Common use of Construction and Administration Clause in Contracts

Construction and Administration. The Board of Directors of the Company has the power to construe the Plan and this Agreement and to prescribe such rules and regulations relating thereto as it may deem advisable. The Board of Directors of the Company also has the authority, in the exercise of its sole and exclusive discretion, to correct any defect or supply any omission or reconcile any inconsistency in this Agreement or in the Plan in the manner and to the extent it shall deem appropriate. The determinations and actions of the Board of Directors shall be conclusive.

Appears in 13 contracts

Samples: Restricted Stock Unit Agreement (American National Insurance Co), Restricted Stock Unit Agreement (American National Insurance Co /Tx/), Restricted Stock Unit Agreement (American National Insurance Co /Tx/)

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Construction and Administration. The Board of Directors of the Company has the power to construe the Plan and this Agreement and to prescribe such rules and regulations relating thereto as it may deem advisableAgreement. The Board of Directors of the Company also has the authority, in the exercise of its sole and exclusive discretion, to correct any defect or supply any omission or reconcile any inconsistency in this Agreement or in the Plan in the manner and to the extent it shall deem appropriate. The determinations and actions of the Board of Directors shall be conclusive.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (American National Group Inc), Restricted Stock Unit Agreement (American National Group Inc)

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