Common use of Determination by the Board Clause in Contracts

Determination by the Board. Upon entering into this Agreement, Xxxxxxx understands and agrees that a determination of the Board shall be final and binding on the issue of whether Xxxxxxx’s actions are or will be in violation of this Section II.B.4. Xxxxxxx may request in writing from the Board an advance determination as to whether Xxxxxxx’s proposed actions will violate this Section II.B.4.

Appears in 7 contracts

Samples: Special Performance Stock Units Agreement (Trimas Corp), Performance Stock Units Agreement (Trimas Corp), Restricted Stock Units Agreement (Trimas Corp)

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Determination by the Board. Upon entering into this Agreement, Xxxxxxx understands and agrees that a determination of the Board shall be final and binding on the issue of whether Xxxxxxx’s actions are or will be in violation of this Section II.B.4II.B.3. Xxxxxxx may request in writing from the Board an advance determination as to whether Xxxxxxx’s proposed actions will violate this Section II.B.4II.B.3.

Appears in 6 contracts

Samples: Performance Stock Units Agreement (Trimas Corp), Restricted Stock Units Agreement (Trimas Corp), Performance Stock Units Agreement (Trimas Corp)

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