My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
09/19/2017 (2)
CBCC
>
Meetings
>
2010's
>
2017
>
09/19/2017 (2)
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/1/2025 11:17:33 AM
Creation date
11/14/2017 9:45:16 AM
Metadata
Fields
Template:
Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
09/19/2017
Meeting Body
Board of County Commissioners
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
612
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Commence, maintain, or defend any litigation necessary in connection with the administration of the <br />Account, except that NTC shall not be obligated to do so unless it is to be indemnified to its satisfaction <br />against all expenses and liabilities sustained or anticipated by reason thereof; <br />Hold part or all of the Account uninvested as may be necessary or appropriate; <br />Withhold the appropriate taxes from any distribution, remit such taxes with the relevant government <br />authorities, and report such .payments on the informational returns prescribed by such authorities, <br />identifying itself as the payor of such distributions; <br />Forward to the Sponsor, for exercise, all proxies solicited in regards to mutual funds and collective <br />investment funds, if applicable; vote, on behalf of the Plan and in accordance with the instructions <br />provided by the Sponsor, all proxies that are returned by the Sponsor', and abstain from voting proxies <br />that are not returned by the Sponsor; <br />Take all other acts necessary for the proper administration of the Account. <br />ARTICLE V —INVESTMENT RESPONSIBILITY <br />NTC shall have no investment management responsibility or liability with respect to the Account or any <br />other assets held under the Plan. Plan contributions or other assets received by NTC shall be allocated <br />in accordance with Written Instructions. NTC does not warrant or guarantee the performance of any <br />Funding Vehicle(s) selected by the Sponsor or Participants. <br />The Sponsor, or other party designated under the Plan, shall have full responsibility for the selection of <br />the Funding Vehicle(s) and the management, disposition, and investment of assets of the Account. NTC <br />shall comply with Written Instructions concerning those assets, subject to restrictions, if any, imposed by <br />the Funding Vehicle(s) and the operation of any securities markets. Except to the extent required by <br />applicable law or otherwise provided in this Agreement, NTC shall have no duty to review, initiate action, <br />or make recommendations regarding the Account or its investments. <br />The Sponsor is responsible for reading any and all prospectuses, specimen and final contracts, proposals <br />and/or other materials which disclose information pertaining to applicable charges, interest rates, terms <br />and conditions of any contract between the Plan or Account and any party, including contracts related to <br />the Funding Vehicle(s). NTC shall transmit such communications to the Sponsor. NTC shall have no <br />duty to respond to communications related to securities or other property held in. the Account (including, <br />but not limited to, tender offers and class action communications). <br />NTC shall not be liable for any loss which results from the exercise of investment control by a Sponsor, <br />Participant or beneficiary, or designated investment manager. If a Participant who has investment <br />authority under the terms of the Plan fails to provide investment direction, the Sponsor shall direct the <br />investment of the Participant's account. <br />No one providing investment advice to the Plan, Sponsor, Participant or other party is acting as an agent <br />of NTC. <br />ARTICLE VI — LOANS <br />To the extent permitted under the Plan and applicable law, NTC will forward loan disbursements as <br />directed by the Sponsor or its designee via Written Instructions. The Sponsor, or other fiduciary of the <br />Plan or their designee, shall be responsible for the approval and administration of any such loans. The <br />Sponsor acknowledges that all loan obligations should be made payable to the Plan and the Plan retains <br />all lending responsibility. NTC will have no responsibility for executing and holding any notes or security <br />agreements which are held as part of the Account, providing any disclosures required by any truth -in - <br />lending laws, or enforcing any security interest in any asset other than the Participant's account under the <br />Account. <br />NRS (07/2007) -4 of 9- <br />P59 <br />
The URL can be used to link to this page
Your browser does not support the video tag.