Common use of Named Fiduciary and Plan Administrator Clause in Contracts

Named Fiduciary and Plan Administrator. The Named Fiduciary and Plan Administrator (hereinafter “Administrator) of this Endorsement Method Split Dollar Agreement shall be the Board of Directors of the Bank. The Administrator may designate a replacement Administrator at any time, or may delegate to others certain responsibilities, including the employment of advisors and the delegation of any ministerial duties to qualified individuals.

Appears in 6 contracts

Sources: Split Dollar Agreement (Columbia Banking System, Inc.), Split Dollar Agreement (Columbia Banking System, Inc.), Split Dollar Agreement (Columbia Banking System Inc)

Named Fiduciary and Plan Administrator. The Named Fiduciary and Plan Administrator (hereinafter “Administrator) of this Endorsement Method Split Dollar Agreement shall be the Executive Committee of the Board of Directors Trustees of the Bank. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan as established herein. The Administrator may designate a replacement Administrator at any time, or Named Fiduciary may delegate to others certain responsibilitiesaspects of the management and operation responsibilities of the Plan, including the employment of the advisors and the delegation of any ministerial duties to qualified individuals.

Appears in 4 contracts

Sources: Endorsement Method Split Dollar Plan Agreement (Community Financial Corp /Md/), Endorsement Method Split Dollar Plan Agreement (Community Financial Corp /Md/), Life Insurance Endorsement Method Split Dollar Plan Agreement (Community Financial Corp /Md/)

Named Fiduciary and Plan Administrator. The Named Fiduciary and Plan Administrator (hereinafter “Administrator) of this Endorsement Method Split Dollar Agreement shall be the Executive Committee of the Board of Directors of the Bank. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan as established herein. The Administrator may designate a replacement Administrator at any time, or Named Fiduciary may delegate to others certain responsibilitiesaspects of the management and operation responsibilities of the Plan, including the employment of advisors and the delegation of any ministerial duties to qualified individuals.

Appears in 4 contracts

Sources: Endorsement Method Split Dollar Plan Agreement (Old Point Financial Corp), Endorsement Method Split Dollar Plan Agreement (Old Point Financial Corp), Endorsement Method Split Dollar Plan (Old Point Financial Corp)

Named Fiduciary and Plan Administrator. The Named Fiduciary and Plan Administrator (hereinafter “Administrator) of this Endorsement Method Split Dollar Agreement shall be the Board of Directors of the Bank. The Administrator may designate a replacement Administrator at any time, or may delegate to others certain responsibilitiesaspects of the management and operation responsibilities of the Plan, including the employment of advisors and the delegation of any ministerial duties to qualified individuals.

Appears in 3 contracts

Sources: Joint Beneficiary Agreement (BayCom Corp), Joint Beneficiary Agreement (BayCom Corp), Joint Beneficiary Agreement (BayCom Corp)

Named Fiduciary and Plan Administrator. The Named Fiduciary and Plan Administrator (hereinafter "Administrator) of this Endorsement Method Split Dollar Agreement shall be the Board of Directors of the Bank. The Administrator may designate a replacement Administrator at any time, or may delegate to others certain responsibilitiesaspects of the management and operation responsibilities of the Plan, including the employment of advisors and the delegation of any ministerial duties to qualified individuals.

Appears in 1 contract

Sources: Split Dollar Agreement (Columbia Banking System, Inc.)

Named Fiduciary and Plan Administrator. The Named Fiduciary and Plan Administrator (hereinafter “Administrator) of this Endorsement Method Split Dollar Agreement shall be the Board of Directors of the Bank. The Administrator may designate a replacement Administrator at any time, or may delegate to others certain responsibilities, including the employment of advisors and the delegation of any ministerial duties to qualified individuals.. 3XSalaryJBASigrist7182018

Appears in 1 contract

Sources: Split Dollar Agreement (Columbia Banking System Inc)

Named Fiduciary and Plan Administrator. The "Named Fiduciary and Plan Administrator (hereinafter “Administrator) " of this Endorsement Method Split Dollar Agreement shall be the Executive Committee of the Board of Directors Trustees of the Bank. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan as established herein. The Administrator may designate a replacement Administrator at any time, or Named Fiduciary may delegate to others certain responsibilitiesaspects of the management and operation responsibilities of the Plan, including the employment of the advisors and the delegation of any ministerial duties to qualified individuals.

Appears in 1 contract

Sources: Endorsement Method Split Dollar Plan Agreement (Community Financial Corp /Md/)

Named Fiduciary and Plan Administrator. The Named Fiduciary and Plan Administrator (hereinafter “Administrator) of this Endorsement Method Split Dollar Agreement shall be the Board of Directors of the Bank. The Administrator may designate a replacement Administrator at any time, or may delegate to others certain responsibilities, including the employment of advisors and the delegation of any ministerial duties to qualified individuals.

Appears in 1 contract

Sources: Split Dollar Agreement (Five Star Bancorp)

Named Fiduciary and Plan Administrator. The Named Fiduciary and Plan Administrator (hereinafter “Administrator) of this Endorsement Method Life Insurance and Split Dollar Agreement shall be the Board of Directors of the Bank. The Administrator may designate a replacement Administrator at any time, or may delegate to others certain responsibilities, including the employment of advisors and the delegation of any ministerial duties to qualified individuals.

Appears in 1 contract

Sources: Life Insurance and Split Dollar Agreement (Private Bancorp of America, Inc.)

Named Fiduciary and Plan Administrator. The "Named Fiduciary and Plan Administrator (hereinafter “Administrator) " of this Endorsement Method Split Dollar Agreement shall be the Executive Committee of the Board of Directors of the Bank. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control, and administration of this Split Dollar Plan as established herein. The Administrator may designate a replacement Administrator at any time, or Named Fiduciary may delegate to others certain responsibilitiesaspects of the management and operation responsibilities of the Plan, including the employment of advisors and the delegation of any ministerial duties to qualified individuals.

Appears in 1 contract

Sources: Endorsement Method Split Dollar Plan (Old Point Financial Corp)