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Common use of Plan Interpretation Clause in Contracts

Plan Interpretation. The Administrator may construe the Plan, correct defects, supply omissions or reconcile inconsistencies to the extent necessary to effectuate the Plan and such action shall be conclusive.

Appears in 2 contracts

Sources: Supplemental Executive Retirement Agreement (Mainstreet Bankshares Inc), Supplemental Executive Retirement Agreement (Mainstreet Bankshares Inc)

Related Clauses

  • 2Interpretation
  • Interpretation, etc
  • Plan and Plan Interpretations as Controlling
  • Integration; Interpretation
  • Interpretation of Contract

Parent Clauses

  • Suspension of Coverage
  • Administration of the Plan
  • Role and Responsibilities of Sponsor
  • Municipal Comprehensive Plans, Subdivision, Land Development and Ordinances of Regional Impact
  • Policy or Regulatory Changes of Regional Impact

Sub-Clauses

  • Binding Effect
  • Amendment or Termination of the Plan
  • Titles and Captions
  • Gender and Number
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