Named Fiduciary. The members of the Committee shall be the "named fiduciary" for purposes of section 402(a)(1) of ERISA, and as such shall have the authority to control and manage the operation and administration of the Plan, except to the extent such authority and control is allocated or delegated to other parties pursuant to the terms of the Plan.
Appears in 9 contracts
Sources: Employee Savings Plan (Quanex Corp), 401(k) Savings Plan Amendment and Restatement (Quanex Corp), 401(k) Savings Plan Amendment and Restatement (Quanex Corp)
Named Fiduciary. The members of the Committee shall be the "“named fiduciary" ” for purposes of section 402(a)(1) of ERISA, and as such shall have the authority to control and manage the operation and administration of the Plan, except to the extent such authority and control is allocated or delegated to other parties pursuant to the terms of the Plan.
Appears in 5 contracts
Sources: 401(k) Savings Plan (Mens Wearhouse Inc), 401(k) Savings Plan (Quanex Corp), 401(k) Savings Plan (Quanex Corp)
Named Fiduciary. The members of the Committee shall be the "named fiduciary" for purposes of section 402(a)(1) of ERISA, and as such shall have the authority to control and manage the operation and administration of the Plan, except to the extent such authority and control is are allocated or delegated to other parties pursuant to the terms of the Plan.
Appears in 3 contracts
Sources: 401(k) Savings Investment Plan (Xanser Corp), 401(k) Savings Plan (Kaneb Services LLC), 401(k) Savings Plan (Kaneb Services LLC)
Named Fiduciary. The members of the Committee shall be the "“named fiduciary" ” for purposes of section 402(a)(1) of ERISA, and as such shall have the authority to control and manage the operation and administration of the Plan, except to the extent such authority and control is are allocated or delegated to other parties pursuant to the terms of the Plan.
Appears in 2 contracts
Sources: 401(k) Savings Investment Plan (Furmanite Corp), 401(k) Savings Investment Plan Amendment (Furmanite Corp)