Common use of Delegation of Authority for the Day-to-Day Administration of the Plan Clause in Contracts

Delegation of Authority for the Day-to-Day Administration of the Plan. Except to the extent prohibited by Applicable Law, the Administrator may delegate to one or more individuals the day-to-day administration of the Plan and any of the functions assigned to it in this Plan. Such delegation may be revoked at any time.

Delegation of Authority for the Day-to-Day Administration of the Plan. Except to the extent prohibited by Applicable Lawapplicable law or applicable rules of a stock exchange, the Administrator Board or any of its committees as shall be administering the Plan may delegate to one or more individuals the day-to-day administration of the Plan and any of the functions assigned to it in this Plan. Such The delegation may be revoked at any time.