Administration Contract Clauses (4,938)

Administration. 3.1 Committee Members. 3.2 Committee Authority. 3.3 Delegation of Authority.

Administration. The Committee, from time to time, may also appoint such individuals to act as the Committee's representatives as the Committee considers necessary or desirable for the effective administration of the Plan. 10.2 The Committee, from time to time, may adopt such rules and regulations as may be necessary or desirable for the proper and efficient administration of the Plan and as are consistent with the terms of the Plan. 10.3 In administering the Plan, the Committee (and its appointed representative...) shall have the sole and absolute discretionary authority to construe and interpret the provisions of the Plan (and any related or underlying documents or policies), to interpret applicable law, and make factual determinations thereunder, including the authority to determine the eligibility of employees and the amount of benefits payable under the Plan. Any interpretation of this Plan and any decision on any matter within the discretion of the Committee made by the Committee in good faith is binding on all persons. Notwithstanding the discretion granted to the Committee, if the Committee's decision is challenged in a legal proceeding, the Committee's interpretations and determinations will be reviewed under a preponderance of the evidence standard. 10.4 The Committee (or its designated delegate) keeps records of this Plan and is responsible for the administration of this Plan. 10.5 If, due to errors in drafting, any Plan provision does not accurately reflect its intended meaning, as demonstrated by consistent interpretations or other evidence of intent, or as determined by the Committee in its sole and absolute discretion, the provision shall be considered ambiguous and shall be interpreted by the Committee in a fashion consistent with its intent, as determined in the sole and absolute discretion of the Committee. 10.6 This Section may not be invoked by any employee, the Participant or other person to require this Plan to be interpreted in a manner inconsistent with its interpretation by the Committee. 10.7 The Company will pay all costs of administration, except as provided with respect to disputes below. View More

Administration. 3.1Authority of Committee. 3.2Committee Decisions Final. 3.3Delegation. 3.4Indemnification.

Administration. The Plan shall be administered by the Compensation, Nominating & Governance Committee of the Company's Board of Directors ("Plan Administrator"), which shall have the discretionary authority to interpret and administer the Plan, including all terms defined herein, and to adopt rules and regulations to implement the Plan, as it deems necessary. In addition, the Plan Administrator hereby delegates to the Company's CFO and the VP of People (such individuals, the "Executive Administrators" and toget...her with the Plan Administrator, the "Administrators") the day-to-day implementation and interpretation of the Plan, including the approval of individual payouts under the Plan to employees other than to its "executive officers" (as determined by the Company's Board of Directors ("Board") for purposes of Section 16 under the Securities Exchange Act of 1934). Notwithstanding the foregoing, the approval of the Plan Administrator or the Board shall be required for the approval of the Plan itself, any early termination and material amendments to the Plan; determination of the Company Performance Percentage (as defined below) under the Plan; approval of the aggregate payout under the Plan; and approval of individual payouts under the Plan to Meta's executive officers. Any action that requires the approval of the Executive Administrators must be jointly approved by both the Company's CFO and the VP of People, and any action that requires the approval of the Executive Administrators may instead also be approved by the Plan Administrator or the Board. The decisions of the Administrators are final and binding. View More

Administration. All questions of interpretation concerning the Option shall be determined by the Committee and shall be final and binding upon all persons having an interest in the Option.

Administration. 10.2The Administrator, from time to time, may adopt such rules and regulations as may be necessary or desirable for the proper and efficient administration of the Plan and as are consistent with the terms of the Plan. 10.3In administering the Plan, the Administrator (and its delegate) shall have the sole and absolute discretionary authority to construe and interpret the provisions of the Plan (and any related or underlying documents or policies), to interpret applicable law, and make factual det...erminations thereunder, including the authority to determine the eligibility of employees and the amount of benefits payable under the Plan. 10.4The Administrator keeps records of this Plan and is responsible for the administration of this Plan. 10.5If, due to errors in drafting, any Plan provision does not accurately reflect its intended meaning, as demonstrated by consistent interpretations or other evidence of intent, or as determined by the Administrator in its sole and absolute discretion, the provision shall be considered ambiguous and shall be interpreted by the Administrator in a fashion consistent with its intent, as determined in the sole and absolute discretion of the Administrator. 10.6This Section may not be invoked by any Employee, Participant or other person to require this Plan to be interpreted in a manner inconsistent with its interpretation by the Administrator. 10.7The Administrator will apply uniform rules to all similarly situated Participants. 10.8The Company will pay all costs of administration, except as provided with respect to disputes below. View More

Administration. (a) In the event of any conflict or inconsistency between another document and the terms of the Plan, the terms and conditions of the Plan shall govern and control; provided, however, that a Participant's Participation Agreement will govern their participation in the Plan to the extent of any conflict between a Participation Agreement and the Plan. (b) The Plan shall be administered by the Committee in its sole and absolute discretion, and all determinations by the Committee shall be final, bind...ing and conclusive on all parties and be given the maximum possible deference allowed by law. (c) The Committee shall have the authority, consistent with the terms of the Plan, to (i) designate Participants, (ii) determine the terms and conditions relating to the Severance Benefit, if any, (iii) interpret, administer, reconcile any inconsistency, correct any defect and/or supply any omission in the Plan, (iv) establish, amend, suspend or waive any rules and procedures with respect to the Plan, and (v) make any other determination and take any other action that the Committee deems necessary or desirable for administration of the Plan, including, without limitation, the timing and amount of payments. The Committee may delegate to one or more of the officers of the Company the authority to act on behalf of the Committee. View More

Administration. The Plan shall be administered by the Board or a committee of members of the Board appointed by the Board. The Board or its committee shall have full and exclusive discretionary authority to construe, interpret and apply the terms of the Plan, prescribe, amend, and rescind rules relating to the Plan's administration, determine eligibility, adjudicate all disputed claims filed under the Plan, and take any other actions necessary or desirable for the administration of the Plan The Board or its com...mittee may correct any defect or supply any omission or reconcile any inconsistency or ambiguity in the Plan. Every finding, decision and determination made by the Board or its committee shall, to the full extent permitted by law, be final and binding upon all parties. View More

Administration. The Plan shall be administered by the Committee. The Committee shall have the sole discretion and authority to: i. administer and interpret the Plan; ii. determine which employees of the Company Group will be eligible to participate in the Plan in any given fiscal year; iii. prescribe the terms and conditions of any awards granted under the Plan; iv. determine the achievement of the performance goals, the Bonus Pool funding level, and actual annual incentive bonus awards; v. adopt rules and guid...elines for the administration of the Plan that are consistent with the Plan; and vi. interpret, amend or revoke any such rules and guidelines. With respect to Plan matters not affecting the officers of the Company, the Committee may delegate its administrative powers to any one or more of the officers of the Company. The decisions of the Committee (or its delegate, as applicable) shall in every case be final, binding and conclusive on all persons having an interest in the Plan. View More

Administration. (a) Administration and Discretionary Authority. The Company shall administer the Plan and awards under the Plan. Except with respect to Participants that are officers of the Company, as determined pursuant to Rule 16a-1(f) under the Securities and Exchange Act of 1934, as amended (collectively, the "Executive Officers"), the Chief Human Capital Officer of the Company shall have the full and final discretionary authority and responsibility to interpret and construe the Plan and the Agreements, to... adopt and revise rules and policies relating to the Plan and to make any other determinations necessary or advisable for the administration of the Plan and awards under the Plan; the Committee shall have such authority and responsibility with respect to any action affecting Executive Officers. The interpretations and determinations of the Chief Human Capital Officer (or, the Committee in the case of an interpretation or determination affecting an Executive Officer) shall be binding on all persons, including Participants. By receiving Restricted Fund Shares, the Employee is agreeing that the interpretations and determinations of the Chief Human Capital Officer (or, the Committee, as applicable) be given deference in all courts to the greatest extent allowed under law, and that they not be overturned or set aside by any court unless found to be arbitrary and capricious, or made in bad faith. (b) Correction of Errors. Errors may occur in the administration and operation of the Plan, and the Company reserves the power to cause such equitable adjustments to be made to correct for such errors as it considers appropriate. Such adjustments will be final and binding on all persons. View More