Common use of Determinations by Administrator Clause in Contracts

Determinations by Administrator. The Administrator (as defined below) shall make all interpretations, rules and regulations necessary to administer this Agreement, and such determinations of the Administrator shall be binding upon Employee. For purposes of this Agreement, the term “Administrator” shall mean the Compensation Committee of the Board of Directors.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (ZBB Energy Corp), Nonstatutory Stock Option Agreement (ZBB Energy Corp)

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Determinations by Administrator. The Administrator (as defined below) shall make all interpretations, rules and regulations necessary to administer this Agreement, and such determinations of the Administrator shall be binding upon the Employee. For purposes of this Agreement, the term “Administrator” shall mean the Compensation Committee of the Board of Directors.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (ZBB Energy Corp), Nonstatutory Stock Option Agreement (ZBB Energy Corp)

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Determinations by Administrator. The Administrator (as defined below) shall make all interpretations, rules and regulations necessary to administer this Agreement, and such determinations of the Administrator shall be binding upon EmployeeGrantee. For purposes of this Agreement, the term “Administrator” shall mean the Compensation Committee of the Board of Directors.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (ZBB Energy Corp)

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