Common use of Powers and Authority of the Board Clause in Contracts

Powers and Authority of the Board. (i) It shall be the function of the Board to exercise ultimate responsibility for determining whether an Employee is eligible for a Regular Benefit under the terms of the Plan, and, if so, the amount of the Regular Benefit. The Board shall be presumed conclusively to have approved any initial determination by the Company unless the determination is appealed as prescribed in section 4.03(b).

Powers and Authority of the Board. (i1) It shall be the function of the Board to exercise ultimate responsibility for determining whether an Employee is eligible for a Regular Benefit or Separation Payment under the terms of the Plan, and, if so, the amount of the Regular BenefitBenefit or Separation Payment. The Board shall be presumed conclusively to have approved any initial determination by the Company unless the determination is appealed as prescribed set forth in section 4.03(b).Section 3(b) of Article V.

Powers and Authority of the Board. (i1) It shall be the function of the Board to exercise ultimate responsibility for determining whether an Employee is eligible for a Regular Benefit or Separation Payment under the terms of the Plan, and, if so, the amount of the Regular Benefitsuch Benefit or Separation Payment. The Board shall be presumed conclusively to have approved any initial determination by the Company unless the determination is appealed as prescribed in section 4.03(b).Section 3(b) of Article V.

Powers and Authority of the Board. (i1) It shall be the function of the Board to exercise ultimate responsibility for determining whether an Employee is eligible for a Regular Benefit or Separation Payment under the terms of the Plan, and, if so, the amount of the Regular Benefitsuch Benefit or Separation Payment. The Board shall be presumed conclusively to have approved ap- proved any initial determination by the Company unless the determination is appealed as prescribed in section 4.03(b).Section 3(b) of Article V.

Powers and Authority of the Board. (i1) It shall be the function of the Board to exercise ultimate responsibility for determining whether an Employee is eligible for a Regular Benefit under the terms of the Plan, and, if so, the amount of the Regular Benefit. The Board shall be presumed conclusively to have approved any initial determination by the Company unless the determination is appealed as prescribed set forth in section 4.03(b)Section 3(b) of Article IV.