Examples of Administrative & Investment Committee in a sentence
The Administrative & Investment Committee shall designate the Participants for whom such contributions are made.
This Plan and the Trust will be binding on all persons entitled to benefits hereunder and their respective heirs and legal representatives, and on the Administrative & Investment Committee, the Trustee and their successors.
The Administrative & Investment Committee shall not adjust installment payments to take into account changes in the life expectancy of a Participant or of his Spouse or Beneficiary.
The Secretary of the Company shall certify to the Trustee from time to time the appointment to (and termination from) office of each member of the Administrative & Investment Committee and the persons, if any, who are selected as secretaries of the Administrative & Investment Committee.
No member of the Administrative & Investment Committee shall receive compensation for his services, but the Employers shall reimburse him for any necessary expenses incurred in the discharge of his duties.
Installments must be payable in substantially equal amounts, provided that the Administrative & Investment Committee may adjust such amounts annually or more frequently to reflect earnings, losses or other adjustments to the Participant’s Accounts.
In the absence of Administrative & Investment Committee action, no accelerated vesting or other special vesting rules shall apply to any Participant in connection with any such sale, except as otherwise required by law.
In addition, no benefits shall be paid to any Spouse or other Beneficiary prior to the completion by the Administrative & Investment Committee of its determination of the status of such Spouse or other Beneficiary as a proper payee with respect to such Participant.
Evidence which is required of anyone under this Plan shall be executed or presented by proper individuals or parties and may be in the form of certificates, affidavits, documents or other information which the Administrative & Investment Committee, the Trustee, the Employer or other persons acting on such evidence consider pertinent and reliable.
In applying the rules of this Section, the Administrative & Investment Committee shall make appropriate adjustments to reflect the proper application of Section 415 of the Code with respect to Plan Years of less than 12 months.