Common use of NO ADMINISTRATION Clause in Contracts

NO ADMINISTRATION. The parties hereto understand and agree that this Agreement shall not be subject to a separate ongoing administrative scheme to administer the benefits of this Agreement, as the parties agree that the benefits provided hereunder that are not subject to the terms of a separate plan are capable of simple or mechanical determination upon the happening or a required event or events.

Appears in 8 contracts

Samples: Change in Control Agreement (Black Hills Corp /Sd/), Change in Control Agreement (Black Hills Corp /Sd/), Change in Control Agreement (Black Hills Corp /Sd/)

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NO ADMINISTRATION. The parties hereto understand and agree that this Agreement shall not be subject to a separate ongoing administrative scheme to administer the benefits of this Agreement, as the parties agree Agreement in that the benefits provided hereunder that are not subject to the terms of a separate plan are capable of simple or mechanical determination upon the happening or of a required event or events.

Appears in 3 contracts

Samples: Change in Control Agreement (Black Hills Corp /Sd/), Change in Control Agreement (Black Hills Corp /Sd/), Change in Control Agreement (Black Hills Corp)

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