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 ARISING THEREUNDER, INCLUDING, WITHOUT
LIMITATION, QUESTIONS OF ELIGIBILITY FOR PARTICIPATION, ELIGIBILITY FOR
BENEFITS, THE VALIDITY OF ANY ELECTION OR DESIGNATION MADE UNDER THE PLAN, AND
THE AMOUNT, MANNER AND TIME OF PAYMENT OF ANY BENEFITS HEREUNDER; AND TO MAKE
FACTUAL DETERMINATIONS NECESSARY OR APPROPRIATE FOR SUCH DECISIONS OR
DETERMINATION;
(B)
TO PRESCRIBE PROCEDURES TO BE FOLLOWED BY
MEMBERS, BENEFICIARIES OR ALTERNATE PAYEES IN FILING APPLICATIONS FOR BENEFITS
AND ANY OTHER ELECTIONS, DESIGNATIONS AND FORMS REQUIRED OR PERMITTED UNDER THE
PLAN;
(C)
TO PREPARE AND DISTRIBUTE INFORMATION
EXPLAINING THE PLAN;
(D)
TO RECEIVE FROM THE BANK AND FROM MEMBERS,
BENEFICIARIES AND ALTERNATE PAYEES SUCH INFORMATION AS SHALL BE NECESSARY FOR
THE PROPER ADMINISTRATION OF THE PLAN;
(E)
TO FURNISH THE BANK OR THE BOARD OF
DIRECTORS, UPON REQUEST, SUCH REPORTS WITH RESPECT TO THE ADMINISTRATION OF THE
PLAN AS ARE REASONABLE AND APPROPRIATE;
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(F)
TO APPOINT OR EMPLOY ADVISORS, INCLUDING
LEGAL AND ACTUARIAL COUNSEL (WHO MAY ALSO BE COUNSEL TO THE BANK) TO RENDER
ADVICE WITH REGARD TO ANY RESPONSIBILITY OF THE COMMITTEE UNDER THE PLAN OR TO
ASSIST IN THE ADMINISTRATION OF THE PLAN;
(G)
TO DESIGNATE IN WRITING OTHER PERSONS TO CARRY
OUT A SPECIFIED PART OR PARTS OF ITS RESPONSIBILITIES HEREUNDER (INCLUDING THIS
POWER TO DESIGNATE OTHER PERSONS TO CARRY OUT