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2011-273 Co. Mgr. - RDS Services, LLC - Agreement for Early Retiree Reinsurance Program Services
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2011-273 Co. Mgr. - RDS Services, LLC - Agreement for Early Retiree Reinsurance Program Services
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Last modified
5/22/2018 9:24:50 AM
Creation date
8/11/2011 11:31:20 AM
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Contract
Date
7/21/2011
Contract Starting Date
7/21/2011
Contract Ending Date
7/20/2012
Contract Document Type
Agreement - Services
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(c)Plan Sponsor's and RDS' indemnification duties and liabilities under Section 4 hereof with <br /> respect to events and claims arising before the termination of the Agreement,until the <br /> appropriate statute of limitations has run. <br /> 3.04 Outstanding Fees; Records.Upon termination of this Agreement,Plan Sponsor agrees to remit to <br /> RDS any outstanding balances due(or which,under Section 3.03(a),becomes due)under this Agreement. <br /> Without limiting other available remedies,RDS shall have the right to retain all records in its possession with <br /> regard to its services pursuant to this Agreement until receipt of all undisputed outstanding monies due. <br /> 3.05 Cooperation with Successor. In the event Plan Sponsor appoints a successor to RDS for any or all of <br /> RDS' services described herein,RDS shall cooperate as reasonably necessary in transferring files,records, <br /> reports and the like,and RDS shall be entitled to reasonable compensation for its services in connection <br /> therewith.Notwithstanding any provision of this Agreement(including any exhibit or addendum hereto),to <br /> the contrary,RDS shall not,without prior written agreement with Plan Sponsor,be obligated to assist a <br /> successor to RDS or otherwise take or continue any action following termination of the Agreement if and to <br /> the extent such assistance or action may reasonably be viewed as causing RDS to become a fiduciary with <br /> respect to the Plan in any manner. <br /> 3.06 Access to Information.Plan Sponsor shall have the right,upon providing reasonable notice,to <br /> periodically review, at its own expense,any records of RDS relating to the services provided herein; any <br /> examination of such records shall be carried out in a manner mutually agreeable to RDS and Plan Sponsor <br /> and to the extent permitted by applicable law. <br /> SECTION 4 <br /> INDEMNIFICATION <br /> 4.01 Indemnification by Plan Sponsor. Plan Sponsor agrees to indemnify RDS,its officers,directors, <br /> employees and agents for and hold them harmless from any claim,liability,cost,loss,expense or damage <br /> (including reasonable attorney fees)which may be paid or incurred by RDS resulting from or in connection <br /> with a material breach by Plan Sponsor of its responsibilities and duties outlined under this Agreement, <br /> provided, however, no section of the Agreement is intended to create a waiver of Plan sponsor's rights or <br /> privileges as a sovereign entity. <br /> 4.02 Indemnification by RDS. RDS agrees to indemnify Plan Sponsor,its officers, directors, employees <br /> and agents for and hold them harmless from any claim,liability, cost,loss, expense or damage(including <br /> reasonable attorney fees)which may be paid or incurred by Plan Sponsor resulting from or in connection with <br /> a material breach by RDS of its responsibilities and duties outlined under this Agreement. <br /> SECTION 5 <br /> GENERAL PROVISIONS <br /> 5.01 Amendment;Assignment.This Agreement may not be amended without the express written consent <br /> of both parties.No assignment by either party pertaining to this Agreement shall be valid without the express <br /> written consent of the other party,which consent will not be unreasonably withheld. <br /> 5.02 Confidentiality.RDS recognizes that it shall be provided with personal information regarding <br /> Members of Plan in the course of providing services under this Agreement.RDS shall safeguard such <br /> information to ensure that no person who does not need to know such information has access to such <br /> information.To the extent required by law,RDS will enter into a"Business Associate Agreement"with the <br /> Plan and/or Plan Sponsor. <br /> 5.03 Entire Agreement.This Agreement(including any exhibits or addenda hereto)constitutes the <br /> 3 <br /> Troy_57244014-]2 <br />
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