DETERMINATION OF BENEFITS, CLAIMS PROCEDURE AND ADMINISTRATION. a. The Corporation is hereby designated as the named fiduciary under this Agreement. The named fiduciary shall have authority to control and manage the operation and administration of this Agreement, and it shall be responsible for establishing and carrying out a funding policy and method consistent with the objectives of this Agreement. The Corporation may allocate to others certain aspects of the management and operational responsibilities of this Agreement, including by the employment of advisors and the delegation of any ministerial duties to qualified individuals.
Appears in 6 contracts
Samples: Split Dollar Agreement (American Biltrite Inc), Split Dollar Agreement (American Biltrite Inc), Split Dollar Agreement (American Biltrite Inc)
DETERMINATION OF BENEFITS, CLAIMS PROCEDURE AND ADMINISTRATION. a. The Corporation is hereby designated as the named fiduciary under this Agreement. The named fiduciary shall have authority to control and manage the operation and administration of this Agreement, and it shall be responsible for establishing and carrying out a funding policy and method consistent with the objectives of this Agreement. The Corporation may allocate to others certain aspects of the management and operational responsibilities of this Agreement, including by the employment of advisors and the delegation of any ministerial duties to qualified individuals.
Appears in 6 contracts
Samples: Split Dollar Agreement (Hexcel Corp /De/), Split Dollar Agreement (West Pointe Bancorp Inc), Split Dollar Agreement (Sherwin Williams Co)
DETERMINATION OF BENEFITS, CLAIMS PROCEDURE AND ADMINISTRATION. a. The Corporation is hereby designated as the named fiduciary under this Agreement. The Corporation, as the named fiduciary fiduciary, shall have authority to control and manage the operation and administration of this Agreement, and it shall be responsible for establishing and carrying out a funding policy and method consistent with the objectives of this Agreement. The Corporation may allocate to others certain aspects of the management and operational responsibilities of this Agreement, including by the employment of advisors and the delegation of any ministerial duties to qualified individuals.
Appears in 2 contracts
Samples: Split Dollar Agreement (Bobby Allison Wireless Corp), Split Dollar Agreement (Bobby Allison Wireless Corp)
DETERMINATION OF BENEFITS, CLAIMS PROCEDURE AND ADMINISTRATION. a. The Corporation is hereby designated as the named fiduciary under this Agreement. The named fiduciary shall have authority to control and manage the operation and administration of this Agreement, and it shall be responsible for establishing and carrying out a funding policy and method consistent with the objectives of this Agreement. The Corporation may allocate to others certain aspects of the management and operational responsibilities of this Agreement, including by the employment of advisors and the delegation of any ministerial duties to qualified individuals.
Appears in 1 contract
DETERMINATION OF BENEFITS, CLAIMS PROCEDURE AND ADMINISTRATION. a. (a) The Corporation is hereby designated as the named fiduciary under this the Agreement. The named fiduciary shall have authority to control and manage the operation and administration of this the Agreement, and it shall be responsible for establishing and carrying out a funding policy and method consistent with the objectives of this the Agreement. The Corporation may allocate to others certain aspects of the management and operational responsibilities of this Agreement, including by the employment of advisors and the delegation of any ministerial duties to qualified individuals.
Appears in 1 contract
Samples: Dollar Life Insurance Agreement (Sherwin Williams Co)
