INTERESTED MEMBER Clause Samples
The 'INTERESTED MEMBER' clause defines how situations are handled when a member of a decision-making body has a personal interest in a matter under consideration. Typically, this clause requires such members to disclose their interest and may restrict their ability to participate in discussions or vote on the relevant issue. By establishing clear procedures for managing conflicts of interest, the clause helps maintain fairness and integrity in organizational decisions.
INTERESTED MEMBER. No member of the Advisory Committee may decide or determine any matter concerning the distribution, nature or method of settlement of his own benefits under the Plan, except in exercising an election available to that member in his capacity as a Participant, unless the Plan Administrator is acting alone in the capacity of the Advisory Committee.
INTERESTED MEMBER. No member of the Plan Administration Committee may decide or determine any matter concerning the distribution, nature or method of settlement of his or her own benefits under the Plan, except in exercising an election available to that member in his or her capacity as a Participant.
INTERESTED MEMBER. No member of the Administration Committee may decide or determine any matter concerning the distribution, nature, or method of settlement of his own benefits under the Plan unless there is only one person acting alone in the capacity as the Administration Committee.
INTERESTED MEMBER. The term “
INTERESTED MEMBER. 61 ARTICLE XII MISCELLANEOUS