Administration and Interpretation of this Agreement Clause Samples

The "Administration and Interpretation of this Agreement" clause defines how the agreement will be managed and how its terms should be understood or construed. Typically, this clause designates a party or parties responsible for overseeing the agreement’s implementation and may specify the rules or principles to be used in interpreting ambiguous terms. For example, it might state that the agreement will be interpreted according to the laws of a particular jurisdiction or that headings are for convenience only and do not affect meaning. The core function of this clause is to provide a clear framework for resolving questions about the agreement’s meaning and administration, thereby reducing the risk of disputes and ensuring consistent application.
Administration and Interpretation of this Agreement. The Board of Directors shall appoint an Administrative Committee consisting of three (3) or more persons to administer and interpret this Agreement. Interpretation by the Administrative Committee shall be final and binding upon a Participant. The Administrative Committee may adopt rules and regulations relating to this Agreement as it may deem necessary or advisable for the administration thereof.
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Administration and Interpretation of this Agreement. The Administrative Committee shall administer and interpret this Agreement. Interpretation by the Administrative Committee shall be final and binding upon the Participant. The Administrative Committee may adopt rules and regulations relating to this Agreement as it may deem necessary or advisable for the administration thereof.
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Administration and Interpretation of this Agreement. Interpretation by the Employer and/or the Executive Personnel/Compensation Committee shall be final and binding upon Executive (and Executive’s Beneficiary or Beneficiaries). The Employer and/or the Executive Personnel/Compensation Committee may adopt rules and regulations relating to this Agreement as it may deem necessary or advisable for the administration thereof.
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Administration and Interpretation of this Agreement. SECTION 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
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Administration and Interpretation of this Agreement. This Agreement shall be administered by the Committee, which has been designated by the Board and consists entirely of “Non-Employee Directors” in accordance with the provisions of Rule 16b-3. The Committee shall have full and final authority in its discretion: (a) to construe and interpret this Agreement; and (b) to make all other determinations and take all other actions deemed necessary or advisable for the proper administration of this Agreement. All such actions and determinations by the Committee shall be final and conclusively binding for all purposes and upon all persons.
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Related to Administration and Interpretation of this Agreement

  • Interpretation of This Agreement All decisions and interpretations made by the Committee with regard to any question arising hereunder or under the Plan shall be binding and conclusive upon the Company and the Optionee. If there is any inconsistency between the provisions of this Agreement and the Plan, the provisions of the Plan shall govern.

  • Administration and Interpretation Any question or dispute regarding the administration or interpretation of the Notice, the Plan or this Agreement shall be submitted by the Grantee or by the Company to the Committee. The resolution of such question or dispute by the Committee shall be final and binding on all persons.

  • Interpretation of Agreement It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide indemnification to Indemnitee to the fullest extent now or hereafter permitted by law.

  • Interpretation of the Agreement The laws of the Commonwealth of Pennsylvania shall govern this Agreement.

  • Construction and Interpretation Should any provision of this Agreement require judicial interpretation, the parties hereto agree that the court interpreting or construing the same shall not apply a presumption that the terms hereof shall be more strictly construed against one party by reason of the rule of construction that a document is to be more strictly construed against the party that itself, or through its agent, prepared the same, and it is expressly agreed and acknowledged that Company and Executive and each of his and its representatives, legal and otherwise, have participated in the preparation hereof.