MAY AUTHORIZE IN WRITING ANY PERSON TO EXECUTE ANY DOCUMENT OR
DOCUMENTS ON ITS BEHALF, AND ANY INTERESTED PERSON, UPON RECEIPT OF NOTICE OF
SUCH AUTHORIZATION DIRECTED TO IT, MAY THEREAFTER ACCEPT AND RELY UPON ANY
DOCUMENT EXECUTED BY SUCH AUTHORIZED PERSON UNTIL THE ADMINISTRATIVE COMMITTEE
SHALL DELIVER TO SUCH INTERESTED PERSON A WRITTEN REVOCATION OF SUCH
AUTHORIZATION.
11.1.3
A MEMBER OF THE ADMINISTRATIVE COMMITTEE WHO IS ALSO A PARTICIPANT
SHALL NOT VOTE OR ACT UPON ANY MATTER RELATING SOLELY TO HIMSELF OR HERSELF
UNLESS SUCH PERSON IS THE SOLE MEMBER OF THE ADMINISTRATIVE COMMITTEE.
11.2
ADMINISTRATIVE COMMITTEE POWERS AND DUTIES
The Administrative Committee is allocated such duties and powers as may be
necessary to discharge its duties hereunder including, without limitation, the
exclusive and discretionary authority to perform the following functions:
(A)
TO MAKE SUCH RULES AND REGULATIONS AS IT SHALL DEEM NECESSARY OR
PROPER FOR THE EFFICIENT ADMINISTRATION OF THE PLAN;
(B)
TO INTERPRET AND CONSTRUE THE PLAN, TO RESOLVE ANY AMBIGUITIES AND
TO DECIDE ANY AND ALL MATTERS ARISING HEREUNDER INCLUDING, WITHOUT LIMITATION,
QUESTIONS OF FACT AS TO ELIGIBILITY TO PARTICIPATE IN THE PLAN OR RECEIVE
BENEFITS UNDER THE PLAN OR THE AMOUNT AND TIMING OF BENEFITS UNDER THE PLAN;
PROVIDED, HOWEVER, THAT ALL SUCH INTERPRETATIONS AND DECISIONS SHALL BE APPLIED
IN A UNIFORM AND NONDISCRIMINATORY MANNER TO ALL SIMILARLY SITUATED PERSONS AND
SHALL BE CONCLUSIVELY BINDING UPON ALL PERSONS INTERESTED IN THE PLAN. THE
ADMINISTRATIVE COMMITTEE HAS DISCRETIONARY AUTHORITY TO GRANT OR DENY BENEFITS
UNDER THIS PLAN. BENEFITS UNDER THE PLAN WILL BE PROVIDED ONLY IF THE
ADMINISTRATIVE COMMITTEE DECIDES, IN ITS SOLE DISCRETION, THAT THE APPLICANT IS
ENTITLED TO THEM;
(C)
TO SELECT THE INVESTMENT FUNDS;
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(D)
TO APPOINT ONE OR MORE INSURANCE COMPANIES;
(E)
TO APPOINT ONE OR MORE INVESTMENT MANAGERS;
(F)
TO ESTABLISH AND CARRY OUT A FUNDING POLICY AND METHOD CONSISTENT
WITH THE OBJECTIVES OF THE PLAN AND THE REQUIREMENTS OF ERISA;
(G)
TO MONITOR THE LIMITS ON CONTRIBUTIONS UNDER ARTICLE III AND TO
TAKE ACTION TO ASSURE THAT SUCH LIMITS ARE SATISFIED FOR EACH PLAN YEAR;
(H)
TO AUTHORIZE DISBURSEMENTS FROM THE TRUST;
(I)
TO PRESCRIBE PROCEDURES TO BE FOLLOWED BY PARTICIPANTS OR
BENEFICIARIES WHO FILE APPLICATIONS FOR BENEFITS;
(J)
TO APPROVE THE DESIGN OF ENROLLMENT FORMS, BENEFICIARY
DESIGNATION FORMS AND ANY OTHER FORMS UTILIZED IN THE ADMINISTRATION OF THE
PLAN;
(K)
TO PREPARE AND DISTRIBUTE, IN SUCH MANNER AS THE ADMINISTRATIVE
COMMITTEE DETERMINES TO BE APPROPRIATE, INFORMATION CONCERNING THE PLAN;
(L)
TO RECEIVE FROM THE EMPLOYER AND FROM PARTICIPANTS SUCH
INFORMATION AS SHALL BE NECESSARY FOR THE PROPER ADMINISTRATION OF THE PLAN;
(M)
TO ESTABLISH SUCH WRITTEN PROCEDURES AS IT SHALL DEEM NECESSARY OR
PROPER TO DETERMINE THE QUALIFIED STATUS, PURSUANT TO CODE SECTION 414(P) OF ANY
DOMESTIC RELATIONS ORDER RECEIVED BY THE ADMINISTRATIVE COMMITTEE WHICH AFFECTS
THE RIGHT OF A PARTICIPANT AND ANY ALTERNATE PAYEE TO PAYMENT OF BENEFITS UNDER
THE PLAN, AND TO ADMINISTER DISTRIBUTIONS PURSUANT TO ANY DOMESTIC RELATIONS
ORDER WHICH THE ADMINISTRATIVE COMMITTEE DETERMINES