Common use of Interpretation by Committee Clause in Contracts

Interpretation by Committee. The Non-Employee Director agrees that any dispute or disagreement which may arise in connection with this Agreement shall be resolved by the Committee, in its sole discretion, and that any interpretation by the Committee of the terms of this Agreement or the Plan and any determination made by the Committee under this Agreement or the Plan may be made in the sole discretion of the Committee and shall be final, binding, and conclusive. Any such determination need not be uniform and may be made differently among Non-Employee Directors awarded Restricted Stock.

Appears in 4 contracts

Samples: Restricted Share Award Agreement (Stein Mart Inc), Restricted Stock Award Agreement (Mgic Investment Corp), Restricted Stock Award Agreement (Mgic Investment Corp)

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Interpretation by Committee. The Non-Employee Director agrees that any dispute or disagreement which may arise in connection with this Agreement shall be resolved by the Committee, in its sole discretion, and that any interpretation by the Committee of the terms of this Agreement or the Plan and any determination made by the Committee under this Agreement or the Plan may be made in the sole discretion of the Committee and shall be final, binding, and conclusive. Any such determination need not be uniform and may be made differently among Non-Employee Directors awarded Restricted Option Stock.

Appears in 1 contract

Samples: Option Award Agreement for Non Employee Directors (Hennessy Advisors Inc)

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