Common use of Administration by Board of Directors Clause in Contracts

Administration by Board of Directors. This Agreement will be administered by the Board. The Board shall have authority to adopt, amend and repeal such administrative rules, guidelines and practices relating to the Agreement as it shall deem advisable. The Board may construe and interpret the terms of the Agreement. The Board may correct any defect, supply any omission or reconcile any inconsistency in the Agreement in the manner and to the extent it shall deem expedient and it shall be the sole and final judge of such expediency. All decisions by the Board shall be made in the Board’s sole discretion and shall be final and binding on the Participant.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Agios Pharmaceuticals, Inc.), Inducement Performance Stock Unit Agreement (Agios Pharmaceuticals, Inc.), Restricted Stock Unit Agreement (Agios Pharmaceuticals, Inc.)

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