Program Interface Agreement definition
Examples of Program Interface Agreement in a sentence
Except as otherwise provided by applicable law, the Trustee shall not be liable for any act or omission regarding its obligations under this Agreement made in good faith, without negligence, and in accordance with any instruction, direction, notice, report, election or other information delivered to it by the Program Recordkeeper pursuant to the Program Interface Agreement.
All payments to the Trust Fund shall be remitted by check or other instrument payable in United States currency to the Trustee at the address specified by it pursuant to procedures contained in the Program Interface Agreement.
Notices, accountings and reports required to be given or furnished by the Trustee to Employers may be given, pursuant to procedures contained in the Program Interface Agreement, by (a) personal delivery (b) delivery by overnight courier (c) facsimile (confirmed by telephone by the Trustee) or (d) mailing by first class mail, postage prepaid, in all cases addressed to the party involved at the last address or facsimile number of such party recorded in the general files of the Trustee.
An Employer, on behalf of itself and its employees who are Participants, may from time to time remit contributions under its Employer Plan, or transfer funds from any trust under a Preexisting Plan of the Employer, to the Trustee pursuant to procedures contained in the Program Interface Agreement.
The Trustee shall be fully protected in, and shall not incur any liability by reason of its, acting upon any instruction, direction, notice, report, election or other information delivered by ABA RF or the Program Recordkeeper, any Employer, Participant or beneficiary, pursuant to procedures contained in the Program Interface Agreement, and reasonably believed by the Trustee to be genuine and to be signed or presented by the proper person or persons.
Except as otherwise provided by applicable law, the Trustee shall not be liable for any act or omission of any person or entity (other than an Affiliate) that either acts as a fiduciary or a service provider for an Employer Plan or trust pursuant to the delegation of responsibility under that plan or trust or under this Agreement, the ABA Members Collective Trust or the Program Interface Agreement, or has acted as a fiduciary or a service provider to a plan or a trust.
In no event shall the Program Interface Agreement be executed or amended unless the form thereof has been approved in writing by ABA RF.
All interests in the Trust Fund, and all other aspects of the administration, management and investment of the Trust Fund, shall be governed by this Agreement, the Administrative and Investment Services Agreement, the Program Interface Agreement and by the requirements of applicable laws and regulations.
The Trustee shall, pursuant to procedures contained in the Program Interface Agreement, maintain Trust Accounts and such other accounts and information as the Trustee determines to be necessary, including, without limitation, records for each Investment Option as shall be necessary or appropriate to allow the Program Recordkeeper to reconcile on an aggregate basis its records of the amount of each Participating Plan in each Investment Option.
The Trustee shall make payments pursuant to procedures contained in the Program Interface Agreement or by its check to the order of the payee.