Common use of Plan Updates Clause in Contracts

Plan Updates. The parties agree that innovations in technology and administrative practices 47 can give savings plan participants better access to information about their benefits, increased investment 48 options, timely on-line transaction capability and enhanced administrative features. Accordingly, when 49 the company identifies administrative services that in its estimation reflect industry best practices, the 50 Employee Benefit Plans Committee has discretion to adopt these changes to the Savings Plan. 51 The Company will notify the Union in advance of implementation of any changes adopted by the 52 Employee Benefit Plans Committee. 53

Plan Updates. The parties agree that innovations in technology and administrative 26 practices 47 can give savings plan participants better access to information about their benefits, increased 27 investment 48 options, timely on-line transaction capability and enhanced administrative features. 28 Accordingly, when 49 the company identifies administrative services that in its estimation reflect industry 29 best practices, the 50 Employee Benefit Plans Committee has discretion to adopt these changes to the 30 Savings Plan. 51 The Company will notify the Union in advance of implementation of any changes adopted 31 by the 52 Employee Benefit Plans Committee. 5332 33

Plan Updates. The parties agree that innovations in technology and 28 administrative practices 47 can give savings plan participants better access to information 29 about their benefits, increased investment 48 options, timely on-line transaction capability 30 and enhanced administrative features. Accordingly, when 49 the company identifies 31 administrative services that in its estimation reflect industry best practices, the 50 Employee 32 Benefit Plans Committee has discretion to adopt these changes to the Savings Plan. 51 The 33 Company will notify the Union in advance of implementation of any changes adopted by 34 the 52 Employee Benefit Plans Committee. 5335

Plan Updates. 29 The parties agree that the innovations in technology and administrative practices 47 30 can give savings plan participants better access to information about their 31 benefits, increased investment 48 options, timely on-line transaction transactions 32 capability and enhanced administrative features. Accordingly, when 49 the company 33 Company identifies administrative services that in its estimation reflect 34 industry best practices, the 50 Employee Benefit Plans Committee has 35 discretion to adopt these changes to the Savings Plan. 51 The Company will 36 notify the Union in advance of implementation of any changes adopted by 37 the 52 Employee Benefit Plans Committee. 53.