Common use of Determination of the Board Final Clause in Contracts

Determination of the Board Final. The determination of whether a Triggering Event or Change in Control has occurred, the amount of the Aggregate Consideration and the amount of any Sale Bonus shall be made in good faith by the Board (unless otherwise required by applicable law) and, absent manifest error, shall be final and binding on you, the Company and all other interested parties.

Appears in 18 contracts

Samples: Bonus Agreement (Grand Union Co /De/), Letter Agreement (Grand Union Co /De/), Letter Agreement (Grand Union Co /De/)

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Determination of the Board Final. The determination of whether a Triggering Event or Change in Control has occurred, the amount of the Aggregate Consideration and the amount of any Sale Bonus shall be made in good faith by the Board (unless otherwise required by applicable law) and, absent manifest error, shall be final and binding on you, the Company Group and all other interested parties.

Appears in 12 contracts

Samples: Letter Agreement (Pathmark Stores Inc), Letter Agreement (Pathmark Stores Inc), Letter Agreement (Pathmark Stores Inc)

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