Agenda 07/23/2002 - Laserfiche WebLink

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ARTICLE VII - ADMINISTRATION OF PLAN 7.1 Plan Administrator. The administration of the Plan shall be under the supervision of the Administrator. It shall be a principal duty of the Administrator to see that the Plan is carried out, in accordance with its terms, for the exclusive benefit of persons entitled to participate in the Plan without discrimination among them. The Administrator will have full power to administer the Plan in all of its details, subject to applicable requirements of law. For this purpose, the Administrator's powers will include, but will not be limited to, the following authority in addition to all other powers provided by this Plan: (a) To make and enforce such rules and regulations as it deems necessary or proper for the efficient administration of the Plan, including the establishment of any claims procedures that may be required by applicable provisions of law; (b) To construe and interpret the Plan (including, without limitation, any of its terms which are uncertain, doubtful or disputed), its interpretation thereof in good faith to be final and conclusive on all persons claiming benefits under the Plan; (c) To decide all questions concerning the Plan and the eligibility of any person to participate in the Plan; (d) To compute the mount of benefits which will be payable to any Participant or other person in accordance with the provisions of the Plan, and to determine the person or persons to whom such benefits will be paid; (e) To authorize the payment of benefits; (f) To require Participants to furnish such certifications and other information as the Administrator deems necessary or desirable to carry out the Plan; (g) To appoint such agents, counsel, accountants, consultants and other persons as may be required to assist in administering the Plan; and (h) To allocate and delegate its responsibilities under the Plan and to designate other persons to carry out any of its responsibilities under the Plan, with any such allocation, delegation or designation to be in writing. Notwithstanding the foregoing, any claim which arises under any Underlying Plan or other plan which does not specifically incorporate this Plan's administrative procedures shall not be subject to review under this Plan, and the Administrator's authority under this Section 7.1 shall not extend to any matter as to which an Administrator under any such other plan is empowered to make determinations under such Plan. It is the intention of the Plan to grant the Adm'mistrator full discretionary authority to determine eligibility for benefits and to construe the terms of the Plan. Any construction or interpretation of the Plan's provisions or decisions as to benefits under this Plan which is adopted by the Administrator or Committee in good faith shall be binding upon all parties to or beneficiaries of'the Plan, subject only to any rights of review by the Administrator of Committee provided by this Plan. 9