Common use of Membership of Committee Clause in Contracts

Membership of Committee. A Committee may be designated by Employer, consisting of at least three individuals appointed by Employer to serve at its pleasure, but unless Employer determines otherwise, Employer’s existing “Investment Committee”, which monitors the investments of Employer’s qualified retirement plans, will serve as the Committee hereunder. The Committee shall be responsible for the general administration and interpretation of the Plan and for carrying out its provisions, except to the extent all or any of such obligations are specifically imposed on the Board.