Common use of Board’s Authority Clause in Contracts

Board’s Authority. (1) The Board has the authority to interpret and construe the provisions of this Agreement, including the attached Separation Agreement. However, with respect to any decision of the Board regarding Executive’s benefits under this Agreement or the attached Separation Agreement (including eligibility for benefits, the calculation of benefits, or the forfeiture of benefits), the burden of proof shall be on the Board and that decision shall be:

Appears in 3 contracts

Samples: Employment Agreement (Riverview Bancorp Inc), Employment Agreement (Riverview Bancorp Inc), Employment Agreement (Riverview Bancorp Inc)

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Board’s Authority. (1) The Board has the authority to interpret and construe the provisions of this Agreement, including the attached Separation Agreement. However, with respect to any decision of the Board regarding Executive’s benefits under this Agreement or the attached Separation Agreement (including eligibility for benefits, the calculation of benefits, benefits or the forfeiture of benefits), the burden of proof shall be on the Board and that decision shall be:

Appears in 1 contract

Samples: Employment Agreement (Riverview Bancorp Inc)

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Board’s Authority. (1) The Board has the authority to interpret and construe the provisions of this Agreement, including the attached Separation Agreement. However, with respect to any decision of the Board regarding Executive’s 's benefits under this Agreement or the attached Separation Agreement (including eligibility for benefits, the calculation of benefits, benefits or the forfeiture of benefits), the burden of proof shall be on the Board and that decision shall be:

Appears in 1 contract

Samples: Employment Agreement (Riverview Bancorp Inc)

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