Common use of Responsibility for the Plan Clause in Contracts

Responsibility for the Plan. Plan Sponsor accepts total responsibility for the Plan for purposes of this Agreement, including its benefit design, the legal sufficiency and distribution of Plan documents, and compliance with any laws that apply to Plan Sponsor or the Plan, whether or not Plan Sponsor or someone Plan Sponsor designates is the Plan Administrator. Plan Sponsor represents and warrants ongoing compliance with applicable notice and distribution requirements under applicable laws, including timely distribution of the summary of benefits and coverage (“SBC”), and any other documents required under applicable law. Plan Sponsor will notify the Company within 30 days of discovery of any failure to comply with such requirements. The Plan Sponsor represents and warrants that the Plan has the authority to pay fees due under this Agreement from Plan assets.