Rules by Committee Sample Clauses
The "Rules by Committee" clause establishes that a designated committee is responsible for creating, interpreting, or amending the rules governing a particular agreement or organization. In practice, this means that instead of relying on a single individual or external authority, a group—often composed of representatives from relevant stakeholders—meets to discuss and decide on rule changes or clarifications as needed. This approach ensures that rulemaking is collaborative and adaptable, helping to address evolving circumstances and maintain fairness by incorporating diverse perspectives.
Rules by Committee. The rights of the Grantee and the obligations of the Company hereunder will be subject to such reasonable rules and regulations as the Committee may adopt from time to time.
Rules by Committee. The rights of Participant and obligations of the Company hereunder shall be subject to such reasonable rules and regulations as the Committee may adopt from time to time hereafter.
Rules by Committee. The rights of the Grantee and the obligations of the Company hereunder will be subject to such reasonable rules and regulations as the Committee may adopt from time to time. Liberty TripAdvisor Annual Option
