Common use of Interpretation by Committee Clause in Contracts

Interpretation by Committee. As a condition of the granting of the Option, the Optionee agrees, for himself or herself and his or her legal representatives or guardians, that this Agreement shall be interpreted by the Committee and that any interpretation by the Committee of the terms of this Agreement and any determination made by the Committee pursuant to this Agreement shall be final, binding and conclusive.

Appears in 14 contracts

Samples: Incentive Stock Option Award Agreement, Nonqualified Stock Option Award Agreement (Faro Technologies Inc), Nonqualified Stock Option Award Agreement (Faro Technologies Inc)

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Interpretation by Committee. As a condition of the granting of the Option, the Optionee agrees, for himself or herself and his or her legal representatives or guardians, that this Agreement shall be interpreted by the Committee and that any interpretation by the Committee of the terms of this Agreement and any determination made by the Committee pursuant to this Agreement shall be final, binding and conclusive.

Appears in 12 contracts

Samples: Non Qualified Stock Option Agreement (Gehl Co), Non Qualified Stock Option Agreement (Gehl Co), Non Statutory Stock Option Agreement (Aqua Chem Inc)

Interpretation by Committee. As a condition of the granting of the this Option, the Optionee agrees, for himself or herself and his or her legal representatives or guardiansrepresentatives, that the Plan and this Agreement shall be interpreted subject to discretionary interpretation by the Committee and that any interpretation by the Committee of the terms of this Agreement the Plan and any determination made by the Committee pursuant to this Agreement shall be final, binding and conclusiveconclusive on the Optionee and his legal representatives in all respects and shall not subject to challenge or dispute by the Optionee or his legal representatives.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Schultz Sav O Stores Inc), Nonqualified Stock Option Agreement (Schultz Sav O Stores Inc), Nonqualified Stock Option Agreement (Schultz Sav O Stores Inc)

Interpretation by Committee. As a condition of the granting of the Option, the Optionee agrees, for himself or herself and his or her legal representatives or guardianspersonal representatives, that this Agreement shall be interpreted by the Committee and that that, subject to the express terms of the Plan, any interpretation by the Committee of the terms of this Agreement and any determination made by the Committee pursuant to this Agreement shall be final, binding and conclusive.

Appears in 4 contracts

Samples: Stock Option Agreement (Gehl Co), Stock Option Agreement (Gehl Co), Stock Option Agreement (Gehl Co)

Interpretation by Committee. As a condition of the granting of the Option, the Optionee agrees, for himself or herself and his or her legal representatives or guardianspersonal representatives, that this Agreement shall be interpreted by the Committee and that that, subject to the express terms of the Plan, any interpretation by the Committee of the terms of this Agreement and any determination made by the Committee pursuant to this Agreement shall be final, binding and conclusive.

Appears in 1 contract

Samples: Stock Option Agreement (Banta Corp)

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Interpretation by Committee. As a condition of the granting of the this Option, the Optionee agrees, for himself or herself and his or her legal representatives or guardiansrepresentatives, that the Plan and this Agreement shall be interpreted subject to discretionary interpretation by the Committee and that any interpretation by the Committee of the terms of this Agreement the Plan and any determination made by the Committee pursuant to this Agreement shall be final, binding and conclusiveconclusive on the Optionee and his legal representatives in all respects and shall not be subject to challenge or dispute by the Optionee or his legal representatives.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Northland Cranberries Inc /Wi/)

Interpretation by Committee. As a condition of the granting of the Option, the Optionee agrees, for himself or herself the Optionee and his or her legal representatives or guardianspersonal representatives, that this Agreement shall be interpreted by the Committee and that any interpretation by the said Committee of the terms of this Agreement and any determination made by the Committee pursuant to this Agreement shall be final, binding and conclusive.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (National Research Corp)

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