Common use of Discretionary Action Clause in Contracts

Discretionary Action. Wherever under the provisions of this Agreement the Committee is given any discretionary power or powers, such power or powers shall not be exercised in such manner as to cause any discrimination in favor of or against any Employee or class of Employees.

Appears in 3 contracts

Sources: Profit Sharing Retirement Plan and Trust Agreement (Freedom Securities Corp /De/), Deferred Savings Plan and Trust Agreement (Freedom Securities Corp /De/), Profit Sharing Retirement Plan and Trust Agreement (Freedom Securities Corp /De/)

Discretionary Action. Wherever under the provisions of this Agreement Plan the Committee is given any discretionary power or powers, such power or powers shall not be exercised in such manner as to cause any discrimination in favor of or against any Employee or class of Employees.

Appears in 1 contract

Sources: Employees' Stock Ownership Plan and Trust Agreement (Massbank Corp)