Administration by Committee. 7.1 The Committee shall be responsible for the general administration and interpretation of this Agreement and for carrying out its provisions, except to the extent all or any of such obligations are specifically imposed on the Board.
Administration by Committee. The Agreement shall be administered by the Committee. The Committee shall be responsible for the general administration and interpretation of the Agreement and for carrying out its provisions, except to the extent that the Committee delegates ministerial authority to a designee. The Committee shall have the authority to interpret and construe the provisions of the Agreement and to decide any dispute which may arise regarding the rights of the Employee or the Company hereunder, which determinations shall be binding and conclusive upon all interested persons.
Administration by Committee. The Plan shall be administered by the Committee. The Committee shall have the sole authority to interpret the Plan, to establish and revise rules and regulations relating to the Plan and to make any other determinations that it believes necessary or advisable for the administration of the Plan. Decisions and determination by the Committee shall be final and binding upon all interested parties, including but not limited to shareholders, Participants, Beneficiaries and other employees. The Committee may delegate its administrative responsibilities as it deems appropriate.
Administration by Committee. The Plan will be administered by the Committee, and responsibilities of the Committee under the Plan may also be carried out by on or more delegates. The Committee may delegate responsibilities under the Plan to employees of the Company or an Affiliate or to one or more Administrative Delegates. The Committee (or to the extent the Committee has delegated its administrative responsibility under this Plan, its delegate) shall have the exclusive responsibility and complete discretionary authority to control the operation, management and administration of this Plan, with all powers necessary to enable it properly to carry out such responsibilities, including (but not limited to) the power to construe this Plan, to determine eligibility for benefits and to resolve all administrative, interpretative, operational, equitable and other questions of any kind or description that arise under this Plan and to settle disputed claims. All disbursements shall be made upon, and in accordance with, the written instructions of the Committee or its delegate. The decisions of the Committee (or its delegate) on all matters within the scope of its authority shall be final and binding upon all persons.
Administration by Committee. The Plan is administered by the Committee. The Committee shall have the sole and exclusive authority and discretion to interpret and construe the provisions of the Plan, to decide any question that may arise regarding the rights of employees, Participants and Beneficiaries, and the amounts of their respective interests, to adopt such rules and to exercise such powers as the Committee may deem necessary for the administration of the Plan, and to exercise any other rights, powers or privileges granted to the Committee by the terms of the Plan. Subject to Section 7(b), the Committee's interpretation and construction of the Plan or any Agreement is final and conclusive.
Administration by Committee. The Committee shall administer the Plan. To the extent required to comply with the applicable provisions of Rule 16b-3 promulgated under the Exchange Act (if the Board is not acting as the Committee under the Plan), it is intended that each member of the Committee shall, at the time he or she takes any action with respect to an Award under the Plan, be an Eligible Director. However, the fact that a Committee member shall fail to qualify as an Eligible Director shall not invalidate any Award granted by the Committee that is otherwise validly granted under the Plan.
Administration by Committee. (a) The Plan shall be administered by a Committee consisting of four members, two members of which shall be appointed by the Company, (hereinafter referred to as the Company members), and two members of which shall be appointed by the Union (hereinafter referred to as the Union members). These members shall serve without compensation from the Pension Fund. In the event of a deadlock, an impartial chairman shall be selected by mutual agreement of the Company and the Union members of the Committee, but shall vote at meetings of the Committee only for the purpose of breaking such deadlock. Failing selection, either party may petition the United States District Court in New York, New York, for appointment of a chairman. The fees and expenses of the impartial chairman shall be paid equally by the Company and the Union. In the event of a deadlock over the approval/denial of an employee's request for disability retirement, the impartial chairman shall be a qualified physician who specializes in the treatment of the medical condition giving rise to the employee's request for disability retirement.
Administration by Committee. The interpretation and construction by the Committee of any provisions of this Agreement shall be final. No member of the Committee shall be liable for any action or determination made in good faith with respect to the Options granted hereunder. The members of the Committee, of which there are at least two, are "disinterested persons", as such term is defined pursuant to Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended.
Administration by Committee. The Committee shall administer the Plan. Unless otherwise provided in the by-laws of the Corporation or the resolutions adopted from time to time by the Board establishing the Committee, the Board may from time to time remove members from, or add members to, the Committee. Vacancies on the Committee, howsoever caused, shall be filled by the Board. The Committee shall select one of its members as Chairman, and shall hold meetings at such times and places as it may determine. A majority of the Committee shall constitute a quorum and the acts of a majority of the members present at any meeting at which a quorum is present or acts reduced to or approved in writing by a majority of the members of the Committee shall be the valid acts of the Committee. Subject to the provisions of the Plan, the Committee shall have exclusive power to:
Administration by Committee. The Plan shall be administered by the Committee.
