Common use of Interpretation and Implementation Clause in Contracts

Interpretation and Implementation. The Administrative Committee shall have exclusive and final authority and sole and absolute discretion with respect to (a) the interpretation and implementation of the terms and provisions of this Plan, (b) exercising any of its powers or duties under this Plan and (c) the adoption or amendment of such procedures or practices as it deems necessary, helpful or appropriate, for purposes of administering this Plan.

Appears in 2 contracts

Sources: Quarterly Report, Quarterly Report