PLAN RETIREMENT BENEFIT DETERMINED ASSUMING THAT THE COMMENCEMENT DATE
UNDER THE QUALIFIED PLAN IS THE SAME AS THE PENSION COMMENCEMENT DATE UNDER THIS
PLAN (REGARDLESS OF WHETHER THE MEMBER (OR HIS OR HER SURVIVING SPOUSE) ENTERED
PAY STATUS UNDER THE QUALIFIED PLAN PRIOR TO HIS OR HER DEATH OR HAS ELECTED TO
DEFER COMMENCEMENT OF HIS OR HER QUALIFIED PLAN SURVIVOR BENEFIT TO A LATER
COMMENCEMENT DATE), REDUCED BY ANY GRANDFATHERED SUPPLEMENTAL SURVIVOR BENEFIT
(CALCULATED UNDER SECTION 4.2 ASSUMING PAYMENT COMMENCEMENT AS OF THE SAME
DATE).
IN CALCULATING THE AMOUNT OF THE NON-GRANDFATHERED SUPPLEMENTAL SURVIVOR
BENEFIT UNDER SECTION 4.1, ANY RETIREMENT ADJUSTMENT PAYMENT, POST-RETIREMENT
SUPPLEMENT OR SINGLE PURCHASE FIXED PERCENTAGE ADJUSTMENT UNDER THE QUALIFIED
PLAN PRIOR TO THE PENSION COMMENCEMENT DATE UNDER THIS PLAN SHALL NOT BE TAKEN
INTO ACCOUNT.
15
The Member's Non-Grandfathered Supplemental Survivor Benefit shall be adjusted
as provided under the terms of the Qualified Plan, to the extent applicable, to
reflect commencement of payments prior to the Member's Normal Retirement Date or
payment in a form of benefit other than a single-life annuity.
In determining
the amount of any optional form of benefit, the factors set forth in the
Qualified Plan shall apply.
4.4
PAYMENT OF NON-GRANDFATHERED SUPPLEMENTAL SURVIVOR BENEFITS.
THE
NON-GRANDFATHERED SUPPLEMENTAL SURVIVOR BENEFIT SHALL BE PAID TO THE MEMBER'S
BENEFICIARY IN A SINGLE LUMP SUM AS SOON AS PRACTICABLE AFTER THE MEMBER'S
DEATH.
4.5
OTHER PAYMENT RULES.
SECTIONS 3.6 THROUGH
3.9 SHALL APPLY TO THE PAYMENT OF NON-GRANDFATHERED SUPPLEMENTAL SURVIVOR
BENEFITS.
SECTION 5 - ADMINISTRATION OF THE PLAN
5.1
ADMINISTRATION BY THE BANK.
THE COMMITTEE
SHALL BE RESPONSIBLE FOR THE GENERAL OPERATION AND ADMINISTRATION OF THE PLAN
AND FOR CARRYING OUT THE PROVISIONS THEREOF.
THE COMMITTEE MAY APPOINT SUCH
PERSON OR PERSONS AS IT DEEMS APPROPRIATE TO PERFORM ALL OR ANY OF THE FUNCTIONS
OF THE ADMINISTRATOR UNDER THE TERMS OF THE PLAN.
TO THE EXTENT THAT NO SUCH
PERSON OR PERSONS ARE APPOINTED, THE COMMITTEE SHALL SERVE AS ADMINISTRATOR.
5.2
GENERAL POWERS OF ADMINISTRATION.
THE
COMMITTEE SHALL HAVE AUTHORITY AND DISCRETION TO CONTROL AND MANAGE THE
OPERATION AND ADMINISTRATION OF THE PLAN, INCLUDING ALL RIGHTS AND POWERS
NECESSARY OR CONVENIENT TO THE CARRYING OUT OF ITS FUNCTIONS HEREUNDER, WHETHER
OR NOT SUCH RIGHTS AND POWERS ARE SPECIFICALLY ENUMERATED HEREIN.
THE COMMITTEE
MAY, IN ITS DISCRETION, DELEGATE AUTHORITY WITH REGARD TO THE ADMINISTRATION OF
THE PLAN TO ANY INDIVIDUAL, OFFICER OR COMMITTEE IN ACCORDANCE WITH
SECTION 5.2(G) BELOW.
NOTWITHSTANDING ANY OTHER PROVISION OF THE PLAN, IF AN
ACTION OR DIRECTION OF ANY PERSON TO WHOM AUTHORITY HEREUNDER HAS BEEN DELEGATED
CONFLICTS WITH AN ACTION OR DIRECTION OF THE COMMITTEE, THEN THE AUTHORITY OF
THE COMMITTEE SHALL SUPERSEDE THAT OF THE DELEGATE WITH RESPECT TO SUCH ACTION
OR DIRECTION.
Without limiting the generality of the foregoing, and in addition to the other
powers set forth in this Section 5.2, the Committee or its delegate shall have
the following express authorities:
(A)
TO CONSTRUE AND INTERPRET THE PROVISIONS OF
THE PLAN; TO DECIDE ALL QUESTIONS