Responsibility for Administration. Except to the extent that particular responsibilities are assigned or delegated to other Fiduciaries pursuant to the Trust Agreement, other Articles of the Plan or Section 10.3, the Company (as the Administrator) shall be responsible for the administration of the Plan. Each other Fiduciary shall have only such powers, duties, responsibilities and authorities as are specifically conferred upon him or it pursuant to provisions of the Plan or Trust Agreement.
Appears in 2 contracts
Sources: Employee Savings Plan (Lincoln Electric Holdings Inc), Employee Savings Plan (Lincoln Electric Holdings Inc)
Responsibility for Administration. Except to the extent that particular responsibilities are assigned or delegated to other Fiduciaries pursuant to the Trust Agreement, other Articles of the Plan or Section 10.3As Administrator, the Company (as the Administrator) shall be responsible for the administration of the Plan, including but not limited to the preparation and delivery to Participants, Beneficiaries and governmental agencies of all information, descriptions and reports required by applicable law. Each other Fiduciary shall have only such powers, duties, responsibilities duties and authorities as are specifically conferred upon him or it pursuant to provisions of shall be specified in the Plan or Trust AgreementAgreement or as shall be delegated to it pursuant to Section 9.2.
Appears in 1 contract
Sources: Pension & Insurance Agreement