Subject to the limitations of the plan, the board from time to time shall establish rules for the administration of the plan and the transaction of its business. The board shall have discretionary authority to interpret the plan and to make factual determinations including, but not limited to, determination of an individual’s eligibility for plan participation, the right and amount of any benefit payable under the plan, and the date on which any individual ceases to be a member. The determination of the board as to the interpretation of the plan or any disputed question shall be conclusive and final to the extent permitted by applicable law.
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