Plan Records definition
Examples of Plan Records in a sentence
To the extent the Plan Records or accompanying documentation includes systems or programs developed by, owned by, or licensed to MHHSI, (i) MHHSI shall have the right to safeguard their secrecy and use by requiring the transfer to occur in such a manner that will not permit the recipient to have continuing use of the protected systems or programs, and (ii) the recipient shall not copy, distribute, sublicense or otherwise take advantage of the protected systems or programs.
Plan Sponsor shall reimburse MHHSI for all costs incurred in providing such Plan Records, including the costs of programming and computer changes.
The Plan Records may be delivered in the format in which they are maintained by MHHSI but shall include format explanations and documentation to enable the recipient to have reasonable access to the information.
MHHSI shall be entitled to retain copies of Plan Records at its own expense.
After receipt of Plan Sponsor’s written request following the termination of this Agreement, MHHSI shall deliver to Plan Sponsor or its designee those Plan Records (as defined in Section 13.1 above) in MHHSI’s possession that are described in such request.
MHHSI may choose to deliver Plan Records to Plan Sponsor after termination of this Agreement even if not requested by Plan Sponsor.
Plan Sponsor shall also pay MHHSI a mutually agreed-upon fee, but in no event less than a reasonable fee, for any services requested or required of MHHSI for supplying additional information not contained in the Plan Records.
During such retention period, each Plan or its agents shall have the right, at the Plan’s sole expense, to review and audit such Plan Records during Vanguard's normal business hours, provided that such right may be exercised by the Plan no more than once per calendar year.
With respect to each Plan’s account records for its holdings in the Portfolio ("Plan Records"), Vanguard shall preserve such Plan Records with respect to a calendar year for six (6) calendar years following the end of such calendar year (or such longer period as may be required by law).
Contents of the business plan will include: Executive Summary; Description of Business; Marketing Plan; Management Plan; Records, Systems and Controls; Financial Management Plan; Monitoring and Revising the Plan; and Alternative Business Strategy.