Common use of Named Fiduciary Clause in Contracts

Named Fiduciary. For purposes of the Employee Retirement Income Security Act of 1974, if applicable, the Company shall be the named fiduciary and plan administrator under this Agreement. 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.

Appears in 21 contracts

Samples: Lowcountry National Bank (Coastal Banking Co Inc), Deferred Compensation Agreement (Temecula Valley Bancorp Inc), Executive Deferred Compensation Agreement (North Valley Bancorp)

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Named Fiduciary. For purposes of the Employee Retirement Income Security Act of 1974, if applicable, the Company shall be the named fiduciary and plan administrator under this the Agreement. The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan under this Agreement including the employment of advisors and the delegation of ministerial duties to qualified individuals.

Appears in 8 contracts

Samples: Peoples National Bank (Peoples Bancorporation Inc /Sc/), First South Bank Split Dollar Agreement (First South Bancorp Inc), Continuation Agreement (First South Bancorp Inc)

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