Plan Committee Sample Clauses

Plan Committee. As a condition of the granting of the Option, the Optionee agrees for the Optionee and the Optionee's heirs, legatees and legal representatives, that any dispute or disagreement which may arise under or as a result of or pursuant to this Agreement shall be determined by the Committee administering the Plan in its sole discretion, and any interpretation by the Committee of the terms of this Agreement or the Plan shall be final, binding, and conclusive.

Plan Committee. The person or committee duly authorized by the Board of Directors. The Plan Committee shall be the agent for the Plan Sponsor with respect to the Plan and Trust.

Plan Committee. The Plan shall be administrated by the Committee appointed by the Board of Directors. Members of the Committee or agents of the Committee may be Participants under the Plan.

Plan Committee. The Organization and Compensation Committee of the Company’s Board of Directors (the “Committee”) shall have full power and authority to interpret, construe and administer this Agreement and the Retiree Medical Plan, and such Committee’s interpretations hereof, and all actions hereunder, shall be binding and conclusive on all persons and for all purposes. No member of the Committee shall be liable to any person for any action taken or omitted in connection with the interpretation and administration of this Agreement unless attributable to such member’s willful misconduct.

Plan Committee. (a) The Plan Committee is expressly empowered to limit the amount of Compensation that may be deferred; to deposit amounts into Trust(s) in accordance with this Plan; to interpret the Plan, and to determine all questions arising in the administration, interpretation and application of the Plan; to employ actuaries, accountants, counsel, and other persons it deems necessary in connection with the administration of the Plan; to request any information from the Plan Sponsor it deems necessary to determine whether the Plan Sponsor would be considered insolvent or subject to a proceeding in bankruptcy; and to take all other necessary and proper actions to fulfill its duties as Plan Committee. (b) The Plan Committee shall not be liable for any actions by it hereunder, unless due to its own negligence, willful misconduct or lack of good faith. (c) The Plan Committee shall be indemnified and saved harmless by the Plan Sponsor from and against all personal liability to which it may be subject by reason of any act done or omitted to be done in its official capacity as Plan Committee in good faith in the administration of the Plan and Trust, including all expenses reasonably incurred in its defense in the event the Plan Sponsor fails to provide such defense upon the request of the Plan Committee. The Plan Committee is relieved of all responsibility in connection with its duties hereunder to the fullest extent permitted by law, short of breach of duty to the beneficiaries. (d) The Plan Committee may delegate to one or more persons (including consultants or third party recordkeepers) any of the responsibilities assigned to the Plan Committee pursuant to this Plan.

Plan Committee. (b) The Plan shall contain the following components subject to (c) below: Elimination Period - sixty (60) continuous working days. Monthly Indemnity - sixty percent (60%) to a maximum benefit of seven thousand five hundred ($7,500) plus required registered pension plan contributions. Benefits cease at age sixty-five (65). Sick leave benefits cease after: (i) for persons with less than 60 sick days accumulated, at the expiry of the sick days accumulated; (ii) sixty (60) working days*; (iii) expiration of any sick leave*; or (iv) expiration of any leave of absence. *At the option of Plan Member A Teacher on Long Term Disability will be granted a leave of lesser of two (2) years or the length of time on disability. A Teacher going on Long Term Disability will retain (but not add to) his/her accrued seniority. (c) The LTD Plan Committee, as provided for under Letter of Understanding, shall have the authority to alter the Plan provisions as specified in (b) in accordance with the terms of its responsibilities. 24:03 The Board may change the stated insurance carriers of benefit plans outlined in section 24:01 during the term of this Collective Agreement, only after consultation with the branch affiliates. 24:04 The Board shall continue to contribute the current premiums for the employee benefits as per section 24:01 while an employee is absent on pregnancy or parental leave in accordance with the Employment Standards Act, 2000 provided the Teacher pays the Teacher‟s contribution. A Teacher who has requested and received an Extended Leave shall be notified in writing when his or her Board-paid premiums will cease unless written notification is received from the Teacher confirming that he or she wants to continue to receive these benefits and will pay the full cost of the premiums. 24:05 Teachers who have given birth to a child may choose to use their sick-leave credits for up to six weeks following the birth of their child. Further use of sick-leave credits beyond the six week period, during the pregnancy leave, related to the birth of the child will be based on supporting medical documentation.

Plan Committee. The parties acknowledge and agree that the Plan Committee provisions set forth in Schedule 3.1 of the Agreement shall apply to the Employee Plan, subject to the specific provisions set forth in this Schedule 3.6(b)-1, including Section (g) below, which shall control. Without limiting the generality of the foregoing, Operating Procedures, including the Employee Plan Account Application Criteria shall be a Bank Matter.

Plan Committee. The Plan shall be administered by the Advisory Committee designated and serving as such pursuant to Article IX of the Profit Sharing Plan. No member of the Committee shall act or participate in any action of the Committee directly affecting his own Account under the Plan that is not of general application to all Participants. The Committee is authorized to interpret the Plan and, from time to time, may adopt such rules and regulations, consistent with the provisions of the Plan, as it may deem advisable to carry out the purposes of the Plan. The Committee will operate and administer the Plan and shall have all powers necessary to accomplish that purpose, including, but not limited to, the discretionary authority to interpret the Plan, the discretionary authority to determine all questions relating to the rights and status of Eligible Employees and Participants, and the discretionary authority to make such rules and regulations for the administration of the Plan as are not inconsistent with the terms and provisions hereof, as well as such other authority and powers relating to the administration of the Plan, except such as are reserved by the Plan to the Board of Directors of the Company. All decisions made by the Committee shall be final. Without limiting the powers set forth herein, the Committee shall have the power (i) with the consent of the Board of Directors of the Company to change or waive any requirements of the Plan to conform with law or to meet special circumstances not anticipated or covered in the Plan; (ii) to determine the times and places for holding meetings of the Committee and the notice to be given of such 11 meetings; (iii) to employee such agents and assistants, such counsel (who may be of counsel to the Company herein), and such clerical and other services as the Committee may require in carrying out the provisions of the Plan; and (iv) to authorize one or more of their number or any agent to execute or deliver any instrument on behalf of the Committee. The members of the Committee, and the Company and its officers and directors, shall be entitled to rely upon all valuations, certificates and reports furnished by any funding agent, upon all certificates and reports made by an accountant and upon all opinions given by any legal counsel selected or approved by the Committee, and the members of the Committee and the Company and its officers and directors shall, except as otherwise provided by law, be fully protected in respect of any a...

Plan Committee. The senior human resources officer of the Company shall have full power and authority to interpret, construe and administer this Agreement and the Retiree Medical Plan, and such Committee’s interpretations hereof, and all actions hereunder, shall be binding and conclusive on all persons and for all purposes. No member of the Compensation and Benefits Committee or the senior human resources officer shall be liable to any person for any action taken or omitted in connection with the interpretation and administration of this Agreement unless attributable to such member’s willful misconduct.

Plan Committee. The parties do hereby establish a “Plan Committee” which shall be comprised and operated as set forth in this Schedule 11.