MAJORITY ACTIONS. Except where there has been an allocation and delegation of administrative authority pursuant to Section 2.3, if there is more than one Administrator, then they shall act by a majority of their number, but may authorize one or more of them to sign all papers on their behalf.
Appears in 4 contracts
Samples: Disclosure Statements and Trust Agreements, Adoption Agreement (MSC Software Corp), Adoption Agreement (Baldwin Technology Co Inc)
MAJORITY ACTIONS. Except where there has been an allocation and delegation of administrative authority pursuant to Section 2.32.5, if there is shall be more than one Administrator, then they shall act by a majority of their number, but may authorize one or more of them to sign all papers on their behalf.
Appears in 3 contracts
Samples: Employee Stock Ownership Plan (Atlantic Coast Airlines Inc), Retirement & Profit Sharing Plan (Aironet Wireless Communications Inc), Retirement & Profit Sharing Plan (Telxon Corp)
MAJORITY ACTIONS. Except where there has been an allocation and delegation of administrative authority pursuant to Section 2.32.05, if there is shall be more than one Administrator, then they shall act by a majority of their number, but may authorize one or more of them to sign all papers on their behalf.
Appears in 1 contract
Samples: 401(k) Savings Plan and Trust Agreement (Fulton Financial Corp)
MAJORITY ACTIONS. Except where there has been an allocation and delegation of administrative authority pursuant to Section 2.32.03, if there is shall be more than one Administrator, then they shall act by a majority of their number, but may authorize one or more of them to sign all papers on their behalf.
Appears in 1 contract
MAJORITY ACTIONS. Except where there has been an allocation and delegation of administrative authority pursuant to Section 2.3, . if there is more than one Administrator, then they shall act by a majority of their number, but may authorize one or more of them to sign all papers on their behalf.
Appears in 1 contract
Samples: 401(k) Profit Sharing Plan Adoption Agreement (Wayne Savings Bancshares Inc /De/)
MAJORITY ACTIONS. Except where there has been an allocation and delegation of administrative authority pursuant to Section 2.3, if there is shall be more than one Administrator, then they shall act by a majority of their number, but may authorize one or more of them to sign all papers on their behalf.
Appears in 1 contract
Samples: Employee Stock Ownership Plan and Trust (Uwharrie Capital Corp)
