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Form 851 Arizona: What You Should Know
A) Nothing in this section shall preclude the director from being held personally liable for the plan's performance deficiencies under s. 703 of the Employee Retirement Income Security Act of 1974, as amended. In the case of (i) a member of a board; or (ii) any other person designated by a board, the board's sole discretion is whether to terminate the agreement on the basis of the director's improper conduct or on the basis of his or her misconduct.
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