Independent Fiduciary definition

Independent Fiduciary means an independent fiduciary who will serve as a fiduciary to the Plan in accordance with Article 3 that has no relationship or interest in any of the Settling Parties and is mutually agreed to by the Settling Parties.

Independent Fiduciary is defined in the preamble.

Independent Fiduciary means Fiduciary Counselors Inc., which has no relationship to any of the Settling Parties and will serve as an independent fiduciary to the Plan to approve and authorize the settlement of Released Claims on behalf of the Plan in accordance with Section 2.1.

Examples of Independent Fiduciary in a sentence

• The amounts charged by the Independent Fiduciary up to $25,000, including the fees of the Independent Fiduciary for its service, shall be paid by the University.

• In no event, and notwithstanding anything else in this Agreement (except with respect to any obligations they may be required to incur with respect to implementation of the structural changes described in Section IV below), shall the Defendant or its insurers be required to pay any amounts other than (i) the Settlement Amount and (ii) the costs of the Independent Fiduciary up to Twenty-Five Thousand Dollars ($25,000).

• The University will, in its sole discretion, select the Independent Fiduciary to provide the authorization required by Prohibited Transaction Exception 2003-39, 68 FR 75632 (Dec.

• All costs of the Independent Fiduciary in excess of $25,000 shall be borne by and paid from the Settlement Amount.

More Definitions of Independent Fiduciary

Independent Fiduciary means the person or persons designated as such in Section 6.8 of the Plan.

Independent Fiduciary means the person or entity selected by the Company to serve as an independent fiduciary with respect to the Settlement Agreement for the purpose of rendering the determination described in Section 2.2 herein.

Independent Fiduciary means a fiduciary retained pursuant to Section 3.6 and that has no “relationship to” or “interest in” (as those terms are used in the Class Exemption referred to in Section 3.6) any of the Parties.

Independent Fiduciary means an independent fiduciary selected by the Plan administrator, with the consent of Class Counsel, who will serve as a fiduciary to the Plan that has no relationship or interest in any of the Parties.

Independent Fiduciary means a person or entity who is not an employee or officer of the Company or its Affiliates who is appointed by the Company pursuant to Section 12.07 to perform the functions described therein.

Independent Fiduciary means Fiduciary Counselors Inc.

Independent Fiduciary means: a Plan fiduciary retained at the Company’s expense that has no “relationship to” or “interest in” (as those terms are used in the Class Exemption) any of the Settling Parties.