Plan Administration. (a) The Committee shall be responsible for the general administration and interpretation of the Plan and for carrying out its provisions. Subject to the requirements for qualifying compensation as Performance-Based Compensation, the Committee may delegate specific administrative tasks to Company employees or others as appropriate for proper administration of the Plan. Subject to the limitations on Committee discretion imposed under Section 162(m) of the Code, the Committee shall have such powers
... as may be necessary to discharge its duties hereunder, including, but not by way of limitation, the following powers and duties, but subject to the terms of the Plan: (i) discretionary authority to construe and interpret the terms of the Plan, and to determine eligibility, Awards and the amount, manner and time of payment of any Awards hereunder; (ii) to prescribe forms and procedures for purposes of Plan participation and distribution of Awards; and (iii) to adopt rules, regulations and bylaws and to take such actions as it deems necessary or desirable for the proper administration of the Plan. (b) Any rule or decision by the Committee that is not inconsistent with the provisions of the Plan shall be conclusive and binding on all persons, and shall be given the maximum deference permitted by law.
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Plan Administration.
(a) The (a)The Committee shall be responsible for the general administration and interpretation of
the this Plan and for carrying out its
provisions. Subject to provisions, including the
requirements for qualifying compensation as Performance-Based Compensation, the Committee may delegate specific administrative tasks to Company employees or others as appropriate for proper administration of the Plan. Subject to the limitations on Committee discretion imposed under Section 162(m) of the Code, th...e Committee shall have such powers as may be necessary to discharge its duties hereunder, including, but not by way of limitation, the following powers and duties, but subject to the terms of the Plan: (i) discretionary authority to construe and interpret the terms of this Plan, determine the Plan, and to determine eligibility, Awards and the amount, manner and time of payment of any Awards hereunder; (ii) to Bonuses, prescribe forms and procedures for purposes of Plan participation and distribution of Awards; Bonuses and (iii) to adopt rules, regulations and bylaws and to take such actions as it deems necessary or desirable for the proper administration of this Plan. The Committee, in its sole discretion and on such terms and conditions as it may provide, may delegate all or part of its authority and powers under the Plan. (b) Any Plan to one or more directors and/or officers of the Company for administrative purposes. 2 (b)Any rule or decision by the Committee or its delegate(s) that is not inconsistent with the provisions of the this Plan shall be conclusive and binding on all persons, and shall be given the maximum deference permitted by law.
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Plan Administration.
(a) The (a)The Committee shall be responsible for the
general administration and interpretation of the Plan and for carrying out its provisions. Subject to the requirements for qualifying compensation as
Performance-Based Compensation, the Committee may delegate specific administrative tasks to Company employees or others as appropriate for proper administration of the Plan. PerformanceBased Compensation. Subject to the limitations on Committee discretion imposed under
Code Section
162(m) of th...e Code, 162(m), the Committee shall have such powers as may be necessary to discharge its duties hereunder, including, but not by way hereunder. The Committee shall be responsible for the general administration and interpretation of limitation, this Plan and for carrying out its provisions, including the following powers and duties, but subject to the terms of the Plan: (i) discretionary authority to construe and interpret the terms of this Plan, determine the Plan, and to determine eligibility, Awards and the amount, manner and time of payment of any Awards hereunder; (ii) to Bonuses, prescribe forms and procedures for purposes of Plan participation and distribution of Awards; Bonuses and (iii) to adopt rules, regulations and bylaws and to take such actions as it deems necessary or desirable for the proper administration of this Plan. The Committee, in its sole discretion and on such terms and conditions as it may provide, may delegate all or part of its authority and powers under the Plan. (b) Any Plan to one or more directors and/or officers of the Company; provided, however, that the Committee may not delegate its authority and/or powers with respect to awards that are intended to qualify as performance-based compensation under Section 162(m) of the Code. (b)Any rule or decision by the Committee or its delegate(s) that is not inconsistent with the provisions of the this Plan shall be conclusive and binding on all persons, and shall be given the maximum deference permitted by law.
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Plan Administration. (a) The Committee shall be responsible for the
general administration and interpretation of the Plan and for carrying out its provisions. Subject to the requirements for qualifying compensation as Performance-Based
Compensation, the Committee may delegate specific administrative tasks to Company employees or others as appropriate for proper administration of the Plan. Compensation. Subject to the limitations on Committee discretion imposed under
Code Section
162(m) of the Code, 162(m), including... limits on discretionary bonus increases, the Committee shall have such powers as may be necessary to discharge its duties hereunder, including, but not by way hereunder. The Committee shall be responsible for the general administration and interpretation of limitation, this Plan and for carrying out its provisions, including the following powers and duties, but subject to the terms of the Plan: (i) discretionary authority to construe and interpret the terms of this Plan, determine the Plan, and to determine eligibility, Awards and the amount, manner and time of payment of any Awards hereunder; (ii) to Bonuses, prescribe forms and procedures for purposes of Plan participation and distribution of Awards; Bonuses and (iii) to adopt rules, regulations and bylaws and to take such actions action as it deems necessary or desirable for the proper administration of the this Plan. The Committee may delegate its administrative tasks to Harris Teeter Supermarkets, Inc. employees or others as appropriate for proper administration of this Plan. (b) Any rule or decision by the Committee or its delegate(s) that is not inconsistent with the provisions of the this Plan shall be conclusive and binding on all persons, and shall be given the maximum deference permitted by law.
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Plan Administration. (a) The Committee shall be responsible for the general administration and interpretation of the Plan and for carrying out its provisions. Subject to the
requirements for qualifying compensation as Performance-Based Compensation, terms of the Plan and the limitations imposed on the Committee under Code Section 162(m), (i) the Committee may delegate specific administrative tasks to Company employees or others as appropriate for proper administration
-2- of the
Plan. Subject to the limitations on C...ommittee discretion imposed under Section 162(m) of the Code, Plan and (ii) the Committee shall have such powers as may be necessary to discharge its duties hereunder, including, but not by way of limitation, the following powers and duties, but subject to the terms of the Plan: duties: (i) discretionary authority to construe and interpret the terms of the Plan, and to determine eligibility, Awards and the amount, manner and time of payment of any Awards hereunder; (ii) to determine whether an Award will be a Qualified Performance-Based Award or a Non-Qualified Award (provided, however, that (x) such determination shall be made in writing on or prior to the Determination Date and (y) neither the grant nor the payment of any Non-Qualified Award shall be made contingent on the failure to earn any Qualified Performance-Based Award); (iii) to prescribe forms and procedures for purposes of Plan participation and distribution of Awards; and (iii) (iv) to adopt rules, regulations and bylaws and to take such actions as it deems necessary or desirable for the proper administration of the Plan. (b) Any rule or decision by the Committee that is not inconsistent with the provisions of the Plan shall be conclusive and binding on all persons, and shall be given the maximum deference permitted by law.
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