Common use of Action by the Committee Clause in Contracts

Action by the Committee. The parties agree that the interpretation of this agreement shall rest exclusively and completely within the good faith province and discretion of the Committee. The parties agree to be bound by the decisions of the Committee with regard to the interpretation of this agreement and with regard to any and all matters set forth in this agreement. The Committee may delegate its functions under this agreement to an officer of the Cardinal Group designated by the Committee (hereinafter the "designee"). In fulfilling its responsibilities hereunder, the Committee or its designee may rely upon documents, written statements of the parties, or such other material as the Committee or its designee deems appropriate. The parties agree that there is no right to be heard or to appear before the Committee or its designee and that any decision of the Committee or its designee relating to this agreement, including, without limitation, whether particular conduct constitutes a violation of the covenants, obligations and restrictions of Grantee set forth in paragraphs 5 through 7 and, if applicable, paragraph 11 above, shall be final and binding unless such decision is arbitrary and capricious.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Cardinal Health Inc), Nonqualified Stock Option Agreement (Cardinal Health Inc)

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Action by the Committee. The parties agree that the interpretation of this agreement Agreement shall rest exclusively and completely within the good faith province and sole discretion of the Committee. The parties agree to be bound by the decisions of the Committee with regard to the interpretation of this agreement Agreement and with regard to any and all matters set forth in this agreementAgreement. The Committee may delegate its functions under this agreement Agreement to an officer of the Cardinal Group designated by the Committee (hereinafter the "designeeDesignee"). In fulfilling its responsibilities hereunder, the Committee or its designee Designee may rely upon documents, written statements of the parties, parties or such other material as the Committee or its designee Designee deems appropriate. The parties agree that there is no right to be heard or to appear before the Committee or its designee Designee and that any decision of the Committee or its designee Designee relating to this agreementAgreement, including, without limitation, whether particular conduct constitutes a violation of the covenants, obligations and restrictions of Grantee set forth in paragraphs Paragraphs 5 through 7 and, if applicable, paragraph Paragraph 11 above, shall be final and binding unless such decision is arbitrary and capricious.

Appears in 2 contracts

Samples: Restricted Share Units Agreement (Cardinal Health Inc), Restricted Share Units Agreement (Cardinal Health Inc)

Action by the Committee. The parties agree that the interpretation of this agreement shall rest exclusively and completely within the good faith province and discretion of the Committee. The parties agree to be bound by the decisions of the Committee with regard to the interpretation of this agreement and with regard to any and all matters set forth in this agreement. The Committee may delegate its functions under this agreement to an officer of the Cardinal Group designated by the Committee (hereinafter the "designee"). In fulfilling its responsibilities hereunder, the Committee or its designee may rely upon documents, written statements of the parties, or such other material as the Committee or its designee deems appropriate. The parties agree that there is no right to be heard or to appear before the Committee or its designee and that any decision of the Committee or its designee relating to this agreement, including, including without limitation, limitation whether particular conduct constitutes a violation of the covenants, obligations and restrictions of Grantee set forth in paragraphs 5 through 7 and, if applicable, paragraph 11 aboveTriggering Conduct or Competitor Triggering Conduct, shall be final and binding unless such decision is arbitrary and capricious.. CARDINAL HEALTH, INC. DATE OF GRANT: By: _____________________________________

Appears in 1 contract

Samples: Directors' Stock Option Agreement (Cardinal Health Inc)

Action by the Committee. The parties agree that the interpretation of this agreement shall rest exclusively and completely within the good faith province and discretion of the Committee. The parties agree to be bound by the decisions of the Committee with regard to the interpretation of this agreement and with regard to any and all matters set forth in this agreement. The Committee may delegate its functions under this agreement to an officer of the Cardinal Group designated by the Committee (hereinafter the "β€œdesignee"”). In fulfilling its responsibilities hereunder, the Committee or its designee may rely upon documents, written statements of the parties, or such other material as the Committee or its designee deems appropriate. The parties agree that there is no right to be heard or to appear before the Committee or its designee and that any decision of the Committee or its designee relating to this agreement, including, including without limitation, limitation whether particular conduct constitutes a violation of the covenants, obligations and restrictions of Grantee set forth in paragraphs 5 through 7 and, if applicable, paragraph 11 above, above shall be final and binding unless such decision is arbitrary and capricious.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Cardinal Health Inc)

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Action by the Committee. The parties agree that the interpretation of this agreement shall rest exclusively and completely within the good faith province and discretion of the Committee. The parties agree to be bound by the decisions of the Committee with regard to the interpretation of this agreement and with regard to any and all matters set forth in this agreement. The Committee may delegate its functions under this agreement to an officer of the Cardinal Group designated by the Committee (hereinafter the "designee"). In fulfilling its responsibilities hereunder, the Committee or its designee may rely upon documents, written statements of the parties, or such other material as the Committee or its designee deems appropriate. The parties agree that there is no right to be heard or to appear before the Committee or its designee and that any decision of the Committee or its designee relating to this agreement, including, including without limitation, limitation whether particular conduct constitutes a violation of the covenants, obligations and restrictions of Grantee set forth in paragraphs 5 through 7 and, if applicable, paragraph 11 aboveTriggering Conduct or Competitor Triggering Conduct, shall be final and binding unless such decision is arbitrary and capricious.. CARDINAL HEALTH, INC. DATE OF GRANT: By: _________________________________

Appears in 1 contract

Samples: Directors' Stock Option Agreement (Cardinal Health Inc)

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