Authority or Discretion definition

Authority or Discretion means (i) the authority, control, or discretion with respect to the Plan or Trust which is identified or allocated to a Named Fiduciary under the terms of the Plan or Trust or a procedure in the Plan or Trust, or (ii) the exercise of such authority, control, or discretion by such Named Fiduciary.
View Source
Authority or Discretion means, with respect to a Fiduciary, (a) the authority or control or the exercise thereof, or (b) the discretion or the exercise thereof, which, in either case or in both cases, makes a person a Fiduciary.
View Source

Examples of Authority or Discretion in a sentence

  • The Administrative Committee acting as a Named Fiduciary, as provided in the Plan, has all of the Authority or Discretion of a Named Fiduciary as provided in the Plan.

Related to Authority or Discretion

  • Authority or Housing Authority (HA) means the Housing Authority.

  • Authority board means the board of directors of the state authority appointed under section 16.

  • Awarding Authority means any Board or Commission of the City of Los Angeles, or any authorized employee or officer of the City of Los Angeles, including the Purchasing Agent of the City of Los Angeles, who makes or enters into any contract or agreement for the provision of any goods or services of any kind or nature whatsoever for or on behalf of the City of Los Angeles.

  • Approving Authority means a government (federal, provincial or municipal), governmental agency, Crown corporation, or quasi-governmental authority (a privately operated organization exercising authority delegated by legislation or a government).

  • Operating Authority means, in respect of the Authorized System, the person, entity, or assignee that is given responsibility by the Owner for the operation, management, maintenance, or Alteration of the Authorized System, or a portion of the Authorized System.