Common use of Board Authority Clause in Contracts

Board Authority. Any question concerning the interpretation of this Agreement, any adjustments required to be made under Paragraph 12 and any controversy which may arise under this Agreement shall be determined by the Board of Directors in its sole discretion.

Appears in 5 contracts

Samples: Nonstatutory Inducement Stock Option Agreement (U S Physical Therapy Inc /Nv), Nonstatutory Stock Option Agreement (U S Physical Therapy Inc /Nv), Nonstatutory Inducement Stock Option Agreement (U S Physical Therapy Inc /Nv)

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Board Authority. Any question concerning the interpretation of this Agreement, any adjustments required to be made under Paragraph 12 Paragraph12 and any controversy which may arise under this Agreement shall be determined by the Board of Directors in its sole discretion.

Appears in 3 contracts

Samples: Nonstatutory Stock Option Agreement (U S Physical Therapy Inc /Nv), Nonstatutory Stock Option Agreement (U S Physical Therapy Inc /Nv), Nonstatutory Inducement Stock Option Agreement (U S Physical Therapy Inc /Nv)

Board Authority. Any question concerning the interpretation of this Agreement, any adjustments required to be made under Paragraph 12 7 of this Agreement, and any controversy which may arise under this Agreement shall be determined by the Board of Directors of the Bank in its sole discretion.

Appears in 2 contracts

Samples: Stock Option Agreement (Grandsouth Bancorporation), Stock Option Agreement (Grandsouth Bancorporation)

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Board Authority. Any question concerning the interpretation of this Agreement, any adjustments required to be made under Paragraph 12 7 of this Agreement, and any controversy which may arise under this Agreement shall be determined by the Board of Directors of the Company in its sole discretion.

Appears in 1 contract

Samples: Stock Option Agreement (Southcoast Financial Corp)

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