Common use of Plan Updates Clause in Contracts

Plan Updates. The parties agree that innovations in technology and administrative practices can give savings plan participants better access to information about their benefits, increased investment options, timely on-line transaction capability and enhanced administrative features. Accordingly, when the company identifies administrative services that in its estimation reflect industry best practices, the Employee Benefit Plans Committee has discretion to adopt these changes to the Savings Plan. The Company will notify the Union in advance of implementation of any changes adopted by the Employee Benefit Plans Committee.

Plan Updates. 2 The parties agree that the innovations in technology and administrative practices 3 can give savings plan participants better access to information about their 4 benefits, increased investment options, timely on-line transaction transactions 5 capability and enhanced administrative features. Accordingly, when the company 6 Company identifies administrative services that in its estimation reflect 7 industry best practices, the Employee Benefit Plans Committee has 8 discretion to adopt these changes to the Savings Plan. The Company will 9 notify the Union in advance of implementation of any changes adopted by 10 the Employee Benefit Plans Committee.

Plan Updates. The parties agree that innovations in technology and administrative 2 practices can give savings plan participants better access to information about their benefits, 3 increased investment options, timely on-line transaction capability and enhanced administrative 4 features. Accordingly, when the company identifies administrative services that in its estimation 5 reflect industry best practices, the Employee Benefit Plans Committee has discretion to adopt these 6 changes to the Savings Plan. The Company will notify the Union in advance of implementation of any 7 changes adopted by the Employee Benefit Plans Committee.

Plan Updates. The parties agree that innovations in technology and administrative practices 15 can give savings plan participants better access to information about their benefits, increased investment 16 options, timely on-line transaction capability and enhanced administrative features. Accordingly, when 17 the company identifies administrative services that in its estimation reflect industry best practices, the 18 Employee Benefit Plans Committee has discretion to adopt these changes to the Savings Plan. The 19 Company will notify the Union in advance of implementation of any changes adopted by the Employee Benefit Plans Committee.Employee