Common use of Interpretation by Committee Clause in Contracts

Interpretation by Committee. As a condition of the granting of the Restricted Stock, the Participant agrees, for himself and his legal representatives, that the Plan and this Agreement shall be subject to discretionary interpretation by the Committee and that any interpretation by the Committee of the terms of the Plan and this Agreement shall be final, binding and conclusive on the Participant and his legal representatives in all respects and shall not be subject to challenge or dispute by the Participant or his legal representatives.

Appears in 6 contracts

Samples: 2004 Equity and Incentive Awards Plan Restricted Stock Agreement (Marcus Corp), 2004 Equity and Incentive Awards Plan Restricted Stock Agreement (Marcus Corp), Restricted Stock Agreement (Marcus Corp)

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Interpretation by Committee. As a condition of the granting of the Restricted StockPerformance Shares, the Participant agrees, for himself and his legal representatives, that the Plan and this Agreement shall be subject to discretionary interpretation by the Committee and that any interpretation by the Committee of the terms of the Plan and this Agreement shall be final, binding and conclusive on the Participant and his legal representatives in all respects and shall not be subject to challenge or dispute by the Participant or his legal representatives.

Appears in 2 contracts

Samples: 2004 Equity and Incentive Awards Plan Performance Share Award Agreement (Marcus Corp), 2004 Equity and Incentive Awards Plan Performance Share Award Agreement (Marcus Corp)

Interpretation by Committee. As a condition of the granting of the Restricted StockShares, the Participant agrees, for himself and his legal representatives, that the Plan and this Agreement shall be subject to discretionary interpretation by the Committee and that any interpretation by the Committee of the terms of the Plan and this Agreement shall be final, binding and conclusive on the Participant and his legal representatives in all respects and shall not be subject to challenge or dispute by the Participant or his legal representatives.

Appears in 2 contracts

Samples: Marcus Corporation 1995 Equity Incentive Plan Restricted Stock Agreement (Marcus Corp), Marcus Corporation 2004 Equity Incentive Plan Restricted Stock Agreement (Marcus Corp)

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Interpretation by Committee. As a condition of the granting of the Restricted StockStock Units, the Participant agrees, for himself and his legal representatives, that the Plan and this Agreement shall be subject to discretionary interpretation by the Committee and that any interpretation by the Committee of the terms of the Plan and this Agreement shall be final, binding and conclusive on the Participant and his legal representatives in all respects and shall not be subject to challenge or dispute by the Participant or his legal representatives.

Appears in 1 contract

Samples: Equity and Incentive Awards Plan Restricted Stock Unit Agreement (Marcus Corp)

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