Examples of Administrative Delegate in a sentence
The Administrative Delegate shall not be considered a fiduciary with respect to the services it provides.
The Committee or Administrative Delegate will continue making such reductions until the aggregate amount of reductions equals the total determined in (2).
The Committee shall also have the authority and discretion to engage an Administrative Delegate who shall perform, without discretionary authority or control, day-to-day administrative functions within the framework of policies, interpretations, rules, practices, and procedures made by the Committee or other Plan Fiduciary.
Any action made or taken by the Administrative Delegate may be appealed by an affected Participant to the Committee in accordance with the claims review procedures provided in Section 8.5. Any decisions which call for interpretations of Plan provisions not previously made by the Committee shall be made only by the Committee.
Any action made or taken by the Administrative Delegate may be appealed by an affected Participant to the Sponsor in accordance with the claims review procedure as provided in Section 18.4. Any decisions which call for interpretations of plan provisions not previously made by the Sponsor shall be made only by the Sponsor.
Any action made or taken by the Administrative Delegate may be appealed by an affected Member to the Committee in accordance with the claims review procedure in Section 16.05.
In furtherance of, but without limiting the foregoing, the Trustee, the Administrative Delegate, the Plan Administrator, the Committee, any Investment Manager, or any investment option provider (or their delegate, as applicable) may decline to implement any investment election or instruction where it deems appropriate.
The Committee shall also have the authority and discretion to engage an Administrative Delegate who shall perform, without discretionary authority or control, administrative functions within the frame work of policies, interpretations, rules practices and procedures made by the Committee or other Plan Fiduciary.
In carrying out its duties under the Plan, including making benefit determinations, interpreting or construing the provisions of the Plan, making factual determinations, and resolving disputes, the Sponsor (or any individual to whom authority has been delegated in accordance with Section 18.1, other than the Administrative Delegate) shall have absolute discretionary authority.
The Committee or Administrative Delegate will reduce Matching Contributions of Highly Compensated Employees who received the highest dollar amount by the amount required to cause his or her Matching Contributions to equal the amount received by the Highly Compensated Employee with the next highest dollar amount.