Common use of Interpretation of Plan Clause in Contracts

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.

Appears in 2 contracts

Samples: Participation Agreement (Pacific Select Fund), Participation Agreement (Pacific Select Fund)

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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, 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 neither the Board nor the Fund shall not incur any liability to a Trustee or Beneficiary for any such interpretation or determination so made or for any other good faith action taken by it in connection with the Plan in good faith.Plan. PF - Deferred Compensation Plan

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Pacific Funds Series Trust)

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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 Funds 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.

Appears in 1 contract

Samples: Participation Agreement (Pacific Funds)

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