Common use of Finality of Decision Clause in Contracts

Finality of Decision. The decision of the Plan Administrator in matters within its jurisdiction involving the Plan shall be final, binding and conclusive upon the Employer and upon each Employee, Participant, Beneficiary, alternate payee and every other person or party. The Plan Administrator shall have the exclusive discretionary authority to construe the terms of the Plan, and the exclusive discretionary authority to determine eligibility for all benefits hereunder. Any such determination and/or interpretation, of the Plan, adopted by the Plan Administrator shall be final and conclusive and shall bind all parties.