Laserfiche WebLink
<br /> <br /> <br /> <br /> <br /> <br /> <br /> ARTICLE V <br /> ADMINISTRATION, AMENDMENT AND TERMINATION <br /> <br /> 5.1 Rules and Regulations. <br /> <br /> The Employer has full discretionary authority to supervise and control the <br /> <br /> operation of this Plan in accordance with its terms and may make rules and regulations <br /> <br /> for the administration of this Plan that are not inconsistent with the terms and provisions <br /> <br /> hereof. The Employer shall in its discretion determine any questions arising in <br /> <br /> connection with the interpretation, application or administration of the Plan (including <br /> <br /> any question of fact) and its decisions or actions in respect thereof shall be conclusive <br /> <br /> and binding upon all persons and parties. <br /> The Employer shall have all discretionary powers necessary to accomplish its <br /> <br /> purposes, including, but not by way of limitation, the following: <br /> <br /> (a) To determine all questions relating to an Employee's eligibility; <br /> <br /> (b) To construe and interpret the terms and provisions of the Plan and to <br /> <br /> determine any question of fact; <br /> <br /> (c) To compute, certify to, and direct the Trustee with regard to the amount <br /> <br /> and kind of benefits payable to the Participants and their Beneficiaries; <br /> <br /> (d) To authorize all disbursements by the Trustee from the Trust; <br /> <br /> (e) To maintain all records that may be necessary for the administration of the <br /> Plan other than those maintained by the Trustee; and <br /> <br /> (f) To appoint a plan administrator or any other agent, and to delegate to them <br /> <br /> or to the Trustee such powers and duties in connection with the administration of the Plan <br /> <br /> as it may from time to time prescribe, and to designate each such administrator or agent <br /> <br /> as a fiduciary with regard to matters delegated to him. <br /> <br /> NB 1564577.3 14 <br /> <br /> 55A-53 <br />