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2022-205
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Last modified
10/31/2022 12:37:01 PM
Creation date
10/31/2022 12:34:57 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
10/11/2022
Control Number
2022-205
Agenda Item Number
8.C.
Entity Name
Morningstar Investment Management LLC
Subject
Investment Advisory Services Agreement
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due to any of the following: (i) Morningstar's <br />fraud or willful misconduct; or (ii) any act or <br />omission for which Morningstar would be <br />required to indemnify the Plan Sponsor, pursuant <br />to Sections 7.1 above (as the case may be). <br />Morningstar shall provide prompt written notice <br />of any claim, action, or proceeding giving rise to <br />such obligation, shall ,reasonably cooperate with <br />its defense and/or settlement efforts and shall <br />grant Plan Sponsor at Plan Sponsor's option, sole <br />control of the defense and/or settlement of such <br />claim, action, or proceeding. <br />8. ENHANCEMENTS AND <br />MODIFICATIONS: Morningstar reserves the <br />right in their respective discretion to enhance, <br />modify, or provide upgrades (collectively <br />"Changes") of the Advisory Services from time <br />to time. Morningstar shall notify Service <br />Provider of any Changes, who shall notify Plan <br />Sponsor. <br />9. GENERAL <br />9.1 Form ADV. Morningstar is registered as <br />an investment adviser under applicable federal or <br />state law, or is otherwise exempt, and will <br />promptly advise Plan Sponsor if at any time it is <br />not so registered. Part 2A and 2B of <br />Morningstar's Form ADV, Morningstar's <br />registration document, contains additional <br />information regarding Morningstar and its <br />services. Plan Sponsor acknowledges that it has <br />received a copy of Morningstar's Form ADV Part <br />2A and 2B (and, in the future, during the any <br />Parts of the Form ADV that are required to be <br />acknowledged and received during the Term of <br />this Agreement). <br />9.2 Captions Not Determinative. Titles <br />and paragraph headings herein are for convenient <br />reference only and are not part of this Agreement. <br />9.3 No Partnership. Nothing in this <br />Agreement shall be construed to create a <br />partnership, joint venture or agency relationship <br />between the parties to this Agreement. <br />Non -ERISA July 2021 <br />9.4 Force Majeure. No party shall be in <br />default or otherwise liable for any delay in or <br />failure of its performance under this Agreement <br />where such delay or failure arises by reason of <br />any act of God, or any government or any <br />governmental body, acts of the common enemy, <br />the elements, strikes or labor disputes, or other <br />similar or dissimilar cause beyond the control of <br />such party. If a party is prevented from, or <br />delayed in, performing any of its obligations <br />under this Agreement, it will promptly notify the <br />other parties, describing in reasonable detail <br />circumstances causing the force majeure event, <br />and the obligations which are thereby delayed or <br />prevented, and will continue to use commercially <br />reasonable efforts to recommence performance as <br />soon as reasonably practicable. <br />9.5 Notice. All notices, including notices of <br />address changes, required to be sent hereunder <br />shall be in writing and shall be deemed to have <br />been given when delivered electronically or by <br />nationally recognized overnight courier or <br />registered or certified mail, postage prepaid to the <br />appropriate address below: <br />If to Morningstar: <br />Morningstar Investment Management LLC <br />22 W. Washington Street <br />Chicago, Illinois 60602 <br />Attn: General Counsel <br />If to Plan Sponsor: <br />To the address and individual identified in <br />Exhibit A, or their successors. <br />9.6 No Third Party Beneficiaries. Nothing <br />contained in this Agreement is intended or will be <br />construed to confer upon any person not a party <br />to this Agreement (other than the Plan, a person <br />entitled to indemnification pursuant to the terms <br />of the Agreement, and Participants or <br />Beneficiaries, to the extent of rights expressly <br />extended to them under this Agreement) any <br />rights, benefits or remedies of any kind or <br />
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