Administration of This Plan. (a) This Plan shall be administered by a committee of the Board (the "Committee") which shall consist of not less than two members of the Board who are "Non-Employee Directors" as defined in Rule 16 b-3(b)(3) of the Rules and Regulations under the Securities Exchange Act of 0000 (xxx "Xxxxxxxx Xxx"). In the absence of a duly appointed Committee, the Plan shall be administered by the Board. The Committee shall have full power and authority to construe, interpret and administer this Plan. All actions, decisions, determinations, or interpretations of the Committee shall be final, conclusive, and binding upon all parties. Members of the Committee shall serve at the pleasure of the Board.
Administration of This Plan. (a) The Board shall have the authority in its sole discretion, subject to and not inconsistent with the express provisions of this Plan, to administer this Plan and to exercise all the powers and authorities either specifically granted to it under this Plan or necessary or advisable in the administration of this Plan, including, without limitation, (i) the authority to grant Awards; (ii) to determine the persons to whom and the time or times at which Awards shall be granted; (iii) to determine the type and number of Awards to be granted, the number of shares of Common Stock to which an Award may relate and the terms, conditions, restrictions and performance criteria relating to any Award, including exercisability and vesting provisions; (iv) to determine whether, to what extent, and under what circumstances an Award may be settled, canceled, forfeited, exchanged, or surrendered; (v) to construe and interpret this Plan and any Award; (vi) to prescribe, amend and rescind rules and regulations relating to this Plan; (vii) to determine the terms and provisions of Award Agreements; (viii) to correct any defect, supply any omission, or reconcile any inconsistency in this Plan, any Award, or any Award Agreement; and (ix) to make all other determinations deemed necessary or advisable for the administration of this Plan. All decisions, determinations and interpretations of the Board shall be final and binding on all Participants.
Administration of This Plan. (a) This Plan shall be administered by a committee of the Board (the "Committee") which shall consist of not less than three non-employee members of the Board who are "disinterested persons" as described in Rule 16b-3(c)(2)(i) of the Rules and Regulations under the Securities Exchange Act of 0000 (xxx "Xxxxxxxx Xxx"). In the absence of a duly appointed Committee, the Plan shall be administered by those members of the Board who are "disinterested persons," and by the Board if there are less than three "disinterested persons." The Committee shall have full power and authority to construe, interpret and administer this Plan. All actions, decisions, determinations, or interpretations of the Committee shall be final, conclusive, and binding upon all parties. Members of the Committee shall serve at the pleasure of the Board.
Administration of This Plan. (a) This Plan will be administered by the Committee. The Committee may from time to time delegate all or any part of its authority under this Plan to a subcommittee thereof. To the extent of any such delegation, references in this Plan to the Committee will be deemed to be references to such subcommittee.
Administration of This Plan. From and after the Effective Date, neither the Management Services Provider nor the Rehabilitator shall have any continuing responsibility, obligation, or role with respect to this Plan or any matter governed thereby, and AAC in its capacity as Claims Administrator shall perform all responsibilities, duties and obligations ascribed to it in this Plan and the Amended Payment Guidelines.
Administration of This Plan
