Named Fiduciary and Administrator. The Association shall name a Committee of the Board of Directors as the Named Fiduciary and Administrator of this Plan. The Committee shall consist of not less than three persons. The Committee shall have the authority to make, amend, interpret and enforce all appropriate rules and regulations for the administration of this Plan, as may arise in connection with the Plan. A majority vote of the Committee members shall control any decision.
Appears in 2 contracts
Sources: Executive Supplemental Benefit Plan (Lake Shore Bancorp, Inc.), Directors Supplemental Benefit Plan (Lake Shore Bancorp, Inc.)