Authority of the Board of Managers. All decisions, interpretations and other actions of the Board of Managers and/or any committee designated by the Board of Managers, shall be final and binding on the Grantee and other persons deriving their rights from the Grantee. Without limiting the generality of the foregoing, the Board of Managers and/or any committee designated by the Board of Managers may, in its sole discretion, clarify, construe or resolve any ambiguity in any provision of this Agreement, accelerate vesting, or waive any terms or conditions applicable to any Incentive Units.
Appears in 4 contracts
Samples: Incentive Unit Grant Agreement (STR Holdings (New) LLC), Incentive Unit Grant Agreement (STR Holdings LLC), Incentive Unit Grant Agreement (STR Holdings (New) LLC)
Authority of the Board of Managers. All decisions, interpretations and other actions of the Board of Managers and/or any committee designated by the Board of Managers, shall be final and binding on the Grantee and other persons deriving their rights from the Grantee. Without limiting the generality of the foregoing, the Board of Managers and/or any committee designated by the Board of Managers may, in its sole discretion, clarify, construe or resolve any ambiguity in any provision of this Agreement, accelerate vesting, or waive any terms or conditions applicable to any Incentive Units.
Appears in 2 contracts
Samples: Unit Grant Agreement (STR Holdings, Inc.), Unit Grant Agreement (STR Holdings (New) LLC)
