Xxxx Johnson’s General Obligations as Plan Sponsor Sample Clauses

Xxxx Johnson’s General Obligations as Plan Sponsor. To the extent that BMS is a Participating Company in any Xxxx Xxxxxxx Plan(s), Xxxx Xxxxxxx shall continue to administer, or cause to be administered, in accordance with their terms and applicable law, such Xxxx Xxxxxxx Plan(s), and shall have the sole and absolute discretion and authority to interpret the Xxxx Xxxxxxx Plan(s), as set forth therein, and discretion and authority to engage other entities to provide services to the Xxxx Xxxxxxx Plan(s) and to delegate its administrative responsibilities over Xxxx Xxxxxxx Plan(s) to other entities. Xxxx Xxxxxxx shall not, without first providing at least thirty (30) calendar days’ written notice to BMS, amend any Material Feature of any Xxxx Xxxxxxx Plan in which BMS is a Participating Company, except to the extent such amendment would not affect any benefits of BMS Employees under such Plan or as may be necessary or appropriate to comply with applicable law. Nothing in this Subsection 2.4(b) shall prevent Xxxx Xxxxxxx from amending any Material Feature of any Xxxx Xxxxxxx Plan in which BMS is a Participating Company, provided that the notice required under this Subsection 2.4(b) is timely given.
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