Common use of Plan Fiduciaries Clause in Contracts

Plan Fiduciaries. For all periods after the Operational Separation Date, the Parties agree that the applicable fiduciaries of each of the Parent Divided Pension Plans and the Spinco Pension Plans, respectively, shall have the authority with respect to the Parent Divided Pension Plans and the Spinco Pension Plans, respectively, to determine the plan investments and such other matters as are within the scope of their duties under ERISA and the terms of the applicable plan documents.

Appears in 4 contracts

Samples: Employee Matters Agreement (Arconic Rolled Products Corp), Employee Matters Agreement (Howmet Aerospace Inc.), Employee Matters Agreement (Arconic Rolled Products Corp)

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Plan Fiduciaries. For all periods after the Operational Separation Date, the Parties agree that the applicable fiduciaries of each of the Parent Divided Pension Plans and the Spinco UpstreamCo Pension Plans, respectively, shall have the authority with respect to the Parent Divided Pension Plans and the Spinco UpstreamCo Pension Plans, respectively, to determine the plan investments and such other matters as are within the scope of their duties under ERISA and the terms of the applicable plan documents.

Appears in 3 contracts

Samples: Employee Matters Agreement (Arconic Inc.), Employee Matters Agreement (Alcoa Corp), Employee Matters Agreement (Alcoa Upstream Corp)

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