Multiple Functions Sample Clauses
The "Multiple Functions" clause defines the ability of a party, typically a service provider or contractor, to perform more than one role or responsibility under an agreement. In practice, this means that a single entity may act in various capacities, such as both a supplier and a consultant, or may be responsible for delivering different types of services or products within the same contract. This clause clarifies the scope of the party's obligations and ensures that all functions are recognized and governed by the agreement, thereby preventing confusion or disputes about the extent of the party's duties and streamlining contract administration.
Multiple Functions. Any person or group of persons may serve in more than one fiduciary capacity with respect to the Plan.
Multiple Functions. Persons may fulfill more than one function at the same time, unless this could result in a statutory, operational, or legal incompatibility, provided that the operational leader (elected by the next higher circle) and the representative may not be the same person.
