Common use of Participant Information Clause in Contracts

Participant Information. The Committee may require a Participant to complete and file with the Committee any and all forms approved by the Committee, and to furnish all pertinent information requested by the Committee. The Committee shall be entitled to rely upon all such information. 6.8 Standard of Care The Committee must discharge its duties solely in the interest of the Participants. The Committee must carry out its duties with the care, skill, prudence and diligence under circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims. The Committee, however, shall not be liable for any acts or decisions based on the advice or opinion of any consultant, accountant or attorney employed by the Committee in their respective professional capacities as advisors to the Employer, provided, however, that the Committee did not violate its general fiduciary duty in selecting or retaining such advisor.