reasonable precautions to prevent any unauthorized disclosure of Confidential
Information. In addition, each party agrees not to disclose or make public to anyone, in
any manner, the terms of this Agreement, except as required by law, without the prior
written consent of the other party(ies). As used in this Section, the term Confidential
Information shall mean proprietary information of the Parties to this Agreement,
including but not limited to, their inventions, confidential information, know-how, trade
secrets, business affairs, prospect lists, product designs, product plans, business
strategies, finances, and fee structures.
Section 10. Direction to Other Party. The Plan Sponsor and Custodian, as
applicable may appoint one or more individuals in writing to provide direction and
information to each other. Each Party may rely on the directions received and reasonable
believed to be from the individuals designated as authorized and shall be fully
indemnified by the other Party for any action taken or omitted by it in reliance upon a
properly signed direction by an authorized Party.
Section 11. Authorized Parties. The Plan Sponsor is responsible for
obtaining and paying all fees and charges necessary to permit the delivery of information
and funds between the Plan’s administrator or recordkeeper, the Plan, and the Automatic
Rollover IRA Custodian, as contemplated by this Agreement.
Section 12. Mutual Indemnification. The Plan Sponsor hereby agree(s) to
indemnify, defend and hold the Custodian and its affiliates, and their respective directors,
manager, officers, employees, agents and other representatives (the “Indemnified
Parties”) harmless from any and all losses, costs, excise taxes, expenses, fees, liabilities,
damages, claims of any nature whatsoever, including but not limited to legal expenses,
court costs, legal fees, costs of or associated with enforcement actions, investigations,
suits, and regulatory or other actions and appeals thereof resulting from their reliance
upon any certificate, notice, confirmation, or Instruction, purporting to have been
delivered by the Plan Sponsor or its agent (“Plan Representative(s)”). The Plan Sponsor
waives any and all claims of any nature it now has or may have against the Indemnified
Parties, which arise, directly or indirectly, from any action that the Custodian takes in
good faith in accordance with any certificate, notice, confirmation, or Instruction from
the Plan Sponsor. The Plan Sponsor and the Plan Administrator also hereby agree to
indemnify, defend and hold the Indemnified Parties harmless from and against any and
all losses, costs, excise taxes, expenses, fees, liabilities, damages, claims of any nature
whatsoever, including but not limited to legal expenses, court costs, legal fees, costs of or
associated with enforcement actions, investigations, suits, an
d regulatory or other actions
and appeals thereof, arising, directly or indirectly, out of any loss or diminution of the
Automatic Rollover IRA resulting from changes in the market value of the Automatic
Rollover IRA assets; reliance, or action taken in reliance, on Instructions from Plan
Sponsor or one or more Plan Representatives; any exercise or failure to exercise
investment direction authority by the Plan Sponsor or by a Plan Representative; any
other act or failure to act by Plan Sponsor; any prohibited transaction or disqualification
of a Plan due to any actions taken or not taken by the Custodian in reliance on
Instructions from the Plan Sponsor; or any other act the Custodian takes in good faith