Common use of Board Interpretation Clause in Contracts

Board Interpretation. The Optionee hereby agrees to accept as binding, conclusive, and final all decisions and interpretations of the Board of Directors of the Corporation and, where applicable, the Compensation and Personnel Committee of the Board of Directors (the “Committee”) concerning any questions arising under this Agreement or the Plan.

Appears in 6 contracts

Samples: Stock Option Agreement (SLM Corp), Stock Option Agreement (SLM Corp), Stock Option Agreement (SLM Corp)

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Board Interpretation. The Optionee hereby agrees to accept as binding, conclusive, and final all decisions and interpretations of the Board of Directors of the Corporation and, where applicable, the Compensation and Personnel Committee of the Board of Directors (the “Committee”) concerning any questions arising under this Agreement or the NewCo Plan.

Appears in 3 contracts

Samples: Stock Option Agreement (Navient Corp), Stock Option Agreement (Navient Corp), Stock Option Agreement (Navient Corp)

Board Interpretation. The Optionee hereby agrees to accept as binding, conclusive, and final all decisions and interpretations of the Board of Directors of the Corporation and, where applicable, the Compensation and Personnel Committee of the Board of Directors (the "Committee") concerning any questions arising under this Agreement or the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (SLM Corp), Stock Option Agreement (SLM Corp)

Board Interpretation. The Optionee hereby agrees to accept as binding, conclusive, and final all decisions and interpretations of the Board of Directors of the Corporation and, where applicable, the Compensation and Personnel Committee of the Board of Directors (the “Committee”) , concerning any questions arising under this Agreement or the Plan.

Appears in 1 contract

Samples: Independent Director Stock Option Agreement (SLM Corp)

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Board Interpretation. The Optionee Executive hereby agrees to accept as binding, conclusive, and final all decisions and interpretations of the Board of Directors of the Corporation Company and, where applicable, the Compensation and Personnel Committee of the Board of Directors (the "Committee") concerning any questions arising under this Agreement or the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (SLM Corp)

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