Common use of Committee Discretion to Reduce Award Clause in Contracts

Committee Discretion to Reduce Award. Notwithstanding any provision in this Agreement to the contrary, the Committee retains the right, at its sole and absolute discretion, to reduce or eliminate any Award that may become payable hereunder if the Committee determines that any one or more of the following conditions have occurred:

Appears in 14 contracts

Samples: Performance Share Agreement (Clearwater Paper Corp), Performance Share Agreement (Clearwater Paper Corp), Performance Share Agreement (Clearwater Paper Corp)

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Committee Discretion to Reduce Award. Notwithstanding any provision in this Agreement to the contrary, the Committee retains the right, at its sole and absolute discretion, to reduce or eliminate any Award award that may become payable hereunder if the Committee determines that any one or more of the following conditions have occurred:

Appears in 2 contracts

Samples: Performance Share Agreement (Potlatch Corp), Performance Share Agreement (Potlatch Corp)

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