Erisa Provision Sample Clauses

Erisa Provision. A. Named Fiduciary and Plan Administrator: The "Named Fiduciary and Plan Administrator" of this plan shall be The Commercial Savings Bank until its' removal by the Board. As Named Fiduciary and Administrator, The Commercial Savings Bank shall be responsible for the management, control and administration of the Salary Continuation Agreement as established herein. The Named Fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Erisa Provision. The “Named Fiduciary and Plan Administrator” of this Executive Plan shall be Peoples Bank until its resignation or removal by the Board. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control and administration of the Executive Plan. The Named Fiduciary may delegate to others certain aspects of the management and operation responsibilities of the Executive Plan including the employment of advisors and the delegation of ministerial duties to qualified individuals. As a participant in this Plan, you are entitled to certain rights and protections under the Employee Retirement Income Security Act of 1974 (“ERISA”). ERISA provides that all Plan participants shall be entitled to:

Erisa Provision. A. Named Fiduciary and Plan Administrator: -------------------------------------- The "Named Fiduciary and Plan Administrator" of this Plan shall be Ameriana Bank of Indiana, FSB until its removal by the Board. As Named Fiduciary and Administrator, the Bank shall be responsible for the management, control and administration of the Salary Continuation Agreement as established herein. The Named Fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Erisa Provision. A. Named Fiduciary and Plan Administrator: -------------------------------------- The "Named Fiduciary and Plan Administrator" of this Director Plan shall be The East Carolina Bank, until its resignation or removal by the Board. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control and administration of the Director Plan. The Named Fiduciary may delegate to others certain aspects of the management and operation responsibilities of the Director Plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Erisa Provision. A. Named Fiduciary and Plan Administrator: -------------------------------------- The "Named Fiduciary and Plan Administrator" of this Director Plan shall be Mechanics Savings Bank, until its registration or removal by the Board. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control and administration to the Director Plan. The Named Fiduciary may delegate to others certain aspects of the management and operation responsibilities of the Director Plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Erisa Provision. A. Named Fiduciary and Plan Administrator: -------------------------------------- The "Named Fiduciary and Plan Administrator" of this plan shall be Eufaula Bank and Trust Company until its resignation or removal by the Board. As Named Fiduciary and Administrator, Eufaula Bank and Trust Company shall be responsible for the management, control and administration of the Salary Continuation Agreement as established herein. The Named Fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Erisa Provision. A. Named Fiduciary and Plan Administrator: --------------------------------------- The "Named Fiduciary and Plan Administrator" of this Plan shall be Greater Rome Bank until its removal by the Board. As Named Fiduciary and Administrator, the Bank shall be responsible for the management, control and administration of the Salary Continuation Agreement as established herein. The Named Fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Erisa Provision. The following provisions are part of this Agreement and are intended to meet the requirements of the Employee Retirement Income Security Act of 1974 ("ERISA"): a. The named fiduciary: the Corporation. b. The funding policy under this Plan is that all premiums on the Policy be remitted to the Insurer when due. c. Direct payment by the Insurer is the basis of payment of benefits under this Plan, with those benefits in turn being based on the payment of premiums as provided in the Plan. d. For claims procedure purposes, the "Claims Manager" shall be the Treasurer and the Director of Compensation of the Corporation; provided, however, that if a claim made under the Plan affects any of these persons, such person shall not participate in the review of the claim. i. If for any reason a claim for benefits under this Plan is denied by the Corporation, the Claims Manager shall deliver to the claimant a written explanation setting forth the specific reasons for the denial, pertinent references to the Plan section on which the denial is based, such other data as may be pertinent and information on the procedures to be followed by the claimant in obtaining a review of his claim, all written in a manner calculated to be understood by the claimant. For this purpose: (a) The claimant's claim shall be deemed filed when presented in writing to the Claims Manager. (b) The Claims Manager's explanation shall be in writing delivered to the claimant within ninety (90) days of the date the claim is filed.

Erisa Provision. A. Named Fiduciary and Plan Administrator: --------------------------------------- The "Named Fiduciary and Plan Administrator" of this Plan shall be ▇▇▇▇▇'▇ Ferry Trust Company until its resignation or removal by the Board of Directors. As Named Fiduciary and Plan Administrator, ▇▇▇▇▇'▇ Ferry Trust Company shall be responsible for the management, control and administration of the Director's Supplemental Retirement Program as established herein. The Named Fiduciary may delegate to others certain aspects of the management and operation responsibilities of the Plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.