Common use of Governing Authority Clause in Contracts

Governing Authority. This option is subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted by the Company. This authority shall be exercised by the Board, or by a committee of one or more members of the Board in the event that the Board delegates its authority to a committee. The Board, in the exercise of this authority, may correct any defect, omission or inconsistency in this option in a manner and to the extent the Board shall deem necessary or desirable to make this option fully effective. References to the Board also include any committee appointed by the Board to administer and interpret this option. Any interpretations, amendments, rules and regulations promulgated by the Board shall be final and binding upon the Company and its successors in interest as well as you and your heirs, assigns, and other successors in interest.

Governing Authority. This option Agreement and the Option is subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted by the CompanyCorporation. This authority shall be exercised by the Board, or by a any committee of one or more members of the Board in the event that the Board delegates its authority to a committee. The Board, in the exercise of this authority, may correct any defect, omission or inconsistency in this option Agreement in a manner and to the extent the Board shall deem necessary or desirable to make this option Agreement fully effective. References to the Board also shall include any committee appointed by the Board to administer and interpret this optionAgreement and the Option. Any interpretations, amendments, rules and regulations promulgated by the Board shall be final and binding upon the Company Corporation and its successors in interest as well as you Optionee and your his heirs, assigns, and other successors in interest.

Governing Authority. This option Option is subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted by the Company. This authority shall be exercised by the Board, or by a committee of one or more members of the Board in the event that the Board delegates its authority to a committee. The Board, in the exercise of this authority, may correct any defect, omission or inconsistency in this option Option in a manner and to the extent the Board shall deem necessary or desirable to make this option Option fully effective. References to the Board also include any committee appointed by the Board to administer and interpret this option. Any interpretations, amendments, rules and regulations promulgated by the Board shall be final and binding upon the Company and its successors in interest as well as you and your heirs, assigns, and other successors in interest.

Governing Authority. This option is subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted by the Company. This authority shall be exercised by the Board, or by a committee of one or or 5. more members of the Board in the event that the Board delegates its authority to a committee. The Board, in the exercise of this authority, may correct any defect, omission or inconsistency in this option in a manner and to the extent the Board shall deem necessary or desirable to make this option fully effective. References to the Board also include any shall mean the committee if a committee has been appointed by the Board to administer and interpret this optionBoard. Any interpretations, amendments, rules and regulations promulgated by the Board shall be final and binding upon the Company and its successors in interest as well as you and your heirs, assigns, and other successors in interest.