Common use of Allocation of Responsibility Clause in Contracts

Allocation of Responsibility. The responsibilities and obligations of the Trustee shall be strictly limited to those set forth in this Trust Agreement. Except to the extent imposed by ERISA, no fiduciary of the Plan shall have the duty to question whether any other fiduciary is fulfilling all of the responsibility imposed upon such other fiduciary by ERISA or by any regulations or rulings issued under ERISA. The Trustee shall not be responsible in any way or any manner in which the Committee, or any other fiduciary appointed by the Committee, carries out their respective responsibilities under this Trust Agreement, or more generally, under the Plan.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement (Suntrust Banks Inc)

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Allocation of Responsibility. (a) The responsibilities and obligations of the Trustee shall be strictly limited to those set forth in this Trust Agreement. Except to the extent imposed by ERISA, no fiduciary of the Plan shall have the duty to question whether any other fiduciary is fulfilling all of the responsibility imposed upon such other fiduciary by ERISA or by any regulations or rulings issued under ERISAthereunder. The Nor shall the Trustee shall not be responsible in any way or for any manner in which the Committee, Employer or any other fiduciary appointed by the Committee, Administrator carries out their respective its responsibilities under this Trust AgreementAgreement or, or more generally, under the Plan.

Appears in 1 contract

Samples: Trust Agreement (Environmental Power Corp)

Allocation of Responsibility. The responsibilities and obligations of the Trustee shall be strictly limited to those set forth in this Trust Agreement. Except to the extent imposed by ERISA, no fiduciary of the Plan shall have the duty to question whether any other fiduciary is fulfilling all of the responsibility imposed upon such other fiduciary by ERISA or by any regulations or rulings issued under ERISA. The Trustee shall not be responsible in any way or any manner in which the CommitteeCommittees, or any other fiduciary appointed by the CommitteeCommittees, carries out their respective responsibilities under this Trust Agreement, or more generally, under the Plan.

Appears in 1 contract

Samples: Trust Agreement (Suntrust Banks Inc)

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Allocation of Responsibility. The responsibilities and obligations of the Trustee shall be strictly limited to those set forth in this Trust Agreement. Except to the extent imposed by ERISA, no fiduciary of the Plan shall have the duty to question whether any other fiduciary is fulfilling all of the responsibility imposed upon such other fiduciary by ERISA or by any regulations or rulings issued under ERISAthereunder. The Trustee shall not be responsible in any way or any manner in which the Committee, Company or any other fiduciary appointed by the Committee, carries Administrator carry out their respective responsibilities under this Trust AgreementAgreement or, or more generally, under the Plan.

Appears in 1 contract

Samples: Trust Agreement (Mens Wearhouse Inc)

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