Examples of Administrative Managers in a sentence
Administrative Managers means the persons or entities identified from time to time by the chief executive officer of Westinghouse to serve as administrative managers for the Plan, the Westinghouse Pension Plan and certain other plans, and to have authority with respect to administration and all other fiduciary matters with respect to such plans that are not within the authority of the Financial Managers.
The Administrative Managers (or their delegate) will provide a full and fair review of all appeals from denial of a claim for benefits, and their decision will be final and binding.
The Administrative Managers shall have full and absolute discretion and authority to control and manage the operation and administration of the Plan, and to interpret and apply the terms of the Plan.
The actual terms of the Executive Buy Back will be determined from time to time by the Administrative Managers.
The Administrative Managers shall have the right to make reasonable rules from time to time regarding the Plan; such rules shall be consistent with the policy provided herein.
Managers means the Financial Managers and the Administrative Managers.
The Administrative Managers may employ, appoint, and dismiss advisors as the Administrative Managers deem necessary to carry out the provisions of the Plan and the Trust Agreement, including attorneys, accountants, actuaries, clerks, or other agents, and may delegate any of their authority and duties to such persons.
The Administrative Managers may adopt Plan amendments that relate solely to the administration of the Plan and do not materially change any Plan benefits or materially increase the costs of the Plan.
The Company, acting by written action of the Chief Executive Officer of the Company, has appointed the Administrative Managers who are "named fiduciaries" of the Plan, within the meaning of section 402(a)(2) of ERISA, with respect to Plan administrative matters.
Any such change, termination or suspension shall be effective at such time as is specified by the Board, the Compensation Committee, the Managers, or the Administrative Managers, as applicable, or, if no such time is so specified, upon the adoption thereof.