DESIGNATION OR CHANGE
IN A BENEFICIARY DESIGNATION.
ARTICLE VI
OPERATION AND ADMINISTRATION OF THE PLAN
6.1
AUTHORITY AND RESPONSIBILITY.
THE PLAN
ADMINISTRATOR SHALL HAVE THE SOLE AND EXCLUSIVE DISCRETIONARY AUTHORITY TO
DETERMINE ELIGIBILITY FOR BENEFITS UNDER THIS PLAN, TO INTERPRET AND CONSTRUE
THE TERMS OF THIS PLAN, AND TO DETERMINE ALL QUESTIONS ARISING IN CONNECTION
WITH THE ADMINISTRATION, INTERPRETATION, AND APPLICATION OF THIS PLAN.
THE PLAN
ADMINISTRATOR SHALL REMEDY ANY AMBIGUITY, INCONSISTENCY OR OMISSION IN ITS SOLE
AND COMPLETE DISCRETION. THE PLAN ADMINISTRATOR'S INTERPRETATION, CONSTRUCTION
OR DETERMINATION, AS THE CASE MAY BE, SHALL BE CONCLUSIVE AND BINDING ON ALL
PARTIES.
SUCH AUTHORITY SHALL INCLUDE, BUT SHALL NOT BE LIMITED TO, THE
FOLLOWING:
(A)
APPOINTMENT OF QUALIFIED ACCOUNTANTS,
ACTUARIES, CONSULTANTS, ADMINISTRATORS, COUNSEL, APPRAISERS, OR OTHER PERSONS IT
DEEMS NECESSARY OR ADVISABLE, WHO SHALL SERVE THE PLAN ADMINISTRATOR AS ADVISORS
ONLY AND SHALL NOT EXERCISE ANY DISCRETIONARY AUTHORITY, RESPONSIBILITY OR
CONTROL WITH RESPECT TO THE MANAGEMENT OR ADMINISTRATION OF THIS PLAN;
(B)
ADOPTION OF FORMS AND REGULATIONS FOR THE
EFFICIENT ADMINISTRATION OF THIS PLAN WHICH ARE CONSISTENT WITH THIS PLAN;
(C)
REMEDY OF ANY INEQUITY RESULTING FROM
INCORRECT INFORMATION RECEIVED OR COMMUNICATED, OR OF ADMINISTRATIVE ERROR;
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(D)
SETTLEMENT OR COMPROMISE OF ANY CLAIMS OR
DEBTS ARISING FROM THE OPERATION OF THIS PLAN AND THE COMMENCEMENT OF ANY LEGAL
ACTION OR ADMINISTRATIVE PROCEEDING; AND
(E)
ENROLLMENT OF A PARTICIPANT IN THIS PLAN,
DISTRIBUTION AND RECEIPT OF PLAN ADMINISTRATION FORMS AND COMPLIANCE WITH ALL
APPLICABLE GOVERNMENTAL REPORTING AND DISCLOSURE REQUIREMENTS.
6.2
RECORDS AND REPORTS.
(A)
THE PLAN ADMINISTRATOR SHALL KEEP A RECORD
OF ITS PROCEEDINGS AND ACTS AND SHALL KEEP BOOKS OF ACCOUNT, RECORDS AND OTHER
DATA NECESSARY FOR THE PROPER ADMINISTRATION OF THIS PLAN.
(B)
AT LEAST ANNUALLY, THE PLAN ADMINISTRATOR
SHALL PROVIDE EACH PARTICIPANT AND BENEFICIARY, IF APPLICABLE, WITH A DETAILED
STATEMENT OF HIS/HER ACCOUNT, INCLUDING ALL TRANSACTIONS AFFECTING THE ACCOUNT
DURING THE PRIOR TWELVE-MONTH PERIOD, AND REFLECTING THE MOST RECENT VALUATION
OF SUCH ACCOUNTS.
THE PLAN ADMINISTRATOR SHALL FURNISH EACH PARTICIPANT AND
BENEFICIARY, IF APPLICABLE, WITH SUCH INFORMATION AS MAY BE REQUIRED BY HIM/HER
FOR TAX OR OTHER PURPOSES IN CONNECTION WITH THIS PLAN.
6.3
REQUIRED INFORMATION.
A PARTICIPANT OR
BENEFICIARY WHO IS ENTITLED TO A BENEFIT UNDER THIS PLAN SHALL FURNISH SUCH
FORMS, INFORMATION AND DATA AS REQUESTED BY THE PLAN ADMINISTRATOR WHICH IS
NECESSARY OR DESIRABLE FOR THE PROPER ADMINISTRATION OF THIS PLAN.
A FAILURE ON
THE PART OF ANY PARTICIPANT OR BENEFICIARY TO COMPLY WITH SUCH REQUEST WITHIN A
REASONABLE PERIOD OF TIME SHALL BE SUFFICIENT GROUNDS FOR DELAY IN THE PAYMENT
OF BENEFITS UNTIL THE FORM, INFORMATION OR DATA REQUESTED IS RECEIVED.
THE
RECORDS AND/OR DETERMINATION OF THE COMPANY AS TO A PERIOD OR PERIODS OF
EMPLOYMENT, TERMINATION OF EMPLOYMENT AND THE REASON THEREFORE, LEAVES OF
ABSENCES, REEMPLOYMENT, AND POST-EMPLOYMENT ACTIVITY SHALL BE CONCLUSIVE ON ALL
PERSONS.
6.4
PAYMENT OF EXPENSES OF PLAN.
THE COMPANY
SHALL PAY ALL OF THE ADMINISTRATIVE EXPENSES OF THIS PLAN, INCLUDING BUT NOT
LIMITED TO, ALL FEES AND RETAINERS OF