Common use of Appointment of Recordkeeper Clause in Contracts

Appointment of Recordkeeper. Under the Plan, the Client is the fiduciary responsible for carrying out participant investment directions and in order to effect this, the Client has appointed CitiStreet LLC to perform certain services including but not limited to maintaining participant accounts for all contributions, loans and loan repayments, and other deposits made for the purpose of determining how such deposits are to be allocated to the investment funds of the Plan, for determining requirements for disbursements from or transfers among investment funds in accordance with the terms of the Plan, for maintaining participant records for the purpose of voting or tendering shares in an investment fund as described in Section 4.1 herein, for distributing information about the investment funds provided for under the Plan, and for distributing participant statements at periodic intervals.

Appointment of Recordkeeper. Under the Plan, the Client Company is the fiduciary responsible for carrying out participant investment directions and in order to effect this, the Client Company has appointed CitiStreet LLC Recordkeeper to perform certain services including but not limited to maintaining participant accounts for all contributions, loans and loan repayments, rollovers, and other deposits made for the purpose of determining how such deposits are to be allocated to the investment funds Investment Funds of the Plan, for determining requirements for disbursements from or transfers among investment funds Investment Funds in accordance with the terms of the Plan, for maintaining participant records for the purpose of voting or tendering shares in an investment fund Investment Fund as described in Section 4.1 herein, for distributing information about the investment funds Investment Funds provided for under the Plan, and for distributing participant statements at periodic intervals.