Common use of INTERESTED MEMBER Clause in Contracts

INTERESTED MEMBER. No member of the Plan Administration Committee may decide or determine any matter concerning the distribution, nature or method of settlement of his or her own benefits under the Plan, except in exercising an election available to that member in his or her capacity as a Participant.

Appears in 2 contracts

Sources: Fire and Police Money Purchase Pension Plan and Trust Agreement, Pension Plan and Trust Agreement

INTERESTED MEMBER. No member of the Plan Administration Administrative Committee may decide or determine any matter concerning the distribution, nature or method of settlement of his or her own benefits under the Plan, except in exercising an election available to that member in his or her capacity as a Participant.. * * * * * * * * * * * * * * *

Appears in 1 contract

Sources: Employee Stock Ownership Plan and Trust Agreement (Argo Tech Corp)