Interpretation of Plan. To the extent not preempted by federal law, the Plan shall be governed and construed under the laws of the state of California (other than its choice of law rules) as in effect from time to time. Notwithstanding any provision to the contrary, this Plan shall be interpreted and construed to comply with Section 409A and the applicable provisions of ERISA.
Interpretation of Plan. The Board of Trustees shall have full power and authority to interpret and administer the Plan and to establish and amend rules and regulations for its administration. Interpretations of, and determinations related to the Plan made by the Board of Trustees of the Fund in good faith, including any determinations of the amounts of accruals, shall be conclusive and binding upon all parties, and the Fund shall not incur any liability to a Trustee for any such interpretation or determination so made or for any other action taken by it in connection with the Plan in good faith.
Interpretation of Plan. Options granted pursuant to the Plan are intended to be "Incentive Stock Options" within the meaning of Section 422 of the Internal Revenue Code (the "Code"), and the Applicable Plan and this Agreement shall be construed to implement that interest. If all or any part of this Option shall not be deemed an "Incentive Stock Option" within the meaning of Section 422 of the Code, the Option shall nevertheless be valid and carried into effect.
Interpretation of Plan. The Committee shall interpret the Plan and from time to time may adopt such rules and regulations for carrying out the terms and purposes of the Plan and may take such other actions in the administration of the Plan as it deems advisable. The interpretation and construction by the Committee of any provisions of this Plan or any Option Agreement and the determination of any question arising under this Plan, any such rule or regulation, or any Option Agreement shall be final and binding on all persons interested in the Plan.
Interpretation of Plan. The Plan Administrator has full discretionary authority to interpret the Agreement; such interpretations and all other decisions and determinations made by the Plan Administrator will be final and binding upon all parties. In the event that Employee is a member of the Plan Administrator, however, he may not make decisions and determinations affecting his own benefits.
Interpretation of Plan. All provisions of this Agreement shall be interpreted in a manner so as to be consistent with Section 409A of the Internal Revenue Code of 1986, as Amended, and the regulations issued there under.
Interpretation of Plan. MONY shall have the exclusive right to interpret the Plan and to decide any matters arising hereunder in the administration of the Plan. 7 11.
Interpretation of Plan. The Trustee shall not be deemed a party to the Plan, and the Xxxxxxx XX shall be solely responsible for the interpretation of any Plan term. The Retirement Board represents that the terms of this Agreement are consistent with the terms of the Plan, and agrees that the Trustee shall have no responsibility for interpreting the terms of the Plan."
Interpretation of Plan. Comptroller shall have complete discretionary, binding and final authority to interpret the Plan Documents, to make factual determinations regarding the payment of Claims or provision of benefits, to review denied Claims and to resolve complaints by Participating Members under the self-insured medical and pharmacy plans. Such authority is delegated to the respective Carriers for the sole purpose of initial Claims determinations and appeals adjudication. Administration of the Medicare-Advantage plan is governed by the Medicare Advantage Carrier’s Evidence of Coverage, and therefore, this provision is not applicable to that plan.
Interpretation of Plan. The determination of the Committee as to any disputed question arising under the Plan, including questions of construction and interpretation, shall be final, binding and conclusive upon all persons, including the Company, its shareholders, and all persons having any interest in Options which may be or have been granted pursuant to the Plan. Stock Options, Stock Appreciation Rights, Restricted Stock grants, and Stock grants are intended to be excluded from the requirements of Code § 409A as a result of the exception for stock rights and the exception for transfers of property subject to § 83. Restricted Stock Unit grants are intended to be excluded from the requirements of Code § 409A under the short-term deferral exception. To the extent that any United Western Bancorp, Inc. 2010 Equity Incentive Plan 20 provision of the Plan or of any grant certificate or agreement could be interpreted otherwise, the Plan and all grant certificates or agreements shall be interpreted in a manner that ensures all grants are excluded from the requirements of Code § 409A. The Company will amend the Plan as necessary to ensure exclusion of Awards from the requirements of Code § 409A, or to the extent necessary or appropriate, to comply with the requirements of Code § 409A.
