Common use of Administrative Committee Clause in Contracts

Administrative Committee. The Program shall be administered by a committee composed of the chief executive officer and chief financial officer of OCA and any other officer of OCA appointed to such committee by the chief executive officer of OCA (the "Committee"). The express grant in the Program of any specific power to the Committee shall not be construed as limiting any power or authority of the Committee. Any decision made or action taken by the Committee to administer the Program shall be final and conclusive. No member of the Committee shall be liable for any act done in good faith with respect to the Program or any Participation Agreement. In addition to all other authority vested with the Committee under the Program, the Committee shall have complete authority to: (a) Interpret all provisions of the Program; (b) Prescribe the form of any Participation Agreement; (c) Make amendments to all Participation Agreements; (d) Adopt, amend, and rescind rules for Program administration; and (e) Make all determinations it deems advisable for the administration of the Program.

Appears in 3 contracts

Samples: Conversion Incentive Program (Orthodontic Centers of America Inc /De/), Stock Pool Program (Orthodontic Centers of America Inc /De/), Stockholder Value Program (Orthodontic Centers of America Inc /De/)

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Administrative Committee. The Program shall be administered by a committee composed of the chief executive officer and chief financial officer of OCA and any other officer of OCA appointed to such committee by the chief executive officer of OCA (the "Committee"). The express grant in the Program of any specific power to the Committee shall not be construed as limiting any power or authority of the Committee. Any decision made or action taken by the Committee to administer the Program shall be final and conclusive. No member of the Committee shall be liable for any act done in good faith with respect to the Program or any Participation AgreementAgreement or Award. In addition to all other authority vested with the Committee under the Program, the Committee shall have complete authority to: (a) Interpret all provisions of the Program; (b) Prescribe the form of any Participation Agreement; (c) Make amendments to all Participation Agreements; (d) Adopt, amend, and rescind rules for Program administration; and (e) Make all determinations it deems advisable for the administration of the Program.

Appears in 2 contracts

Samples: Target Stock Program (Orthodontic Centers of America Inc /De/), Doctors Trust Program Agreement (Orthodontic Centers of America Inc /De/)

Administrative Committee. The Program shall be administered by a committee composed of the chief executive officer and chief financial officer of OCA and any other officer of OCA appointed to such committee by the chief executive officer of OCA (the "Committee"" ). The express grant in the Program of any specific power to the Committee shall not be construed as limiting any power or authority of the Committee. Any decision made or action taken by the Committee to administer the Program shall be final and conclusive. No member of the Committee shall be liable for any act done in good faith with respect to the Program or any Participation Agreement. In addition to all other authority vested with the Committee under the Program, the Committee shall have complete authority to: (a) Interpret all provisions of the Program; (b) Prescribe the form of any Participation Agreement; (c) Make amendments to all Participation Agreements; (d) Adopt, amend, and rescind rules for Program administration; and (e) Make all determinations it deems advisable for the administration of the Program.

Appears in 1 contract

Samples: Stockholder Bonus Program (Orthodontic Centers of America Inc /De/)

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Administrative Committee. The Program shall be administered by a committee composed of the chief executive officer and chief financial officer of OCA and any other officer of OCA appointed to such committee by the chief executive officer of OCA (the "" Committee"). The express grant in the Program of any specific power to the Committee shall not be construed as limiting any power or authority of the Committee. Any decision made or action taken by the Committee to administer the Program shall be final and conclusive. No member of the Committee shall be liable for any act done in good faith with respect to the Program or any Participation Agreement. In addition to all other authority vested with the Committee under the Program, the Committee shall have complete authority to: (a) Interpret all provisions of the Program; (b) Prescribe the form of any Participation Agreement; (c) Make amendments to all Participation Agreements; (d) Adopt, amend, and rescind rules for Program administration; and (e) Make all determinations it deems advisable for the administration of the Program.

Appears in 1 contract

Samples: High Participation Bonus Program (Orthodontic Centers of America Inc /De/)

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