Common use of Company Powers Clause in Contracts

Company Powers. The Company shall have such powers and authority as are necessary and appropriate in order to carry out its duties under the Plan, including, without limitation, the power to: (1) obtain such information as it shall deem necessary to carry out its duties under the Plan; (2) investigate the correctness and validity of information furnished with respect to an application for an IMP Benefit; (3) make initial determinations with respect to IMP Benefits; (4) establish reasonable rules, regulations and procedures concerning: (i) the manner in which and the times and places at which an application shall be filed for IMP Benefits, (ii) the form, content and substantiation of the application for IMP Benefits; (iii) the allocation of Statutory Benefits and Income from Other Sources that are not directly attributable to specific Weeks for purposes of determining IMP Benefits; (5) determine the amount of Company funds that have been expended under the Plan to ensure that the Maximum Company Liability Amount, as defined under section 14(c), will not be exceeded; (6) establish appropriate procedures for giving notices required to be given under the Plan; (7) establish and maintain necessary records; (8) furnish the Union an annual report for each calendar year as to Company expenditures counted against the Maximum Company Liability Amount; and (9) prepare and distribute information explaining the Plan.

Company Powers. The Company shall have such powers and authority as are necessary and appropriate in order to carry out its duties under the Plan, including, without limitation, the power to: (1) obtain such information as it shall deem necessary to carry out its duties under the Plan; (2) investigate the correctness and validity of information furnished with respect to an application for an IMP Benefit; (3) make initial determinations with respect to IMP Benefits; (4) establish reasonable rules, regulations and procedures concerning: (i) the manner in which and the times and places at which an application shall be filed for IMP Benefits, (ii) the form, content and substantiation of the application for IMP Benefits;, (iii) the allocation of Statutory Benefits and Income from Other Sources that are not directly attributable to specific Weeks for purposes of determining IMP Benefits; (5) determine the amount of Company funds that have been expended under the Plan to ensure that the Income Security Fund Maximum Company Liability AmountLiability, as defined under section 14(cin Section 19, (19), will not be exceededexhausted; (6) establish appropriate procedures for giving notices required to be given under the Plan; (7) establish and maintain necessary records; (8) furnish the Union an annual report for each calendar year as to Company expenditures counted against the Income Security Fund Maximum Company Liability AmountLiability; and (9) prepare and distribute information explaining the Plan.