Common use of Powers of the Administrator Clause in Contracts

Powers of the Administrator. The Administrator shall have full discretionary power to administer the Agreement in all of its details. For this purpose the Administrator’s discretionary power shall include, but shall not be limited to, the following authority: (a) to make and enforce such rules and regulations as it deems necessary or proper for the efficient administration of the Agreement or required to comply with applicable law; (b) to interpret the Agreement; (c) to decide all questions concerning the Agreement and the eligibility of any person to participate in the Agreement; (d) to compute the amounts to be distributed under the Agreement, and to determine the person or persons to whom such amounts will be distributed; (e) to authorize payments under the Agreement; (f) to keep such records and submit such filings, elections, applications, returns or other documents or forms as may be required under the Internal Revenue Code of 1986, as amended, and applicable regulations, or under other federal, state or local law and regulations; and (g) to allocate and delegate its ministerial duties and responsibilities and to appoint such agents, counsel, accountants and consultant as may be required or desired to assist in administering the Agreement.

Powers of the Administrator. The Administrator shall have full discretionary power to administer the Agreement in all of its details. For this purpose the Administrator’s discretionary power shall include, but shall not be limited to, the following authority: (a) 6.1.1 to make and enforce such rules and regulations as it deems necessary or proper for the efficient administration of the Agreement or required to comply with applicable law; (b) 6.1.2 to interpret the Agreement; (c) 6.1.3 to decide all questions concerning the Agreement and the eligibility of any person to participate in the Agreement; (d) 6.1.4 to compute the amounts to be distributed under the Agreement, and to determine the person or persons to whom such amounts will be distributed; (e) 6.1.5 to authorize payments under the Agreement; (f) 6.1.6 to keep such records and submit such filings, elections, applications, returns or other documents or forms as may be required under the Internal Revenue Code of 1986, as amendedamended (the “Code”), and applicable regulations, or under other federal, state or local law and regulations; and (g) 6.1.7 to allocate and delegate its ministerial duties and responsibilities and to appoint such agents, counsel, accountants and consultant as may be required or desired to assist in administering the Agreement.