Common use of Committee Administration Clause in Contracts

Committee Administration. This option has been granted pursuant to a determination made by the Committee, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itself, 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 39 contracts

Samples: Incentive Stock Option Agreement (Stereotaxis, Inc.), Incentive Stock Option Agreement (Stereotaxis, Inc.), Incentive Stock Option Agreement (Stereotaxis, Inc.)

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Committee Administration. This option has been granted pursuant to a determination made by the Committee, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itselfBoard, 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 6 contracts

Samples: Employment Agreement (Valley National Gases Inc), Employment Agreement (Valley National Gases Inc), Employment Agreement (Valley National Gases Inc)

Committee Administration. This option has been granted pursuant to a determination made by the CommitteeCommittee or the Board of Directors, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itself, 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: Employment Agreement (JPS Packaging Co), Employment Agreement (JPS Packaging Co), Incentive Stock Option Agreement (Sealright Company Inc)

Committee Administration. This option The Option has been granted pursuant to a determination made by the Committee, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itself, subject to the express terms of the Plan and this optionAgreement, shall have plenary authority to interpret any provision of this option the Option and to make any determinations necessary or advisable for the administration of this option the 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 2 contracts

Samples: Incentive Stock Option Agreement (Endostim, Inc.), Incentive Stock Option Agreement (Endostim, Inc.)

Committee Administration. This option has been granted pursuant to a determination made by the Committee, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itself, 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 2 contracts

Samples: Nonqualified Stock Option Agreement (Stereotaxis, Inc.), Nonqualified Stock Option Agreement (Stereotaxis, Inc.)

Committee Administration. This option The Option has been granted pursuant to a determination made by the Committee, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itself, subject to the express terms of this option, shall have plenary authority to interpret any provision of this option the Option and to make any determinations necessary or advisable for the administration of this option the 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: Incentive Stock Option Agreement (Orchids Paper Products CO /DE)

Committee Administration. This option has been granted pursuant to a determination made by the Committee, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itselfDirectors, subject to the express terms of this optionAgreement, shall have plenary authority to interpret any provision of this option Agreement and to make any determinations necessary or advisable for the administration of this option Agreement and the exercise of the rights herein granted, and may waive or amend any provisions hereof of this Agreement in any manner not adversely affecting the rights granted to Optionee by the express terms hereofof this Agreement.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Allied Healthcare Products Inc)

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Committee Administration. This option has been 6 granted pursuant to a determination made by the Committee, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itself, 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: Incentive Stock Option Agreement (Esco Electronics Corp)

Committee Administration. This option has been granted pursuant to a determination made by the Committee, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itself, 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 (Valley National Gases Inc)

Committee Administration. This option has been granted pursuant to a determination made by the Committee, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors 6 itself, 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: Nonqualified Stock Option Agreement (Esco Electronics Corp)

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