Common use of RECORDS AND DOCUMENTS; ERRORS Clause in Contracts

RECORDS AND DOCUMENTS; ERRORS. Participants and Beneficiaries must supply the Administrator with such personal history data as may be required by the Administrator in the operation of the Plan. Proof of age, when required, must be established by evidence satisfactory to the Administrator, and the records of the Employer and Participating Affiliates concerning length of service and compensation may be accepted by the Administrator as conclusive for the purposes of the Plan. Should any error in the records maintained under the Plan result in any Participant or Beneficiary receiving from the Plan more or less than he or she would have been entitled to receive had the records been correct, the Administrator, in its discretion, may correct such error and, as far as practicable, may adjust benefits in such manner that the aggregate value of the benefit under the Plan shall be the amount to which such Participant or Beneficiary was properly entitled.

Appears in 7 contracts

Samples: Adoption Agreement (MSC Industrial Direct Co Inc), Adoption Agreement (Pennfed Financial Services Inc), Adoption Agreement (Sterling Financial Corp /Wa/)

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RECORDS AND DOCUMENTS; ERRORS. Participants and Beneficiaries must supply the Administrator with such personal history data as may be required by the Administrator in the operation of the Plan. Proof of age, when required, must be established by evidence satisfactory to the Administrator, and the records of the Employer and Participating Affiliates concerning length of service and compensation may be accepted by the Administrator as conclusive for the purposes of the Plan. Should any error in the records maintained under the Plan result in any Participant or Beneficiary receiving from the Plan more or less than he or she would have been entitled to receive received had the records been correct, the Administrator, in its discretion, may correct such error and, as far as practicable, may adjust benefits in such a manner that the aggregate value of the benefit under the to Plan shall be the amount to which such Participant or Beneficiary was properly entitled.

Appears in 1 contract

Samples: Adoption Agreement (Gadzooks Inc)

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RECORDS AND DOCUMENTS; ERRORS. Participants and Beneficiaries must supply the Administrator with such personal history data as may be required by the Administrator in the operation of the Plan. Proof of age, when required, must be established by evidence satisfactory to the Administrator, and the records of the Employer and Participating Affiliates concerning length of service and compensation may be accepted by the Administrator as conclusive for the purposes of the Plan. Should any error in the records maintained under the Plan result in any Participant or Beneficiary receiving from the Plan more or less than he or she would have been entitled to receive had the records 51 88 been correct, the Administrator, in its discretion, may correct such error and, as far as practicable, may adjust benefits in such manner that the aggregate value of the benefit under the Plan shall be the amount to which such Participant or Beneficiary was properly entitled.

Appears in 1 contract

Samples: Adoption Agreement (Tca Cable Tv Inc)

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