Examples of Benefits Administrative Committee in a sentence
Within 60 days after receipt of a request for an appeal, the Benefits Administrative Committee (or its delegate) shall notify the claimant in writing of its final decision.
Major capital projects, which benefit future as well as current residents, will be financed with revenues as well as other financing sources (e.g. debt financing).Rationale: This policy reflects the view that those who benefit from a capital project should pay for the project.
The term “Committee” means the Company’s Employee Benefits Administrative Committee.
The general administration of the Plan shall be vested in a committee, referred to as the Benefits Administrative Committee.
If the Benefits Administrative Committee (or its delegate) determines that special circumstances require additional time for processing, the Benefits Administrative Committee (or its delegate) may extend such 60 day period, but not by more than an additional 60 days, and shall notify the claimant in writing of such extension.
The complaints allege that the defendants failed to prudently and loyally manage the plans and assets of the plans; imprudently invested in Company common stock; failed to monitor fiduciaries and provide them with accurate information; breached the duty to properly appoint, monitor, and inform the Benefits Administrative Committee; misrepresented and failed to disclose adverse financial information; breached the duty to avoid conflict of interest; and are subject to co-fiduciary liability.
The Employee Benefits Administrative Committee is the Plan administrator.
A Member may change his initial investment directions at any time by submitting a change in investment directions in the form and manner approved by the Benefits Administrative Committee.
Members (other than Life Members) must re-apply for membership annually in accordance with the timeframes and procedures set down by the Club from time to time.
However, this estimate is also small and statistically insignificant.