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Subject to the limitations of the terms of the plan, the committee may from time to time establish rules for the performance of its functions and the administration of the plan.

The committee shall have all powers necessary to supervise the administration of the plan and control its operation in accordance with its terms, including, but not by way of limitation, the following powers:

A. To interpret the provisions of the plan and to determine any questions arising under the plan, or in connection with the administration or operation thereof;

B. To determine all considerations affecting the eligibility of any employee to be or become a participant in the plan;

C. To compute the amount of benefit, or other sum, payable under the plan to any person;

D. To authorize and direct all disbursements of benefits and other sums under the plan;

E. To comply with any reporting and disclosure requirements by the federal government or by any state or local government;

F. To establish appropriate procedures to prevent the plan from engaging in prohibited transactions as described in Section 503(b) of the Internal Revenue Code;

G. To assure that the bonding requirements imposed by any state or local government, and those which would be imposed if the plan were subject to Section 412 of the Employee Retirement Income Security Act of 1974, are satisfied;

H. To maintain appropriate records for the carrying out of the operation of the plan;

I. To employ such counsel and agents and to obtain such clerical, legal and other services as it may deem necessary or appropriate in carrying out the provisions of the plan;

J. To direct the trustee in the management and control of plan assets by written notice to the trustee that it has assumed such directional authority in accordance with the trust agreement;

K. To select investment vehicles for plan assets and permit participants to choose from among these vehicles as provided in Section 4.38.408.

Decisions and determinations of the committee not inconsistent with the provisions of the plan shall be binding and conclusive on all interested persons.

In carrying out its duties under the plan, including making benefit determinations, interpreting and construing the terms of the plan, and resolving disputes, the committee shall have absolute discretionary authority. (Ord. 6838-NS § 5 (part), 2005: Ord. 6748-NS § 1, 2003)