Common use of Administration by the Board Clause in Contracts

Administration by the Board. The Board, or its Compensation Committee --------------------------- as determined by the Board, shall be (i) solely responsible for the interpretation and administration of this Agreement, the Transition Assistance Loan, Bonus Arrangements and the Stock Loans, and (ii) entitled to modify this Agreement and the (including, without limitation, performance criteria and targets) as necessary or appropriate to achieve the purposes and intents of the same in light of changing or extenuating circumstances. All such actions, decisions, and modifications regarding this Agreement, the Transition Assistance Loan, Bonus Arrangements or the Stock Loans made in good faith by the Board, or by its Compensation Committee, shall be final and binding on Executive.

Administration by the Board. The Board, or its Compensation --------------------------- Committee --------------------------- as determined by the Board, shall be (i) solely responsible for the interpretation and administration of this Agreement, the Transition Assistance Loan, Bonus Arrangements and the Stock Loans, and (ii) entitled to modify this Agreement and the (including, without limitation, performance criteria and targets) as necessary or appropriate to achieve the purposes and intents of the same in light of changing or extenuating circumstances. All such actions, decisions, and modifications regarding this Agreement, the Transition Assistance Loan, Bonus Arrangements or the Stock Loans made in good faith by the Board, or by its Compensation Committee, shall be final and binding on Executive.

Administration by the Board. The Board, or its Compensation Committee --------------------------- as determined by the Board, shall be (i) solely responsible for the interpretation and administration of this Agreement, the Transition Assistance Loan, any Loan and Stock Pledge Agreements and related Bonus Arrangements and the Stock LoansArrangements, and (ii) entitled to modify this Agreement any Loan and the Stock Pledge Agreements and related Bonus Arrangements (including, without limitation, performance criteria and targets) as necessary or appropriate to achieve the purposes and intents of the same in light of changing or extenuating circumstances. All such actions, decisions, and modifications regarding this Agreement, the Transition Assistance Loan, of any Loan and Stock Pledge Agreements and related Bonus Arrangements or the Stock Loans made in good faith by the Board, or by its Compensation Committee, shall be final and binding on Executive.