Common use of Board Administration Clause in Contracts

Board Administration. The Board of Directors or any successor or committee authorized by the Board of Directors, subject to the express terms of this option, shall have plenary authority to interpret any provision of this option and to make any determinations necessary or advisable for the administration of this option and the exercise of the rights herein granted, and may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to Optionee by the express terms hereof.

Appears in 8 contracts

Samples: Nonqualified Stock Option Agreement (Travelzoo Inc), Nonqualified Stock Option Agreement (Travelzoo Inc), Nonqualified Stock Option Agreement (Travelzoo Inc)

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Board Administration. The Board of Directors Directors, the Compensation Committee, or any successor or committee authorized by the Board of Directors, subject to the express terms of this option, shall have plenary authority to interpret any provision of this option and to make any determinations necessary or advisable for the administration of this option and the exercise of the rights herein granted, and may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to Optionee by the express terms hereof.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Travelzoo), Nonqualified Stock Option Agreement (Travelzoo), Non Qualified Stock Option Agreement (Travelzoo)

Board Administration. The Board of Directors Board, the Committee, or any successor or other committee authorized by the Board of DirectorsBoard, subject to the express terms of this option, shall have plenary authority to interpret any provision of this option and to make any determinations necessary or advisable for the administration of this option and the exercise of the rights herein granted, and may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to Optionee by the express terms hereof.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Travelzoo), Non Qualified Stock Option Agreement (Travelzoo), Non Qualified Stock Option Agreement (Travelzoo)

Board Administration. The Board of Directors Directors, its Compensation Committee, or any successor or committee authorized by the Board of Directors, subject to the express terms of this option, shall have plenary authority to interpret any provision of this option and to make any determinations necessary or advisable for the administration of this option and the exercise of the rights herein granted, and may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to Optionee by the express terms hereof.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Travelzoo)

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Board Administration. The Board of Directors or Directors, the Compensation Committee, any successor or any other committee authorized by the Board of Directors, subject to the express terms of this option, shall have plenary authority to interpret any provision of this option and to make any determinations necessary or advisable for the administration of this option and the exercise of the rights herein granted, and may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to Optionee by the express terms hereof.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Travelzoo)

Board Administration. The Company’s Board of Directors Directors, or any successor or committee authorized by the Board of Directors, subject to the express terms of this option, shall have plenary authority to interpret any provision of this option and to make any determinations necessary or advisable for the administration of this option and the exercise of the rights herein granted, and may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to Optionee by the express terms hereof.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Travelzoo)

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