Common use of Administration by Board of Directors or Committee Clause in Contracts

Administration by Board of Directors or Committee. This Agreement will be administered by the Board of Directors of the Company (the "Board"). The Board shall have authority to adopt, amend and repeal such administrative rules, guidelines and practices relating to this Agreement as it shall deem advisable. The Board may correct any defect, supply any omission or reconcile any inconsistency in this Agreement in the manner and to the extent it shall deem necessary and the Board shall be the sole and final judge of such action. All decisions by the Board shall be made in the Board's sole discretion and shall be final and binding on all persons having or claiming any interest in this Option. No director or person acting pursuant to the authority delegated by the Board shall be liable for any action or determination relating to or under this Agreement made in good faith. To the extent permitted by applicable law, the Board may delegate any or all of its powers under this Agreement to one or more committees or subcommittees of the Board (a "Committee"). All references in this Agreement to the "

Administration by Board of Directors or Committee. This Agreement will be administered by the Board of Directors of the Company (the "“Board"”). The Board shall have authority to adopt, amend and repeal such administrative rules, guidelines and practices relating to this Agreement as it shall deem advisable. The Board may correct any defect, supply any omission or reconcile any inconsistency in this Agreement in the manner and to the extent it shall deem necessary and the Board shall be the sole and final judge of such action. All decisions by the Board shall be made in the Board's ’s sole discretion and shall be final and binding on all persons having or claiming any interest in this Option. No director or person acting pursuant to the authority delegated by the Board shall be liable for any action or determination relating to or under this Agreement made in good faith. To the extent permitted by applicable law, the Board may delegate any or all of its powers under this Agreement to one or more committees or subcommittees of the Board (a "“Committee"”). All references in this Agreement to the "“