Common use of Responsibility for the Plan Clause in Contracts

Responsibility for the Plan. Except to the extent this Agreement specifically requires us to have the fiduciary responsibility for a Plan administrative function, you accept total responsibility and exclusive authority including but not limited to the following: 1) its benefit design; 2) the exclusive, final and binding discretionary authority and power to interpret the terms, conditions, limitations, and exclusions of the Plan as described in Section 12.2 of this Agreement; and 3) compliance with any laws that apply to you or the Plan, whether or not you or someone you designate is the Plan Administrator. We are not the Plan Administrator of the Plan. You shall have the right to delegate such discretionary authority to other persons to include persons or entities providing services in regard to the Plan.