Common use of Administrator Authority Clause in Contracts

Administrator Authority. The Administrator shall have all discretion, power, and authority to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith (including, but not limited to, the determination of whether or not any SARs have vested). All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon the Employee, the Company and all other interested persons, and will be given the maximum deference permitted by law. No member of the Administrator shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement.

Appears in 7 contracts

Samples: Employment Agreement (Echelon Corp), Stock Appreciation Right Agreement (Echelon Corp), Stock Appreciation Right Agreement (Echelon Corp)

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Administrator Authority. The Administrator shall have all discretion, power, and authority the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any SARs Performance Shares have vested). All actions taken and all interpretations and determinations made by the Administrator in good faith will shall be final and binding upon the EmployeeGrantee, the Company and all other interested persons, and will shall be given the maximum deference permitted by law. No member person acting as or on behalf of the Administrator shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement.

Appears in 4 contracts

Samples: Performance Share Agreement (Palm Inc), Performance Share Agreement (Palm Inc), 2004 Stock Plan Performance Share Agreement (Taleo Corp)

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Administrator Authority. The Administrator shall will have all discretion, power, and authority the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any SARs shares of Stock subject to the SAR have vested). All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon the EmployeeParticipant, the Company and all other interested persons, and will be given the maximum deference permitted by law. No member of the Administrator shall will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement.

Appears in 1 contract

Samples: Stock Appreciation Right Award Agreement (Sarepta Therapeutics, Inc.)

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