Common use of Administration by Board Clause in Contracts

Administration by Board. The Board will administer this Agreement and may construe and interpret the terms hereof. 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 expedient to carry the Agreement into effect and it shall be the sole and final judge of such expediency. 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.

Appears in 22 contracts

Samples: Nonstatutory Stock Option Agreement (Solid Biosciences Inc.), Inducement Stock Option Agreement (Editas Medicine, Inc.), Nonstatutory Stock Option Agreement (Fulcrum Therapeutics, Inc.)

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Administration by Board. The Board will administer this Agreement and may construe and interpret the terms hereof. The Subject to the terms and provisions of the Letter Agreement, 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 expedient to carry the Agreement into effect and it shall be the sole and final judge of such expediency. 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.

Appears in 6 contracts

Samples: Nonstatutory Stock Option Agreement (Sesen Bio, Inc.), Stock Option Agreement (Sesen Bio, Inc.), Stock Option Agreement (Sesen Bio, Inc.)

Administration by Board. The Board will administer this Agreement and may construe and interpret the terms hereof. The Subject to the terms and provisions of the Employment Agreement, 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 expedient to carry the Agreement into effect and it shall be the sole and final judge of such expediency. 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.

Appears in 5 contracts

Samples: Nonstatutory Stock Option Agreement (PTC Therapeutics, Inc.), Restricted Stock Agreement (Avid Technology Inc), Restricted Stock Unit Award Agreement (Avid Technology Inc)

Administration by Board. The Board will administer this Agreement and may construe and interpret the terms hereof. The Board may correct any defect, supply any omission or reconcile any inconsistency in this Agreement in the manner Agreement. All actions and to the extent it shall deem expedient to carry the Agreement into effect and it shall be the sole and final judge of such expediency. No director or person acting pursuant to the authority delegated decisions by the Board with respect to this Agreement shall be liable for made in the Board’s discretion and shall be final and binding on all persons having or claiming any action or determination relating to interest in or under this Agreement made in good faithAgreement.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (MEI Pharma, Inc.), Restricted Stock Unit Award Agreement (Epizyme, Inc.), Restricted Stock Unit Agreement (Infinity Pharmaceuticals, Inc.)

Administration by Board. The Board will administer this Agreement agreement and may construe and interpret the terms hereof. The Subject to the terms and provisions of the Letter Agreement, the Board may correct any defect, supply any omission or reconcile any inconsistency in this Agreement agreement in the manner and to the extent it shall deem expedient to carry the Agreement into effect and it shall be the sole and final judge of such expediency. 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 agreement made in good faith.

Appears in 4 contracts

Samples: Nonstatutory Stock Option Agreement (Karyopharm Therapeutics Inc.), Nonstatutory Stock Option Agreement (Karyopharm Therapeutics Inc.), Nonstatutory Stock Option Agreement (Karyopharm Therapeutics Inc.)

Administration by Board. The Board will administer this Agreement and may construe and interpret the terms hereof. The Subject to the terms and provisions of the Offer Letter, 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 expedient to carry the Agreement into effect and it shall be the sole and final judge of such expediency. 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.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Kala Pharmaceuticals, Inc.), Nonstatutory Stock Option Agreement (Ophthotech Corp.), Nonstatutory Stock Option Agreement (Ophthotech Corp.)

Administration by Board. The Board will administer this Agreement and may construe and interpret the terms hereof. 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 expedient to carry the Agreement into effect and it shall be the sole and final judge of such expediency. No director or person acting pursuant to the authority delegated All decisions by the Board shall be liable for made in the Board’s sole discretion and shall be final and binding on all persons having or claiming any action or determination relating to interest in or under this Agreement made in good faithAgreement.

Appears in 3 contracts

Samples: Stock Option Agreement (MEI Pharma, Inc.), Stock Option Agreement (Infinity Pharmaceuticals, Inc.), Stock Option Agreement (Achillion Pharmaceuticals Inc)

Administration by Board. The Board will administer this Agreement and may construe and interpret the terms hereof. The Subject to the terms and provisions of the Employment Agreement, 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 expedient to carry the Agreement into effect and it shall be the sole and final judge of such expediencyAgreement. 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.

Appears in 2 contracts

Samples: Restricted Share Unit Agreement (Nabriva Therapeutics PLC), Nabriva Therapeutics PLC (Nabriva Therapeutics PLC)

Administration by Board. The Board will administer this Agreement agreement and may construe and interpret the terms hereof. The Subject to the terms and provisions of the Employment Agreement, the Board may correct any defect, supply any omission or reconcile any inconsistency in this Agreement agreement in the manner and to the extent it shall deem expedient to carry the Agreement into effect and it shall be the sole and final judge of such expediency. 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 agreement made in good faith.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Invivo Therapeutics Holdings Corp.)

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Administration by Board. The Board will administer this Agreement and may construe and interpret the terms hereof. The hereof Subject to the terms and provisions of the Offer Letter, 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 expedient to carry the Agreement into effect and it shall be the sole and final judge of such expediency. 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.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Ophthotech Corp.)

Administration by Board. The Board will administer this Agreement and may construe and interpret the terms hereof. The Board may correct any defect, supply any omission or reconcile any inconsistency in this Agreement in the manner Agreement. All actions and to the extent it shall deem expedient to carry the Agreement into effect and it shall be the sole and final judge of such expediency. No director or person acting pursuant to the authority delegated decisions by the Board with respect to this Agreement shall be liable for made in the Board’s discretion and shall be final and binding on all persons having or claiming any action or determination relating to or interest under this Agreement made in good faithAgreement.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Solid Biosciences Inc.)

Administration by Board. The Board will administer this Agreement and may construe and interpret the terms hereof. The hereof Subject to the terms and provisions of the Employment Agreement, 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 expedient to carry the Agreement into effect and it shall be the sole and final judge of such expediency. 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.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Brainstorm Cell Therapeutics Inc.)

Administration by Board. This agreement will be administered by the Board. The Board will administer shall have authority to adopt, amend and repeal such administrative rules, guidelines and practices relating to this Agreement and agreement as it shall deem advisable. The Board may construe and interpret the terms hereofof this agreement. The Board may correct any defect, supply any omission or reconcile any inconsistency in this Agreement agreement in the manner and to the extent it shall deem expedient to carry the Agreement into effect and it shall be the sole and final judge of such expediency. No director or person acting pursuant to the authority delegated All decisions by the Board shall be liable for made in the Board’s sole discretion and shall be final and binding on all persons having or claiming any action or determination relating to interest in or under this Agreement made in good faithagreement.

Appears in 1 contract

Samples: Inducement Stock Option Agreement (Syros Pharmaceuticals, Inc.)

Administration by Board. The Board will administer this Agreement and may construe and interpret the terms hereof. 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 expedient to carry the Agreement into effect and it shall be the sole and final judge of such expediency. 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.. ActiveUS 167782177v.2

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (PTC Therapeutics, Inc.)

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