Examples of Administrative Delegate in a sentence
The Administrative Delegate shall not be considered a fiduciary with respect to the services it provides.
Xxxxxx Title: Vice President 4 1/2% SENIOR NOTE DUE 2023 No. [ ] CUSIP No. [ ] CROWN AMERICAS LLC, a Pennsylvania limited liability company (“Crown Americas”), and CROWN AMERICAS CAPITAL CORP.
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 decision of the Sponsor (or any individual to whom authority has been delegated in accordance with Section 18.1, other than the Administrative Delegate) shall be final and binding on all persons and entitled to the maximum deference allowed by law.
Any designation or revocation of a prior designation of Beneficiary shall be in writing on a form acceptable to the Committee and shall be filed with the Administrative Delegate.
If there is not on file with the Administrative Delegate an effective designation of Beneficiary by a deceased Participant on the date of his or her death, his or her Beneficiary shall be the person or persons surviving him or her in the first of the following classes in which there is a survivor, share and share alike:(a) His or her Spouse.
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 8.17.
An Eligible Employee hired prior to March 1, 2008 or an Eligible Employee hired on or after March 1, 2008 who makes a withdrawal election pursuant to Section 4.1 must complete an election form provided by the Administrative Delegate for this purpose and file it in a timely manner with the Administrative Delegate as a condition to becoming a Participant.
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 8.6. Any decisions which call for interpretations of Plan provisions not previously made by the Committee shall be made only by the Committee.
The Committee shall have the authority and discretion to engage an Administrative Delegate who shall perform, without discretionary authority or control, administrative functions within the framework of policies, interpretations, rules, practices and procedures made by the Committee or other Plan fiduciary.