Allocation of Fiduciary Responsibilities. The Named Fiduciary may delegate its responsibilities for the operation and administration of the Split Dollar Plan, including the designation of a person to carry out fiduciary responsibilities under such Plan. The Named Fiduciary shall effect such delegation of its responsibilities by delivering to the Company a written instrument signed by its members that specifies the nature and extent of the responsibilities delegated under the Split Dollar Plan, together with a signed acknowledgment of their acceptance by the persons to whom the responsibilities were delegated. ARTICLE 16
Allocation of Fiduciary Responsibilities. The Named Fiduciary may allocate his/her responsibilities for the operation and administration of the Plan, including the designation of persons to carry out fiduciary responsibilities under any such Plan. The Named Fiduciary shall effect any such allocation of his/her responsibilities by delivering to the Corporation a written instrument signed by him/her that specifies the nature and extent of the responsibilities allocated, including the persons who are designated to carry out those fiduciary responsibilities under the plan, together with a signed acknowledgment of their acceptance.
Allocation of Fiduciary Responsibilities. The Named Fiduciary may ---------------------------------------- allocate its responsibilities for the operation and administration of this split-dollar life insurance plan, including the designation of persons to carry out fiduciary responsibilities under such plan. The Named Fiduciary shall effect such allocation of its responsibilities by delivering to the Company a written instrument signed by it that specifies the nature and extent of the responsibilities allocated, including the persons who are designated to carry out those fiduciary responsibilities under the plan, together with a signed acknowledgment of their acceptance.
Allocation of Fiduciary Responsibilities. All fiduciaries with respect to the Trust shall be required to meet the prudence, diversification and other fiduciary responsibilities of applicable law to the extent such requirements and responsibilities apply to them, provided each fiduciary shall be responsible for carrying out only the requirements, responsibilities and duties placed upon such fiduciary by this Trust Agreement. In particular, except as otherwise provided by law:
Allocation of Fiduciary Responsibilities. . . 29 Section 10.03.
Allocation of Fiduciary Responsibilities. The fiduciary responsibilities (within the meaning of ERISA) allocated to each named fiduciary designated in Section 10.01 hereof shall consist of the responsibilities, duties, authority and discretion of such named fiduciary which are expressly provided herein and in any related documents. Each such named fiduciary may obtain the services of such legal, actuarial, accounting and other assistants as it deems appropriate, any of whom may be assistants who also render services to any other named fiduciary, the Plan and/or the Company; provided, however, that where such services are obtained, the named fiduciary shall not be deemed to have delegated any of its fiduciary responsibilities to any such assistant but shall retain full and complete authority over and responsibility for any activities of such assistant. The Board, Trustee, any Investment Manager, Administrator and any individual members thereof shall not be responsible for any act or failure to act of any other one of them except as may be otherwise specifically provided under ERISA.
Allocation of Fiduciary Responsibilities. If more than one individual or entity is appointed Plan Administrator, the Trustees may allocate some or all of the responsibilities of the Plan Administrator to each individual or entity so appointed, and each such individual or entity shall be responsible only for the duties allocated to it and any duties of the Plan Administrator which are not allocated. If more than one individual or entity is appointed Plan Administrator and the Trustees do not allocate Plan Administrator responsibilities to the individuals or entities so appointed, the individuals or entities appointed Plan Administrator may, by executing a written instrument, allocate some or all of the responsibilities of the Plan Administrator among themselves as indicated in such written instrument and each individual or entity shall be responsible only for the duties allocated to it and any duties which are not allocated. To the extent the responsibilities of the Plan Administrator are not allocated pursuant to this Section 21.2 to the individuals or entities appointed as Plan Administrator, the action of the Plan Administrator shall be taken by majority vote, or if less than three individuals or entities are appointed Plan Administrator, by unanimous consent. The Plan Administrator may designate persons or entities other than the Plan Administrator to perform some or all of the responsibilities of the Plan Administrator.
Allocation of Fiduciary Responsibilities. The Plan fiduciaries will have the powers and duties described below, and may delegate their duties to the extent permitted under ERISA Section 402. Notwithstanding any other provision of the Plan, the Plan’s fiduciaries will discharge their duties hereunder for the exclusive purpose of providing benefits to Participants and other persons entitled to benefits under the Plan; and with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.
Allocation of Fiduciary Responsibilities. 27 11.3 Records......................................................................27 11.4
Allocation of Fiduciary Responsibilities. The Administrator may allocate certain of its fiduciary responsibilities among others and/or may designate other persons to carry out certain of its fiduciary responsibilities in accordance with and subject to the limitations of ERISA section 405. Any person or group of persons may serve in more than one fiduciary capacity with regard to the Plan. The Administrator and any fiduciary designated by the Administrator may employ one or more persons to render advice concerning their responsibilities under the Plan.
