|JONES LANG LASALLE INC filed this Form S-1/A on 07/11/1997|
Administration and Interpretation
The administrator shall administer and interpret the program, and any
interpretation by the administrator shall be final and binding upon participants
and beneficiaries. The administrator may adopt such rules and regulations
relating to the program as it deems necessary or advisable. The administrator
may delegate administrative responsibilities to advisors or other persons who
may or may not be employees of the company and may rely upon information or
opinions of legal counsel or experts selected to render advice with respect to
the program. If the administrator is a participant, he may not decide or
determine any matter or question concerning his benefits under the program that
he would not have the right to decide or determine if he were not the
administrator. If the administrator is a committee, the committee will act in
accordance with subsection 8.13.
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