a BMO FUNDS)

Third Party Administrators for Defined Contribution Plans. 2.1 12.1 The Fund may decide to make available to certain of its customers, a qualified plan program (the "Program") pursuant to which Employers the customers (“Employers”) may adopt certain plans of deferred compensation ("Plan or Plans") for the benefit of the individual Plan participant (the "Plan Participant"), such Plan(s) being qualified under Section 401(a) of the Code and administered by TPA(s) TPAs which may be plan administrators as defined in the Employee Retirement Income Security Act of 1974, as amended. 2.2 12.2 In accordance with the procedures established in the initial Schedule 2.1 12.1 entitled "Third Party Administrator Procedures", ,” as may be amended by the Transfer Agent and the Fund from time to time ("Schedule 2.1"12.1”), the Transfer Agent shall: (a) Treat Shareholder accounts established by the Plans in the name of the trusteesTrustees, Plans or TPAs TPAs, as the case may be be, as omnibus accounts; (b) Maintain omnibus accounts on its records in the name of the TPA or its designee as the trustee Trustee for the benefit of the Plan; and (c) Perform all services under Section 1 this Agreement as transfer agent of the Fund Funds and not as a record-keeper for the Plans.

Appears in 5 contracts

Samples: Transfer Agency and Service Agreement (Nuveen Investment Trust Iii), Transfer Agency and Service Agreement (Nuveen Investment Funds Inc), Transfer Agency and Service Agreement (Nuveen Municipal Trust/Ma)

Third Party Administrators for Defined Contribution Plans. 2.1 The Fund may decide to make available to certain of its customers, a qualified plan program (the "Program") pursuant to which Employers the customers (“Employers”) may adopt certain plans of deferred compensation ("Plan or Plans") for the benefit of the individual Plan participant (the "Plan Participant"), such Plan(s) being qualified under Section 401(a40I (a) of the Code and administered by TPA(s) TPAs which may be plan administrators as defined in the Employee Retirement Income Security Act of 1974, as amended. 2.2 In accordance with the procedures established in the initial Schedule 2.1 entitled "Third Party Administrator Procedures", ,” as may be amended by the Transfer Agent and the Fund from time to time ("Schedule 2.1"), the Transfer Agent shall: (a) Treat Shareholder accounts established by the Plans in the name of the trusteesTrustees, Plans or TPAs TPAs, as the case may be be, as omnibus accounts; (b) Maintain omnibus accounts on its records in the name of the TPA or its designee as the trustee Trustee for the benefit of the Plan; and (c) Perform all services under Section 1 as transfer agent of the Fund Funds and not as a record-keeper for the Plans.

Appears in 3 contracts

Samples: Transfer Agency and Service Agreement (Highland Global Allocation Fund), Transfer Agency and Service Agreement (Highland Global Allocation Fund Ii), Transfer Agency and Service Agreement (Highland Floating Rate Opportunities Fund Ii)

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Third Party Administrators for Defined Contribution Plans. 2.1 The Fund Funds may decide to make available to certain of its customers, a qualified plan program (the "Program") pursuant to which Employers the customers (“Employers”) may adopt certain plans of deferred compensation ("Plan or Plans") for the benefit of the individual Plan participant (the "Plan Participant"), such Plan(s) being qualified under Section 401(a) of the Code and administered by TPA(s) TPAs which may be plan administrators as defined in the Employee Retirement Income Security Act of 1974, as amended. 2.2 In accordance with the procedures established in the initial Schedule 2.1 entitled "Third Party Administrator Procedures", ,” as may be amended by the Transfer Agent and the Fund Funds from time to time ("Schedule 2.1"), the Transfer Agent shall: (a) Treat Shareholder accounts established by the Plans in the name of the trusteesTrustees, Plans or TPAs TPAs, as the case may be be, as omnibus accounts; (b) Maintain omnibus accounts on its records in the name of the TPA or its designee as the trustee Trustee for the benefit of the Plan; and (c) Perform all services under Section 1 as transfer agent of the Fund Funds and not as a record-keeper for the Plans.

Appears in 1 contract

Samples: Transfer Agency and Service Agreement (Sentinel Group Funds Inc)

Third Party Administrators for Defined Contribution Plans. 2.1 The Fund may decide to make available to certain of its customers, a qualified plan program (the "Program") pursuant to which Employers may adopt certain plans of deferred compensation ("Plan or Plans") for the benefit of the individual Plan participant (the "Plan Participant"), such Plan(s) being qualified under Section 401(a) of the Code and administered by TPA(s) which may be plan administrators as defined in the Employee Retirement Income Security Act of 1974, as amended. 2.2 In accordance with the procedures established in the initial Schedule 2.1 entitled "Third Party Administrator Procedures", as may be amended by the Transfer Agent and the Fund from time to time ("Schedule 2.1"), the Transfer Agent shall: (a) Treat Shareholder accounts established by the Plans in the name of the trustees, Plans or TPAs as the case may be as omnibus accounts; (b) Maintain omnibus accounts on its records in the name of the TPA or its designee as the trustee for the benefit of the Plan; and (c) Perform all services under Section 1 as transfer agent of the Fund and not as a record-keeper for the Plans.

Appears in 1 contract

Samples: Transfer Agency and Service Agreement (Hansberger International Series)

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