Common use of Board Authority Clause in Contracts

Board Authority. The Board 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. All actions taken and all interpretations and determinations made by the Board in good faith shall be final and binding upon the Director, the Company and all other interested persons, and shall be given the maximum deference permitted by law. No member of the Board shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement.

Appears in 13 contracts

Samples: Nonqualified Stock Option Agreement, Nonqualified Stock Option Agreement, Nonqualified Stock Option Agreement (Varian Medical Systems Inc)

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Board Authority. The Board 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 therewiththerewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Restricted Stock Units have vested). All actions taken and all interpretations and determinations made by the Board in good faith shall will be final and binding upon the DirectorGrantee, the Company and all other interested persons, and shall be given the maximum deference permitted by law. No member of the Board 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 2 contracts

Samples: Restricted Stock Unit Agreement (Harmonic Inc), Restricted Stock Unit Agreement (Harmonic Inc)

Board Authority. The Board shall have all discretion, power, 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. All actions taken and all interpretations and determinations made by the Board in good faith shall be final and binding upon the Director, the Company and all other interested persons, and shall be given the maximum deference permitted by law. No member of the Board shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement.

Appears in 2 contracts

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

Board Authority. The Board 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 therewiththerewith and to interpret or revoke any such rules. All actions taken and all interpretations and determinations made by the Board in good faith shall be final and binding upon the Director, the Company and all other interested persons, and shall be given the maximum deference permitted by law. No member of the Board shall 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: Standard Discounted Option Agreement (Gap Inc)

Board Authority. The Board 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 therewiththerewith and to interpret or revoke any such rules. All actions taken and all interpretations and determinations made by the Board in good faith shall be final and binding upon the Director, the Company and all other interested persons, and shall be given the maximum deference permitted by law. No member of the Board shall 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: Qualified Stock Option Agreement (Gap Inc)

Board Authority. The Board shall will have all discretion, power, and authority the power to interpret the Plan Plan, the Policy, and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan and the Policy as are consistent therewiththerewith and to interpret or revoke any such rules. All actions taken and all interpretations and determinations made by the Board in good faith shall will be final and binding upon the DirectorGrantee, the Company and all other interested persons, and shall be given the maximum deference permitted by law. No member of the Board shall will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan Plan, the Policy or this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Sunpower Corp)

Board Authority. The Board 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. All actions taken and all interpretations and determinations made by the Board in good faith such connection shall be final and binding upon the Director, the Company and all other interested persons, and shall be given the maximum deference permitted by law. No member of the Board shall 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: Nonqualified Stock Option Agreement (Central Garden & Pet Co)

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Board Authority. The Board 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 this Agreement as are consistent therewith. All actions taken and all interpretations and determinations made by the Board in good faith such connection shall be final and binding upon the Director, the Company and all other interested persons, and shall be given the maximum deference permitted by law. No member of the Board shall 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: Nonqualified Stock Option Agreement (Central Garden & Pet Company)

Board Authority. The Board 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 therewiththerewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any shares subject to the Option have vested). All actions taken and all interpretations and determinations made by the Board in good faith shall be final and binding upon the DirectorOptionee, the Company and all other interested persons, and shall be given the maximum deference permitted by law. No member of the The Board shall not 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 Option Agreement (Fei Co)

Board Authority. The Board 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 therewiththerewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Restricted Stock Units have vested). All actions taken and all interpretations and determinations made by the Board in good faith shall be final and binding upon the DirectorGrantee, the Company and all other interested persons, persons and shall be given the maximum deference permitted by law. No member The Board and any person acting on behalf of the Board shall not 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: Restricted Stock Unit Agreement (Avanex Corp)

Board Authority. The Board 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 therewiththerewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Restricted Share Units have vested). All actions taken and all interpretations and determinations made by the Board in good faith shall will be final and binding upon the DirectorParticipant, the Company and all other interested persons, and shall be given the maximum deference permitted by law. No member of the Board 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: Restricted Share Unit Agreement (Clean Diesel Technologies Inc)

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