Common use of Action of the Employer Clause in Contracts

Action of the Employer. Any act authorized, permitted, or required to be taken by the Employer shall be taken by the Board or its designee. All notices, advice, directions, certifications, approvals, and instructions required or authorized to be given by the Employer under the Plan will be in writing and signed by either (i) a majority of the members of the Board, or by any member or members as may be designated by an instrument in writing, signed by all members, as having authority to execute the documents on its behalf, or (ii) a person who becomes authorized to act for the Employer in accordance with the provisions of Section 7.3. Any action taken by the Employer which is authorized, permitted, or required under the Plan and is in accordance with the Fund Sponsors contractual obligations is final and binding on the Employer, and all persons who have or who claim an interest under the Plan, and all third parties dealing with the Employer subject to the provisions of applicable laws.