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Administrative Committee
Administrative Committee contract clause examples

Administrative Committee” means the Board or the Committee responsible for conducting the general administration of the Plan, as applicable, in accordance with Section 4 hereof.

Administrative Committee” shall mean the Administrative Committee of the Schlumberger Limited Pension Plan.

Administrative Committee. Administrative Committee shall have the meaning ascribed to such term under the Pension Plan.

Administrative Committee. The Plan shall be administered by an Administrative Committee appointed by the Board or, in the absence of such appointment, the entire Board will serve as the Administrative Committee. The Administrative Committee shall have the power to delegate to a subcommittee any of the administrative powers the Administrative Committee is authorized to exercise (and references in this Plan to the Administrative Committee shall thereafter be to such subcommittee), subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. Notwithstanding the foregoing, however, from and after the Public Trading Date, a Committee of the Board shall administer the Plan (and shall be the Administrative Committee) and such Committee shall consist solely of two or more Independent Directors each of whom is both an “outside director,” within the meaning of Section 162(m) of the Code, and a “non-employee director” within the meaning of Rule 16b-3. Within the scope of such authority, the Board or the Committee may (i) delegate to a committee of one or more members of the Board who are not Independent Directors the authority to grant awards under the Plan to eligible persons who are either (A) not then “covered employees,” within the meaning of Section 162(m) of the Code and are not expected to be “covered employees” at the time of recognition of income resulting from such award or (B) not persons with respect to whom the Company wishes to comply with Section 162(m) of the Code and/or (ii) delegate to a committee of one or more members of the Board who are not “non-employee directors,” within the meaning of Rule 16b-3, the authority to grant awards under the Plan to eligible persons who are not then subject to Section 16 of the Exchange Act. The Board may abolish the Administrative Committee at any time and revest in the Board the administration of the Plan. Appointment of Administrative Committee members shall be effective upon acceptance of appointment. Administrative Committee members may resign at any time by delivering written notice to the Board. Vacancies in the Administrative Committee may only be filled by the Board.

Administrative Committee means the administrative committee of the Savings Plan, or such other committee as will be appointed by the Board, which will act on behalf of the Controlling Company to administer the Plan, as provided for in Article VIII.

Administrative Committee

Administrative Committee” shall mean the committee which is initially comprised of an individual or of those individuals who are appointed to serve on the Administrative Committee by the Benefits Committee, as well as any individual who becomes a member of the Administrative Committee pursuant to Section 8.1, until the time that any such individual ceases to be a member of the Administrative Committee pursuant to Section 8.1.

Administrative Committee” shall mean the Administrative Committee of the Schlumberger Limited Pension Plan.

Administrative Committee Discretion. The Administrative Committee will have complete discretion to adopt and revise procedures to be followed in making such Investment Elections. Such procedures may include, but are not limited to, the process of making elections, the permitted frequency of making elections, the incremental size of elections, the deadline for making elections, the effective date of such elections and whether, and the extent to which, to charge any Participant’s Account an administrative fee for making such Investment Elections; provided, no other benefit or payment to a Participant will be increased or decreased in connection with the imposition of, or failure to impose, any fees against the Participant’s Account. Any procedures adopted by the Administrative Committee that are inconsistent with the deadlines or procedures specified in this Section will supersede such provisions of this Section without the necessity of a Plan amendment. Unless otherwise determined by the Administrative Committee, any investment elections in effect with respect to a Participant’s contributions and accounts under the Cash America SERP will be deemed to be such Participant’s initial investment elections under the Plan.

Administrative Committee. The Plan is administered by the Administrative Committee, which is the “administrator” for purposes of Section 3(16)(A) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Baxter has appointed the members of the Administrative Committee to administer the Plan. Members of the Administrative Committee may be Participants in the Plan.

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