Majority Decisions. If there shall at any time be three (3) or more members of the Committee serving hereunder who are qualified to perform a particular act, the same may be performed, on behalf of all, by a majority of those qualified, with or without the concurrence of the minority. No person who failed to join or concur in such act shall be held liable for the consequences thereof, except to the extent that liability is imposed under ERISA.
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Samples: Employee Stock Ownership Plan Trust Agreement (People's Utah Bancorp), 401(k) Profit Sharing Plan Trust Agreement (Northstar Computer Forms Inc/Mn), Employee Stock Ownership Plan Trust Agreement (Entegris Inc)
Majority Decisions. If there shall at any time be three (3) or more members of the Benefits Administration Committee serving hereunder who are qualified to perform a particular act, the same may be performed, on behalf of all, by a majority of those qualified, with or without the concurrence of the minority. No person who failed to join or concur in such act shall be held liable for the consequences thereof, except to the extent that liability is imposed under ERISA.
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