Common use of Reservation of Committee Discretion to Accelerate Lapse of Forfeiture Restrictions Clause in Contracts

Reservation of Committee Discretion to Accelerate Lapse of Forfeiture Restrictions. The Committee reserves the right, in its sole and absolute discretion, to accelerate the lapsing of the Forfeiture Restrictions under circumstances not otherwise covered by the foregoing provisions of this Section 3. The Committee is under no obligation to exercise any such discretion and may or may not exercise such discretion on a case-by-case basis.