Common use of ADMINISTRATION OF THIS OPTION Clause in Contracts

ADMINISTRATION OF THIS OPTION. (a) The determinations and the interpretation and construction of any provision of this Option by the Company shall be final and conclusive. (b) Subject to the express provisions of this Option, the Company shall have the authority, in its sole and absolute discretion (i) to adopt, amend, and rescind administrative and interpretive rules and regulations relating to this Option; (ii) to construe the terms of this Option; (iii) as provided in Section 5(a), upon certain events to make appropriate adjustments to the exercise price and number of Shares subject to this Option; and (iv) to make all other determinations and perform all other acts necessary or advisable for administering this Option, including the delegation of such ministerial acts and responsibilities as the Company deems appropriate. The Company may correct any defect or supply any omission or reconcile any inconsistency in this Option in the manner and to the extent it shall deem expedient to carry it into effect, and it shall be the sole and final judge of such expediency. The Company shall have full discretion to make all determinations on the matters referred to in this Section 8(b), and such determinations shall be final, binding and conclusive.

Appears in 10 contracts

Sources: Nonqualified Stock Option Agreement (Firstplus Financial Group Inc), Nonqualified Stock Option Agreement (Firstplus Financial Group Inc), Nonqualified Stock Option Agreement (Firstplus Financial Group Inc)

ADMINISTRATION OF THIS OPTION. (a) The determinations and the interpretation and construction of any provision of this Option by the Company shall be final and conclusive. (b) Subject to the express provisions of this Option, the Company shall have the authority, in its sole and absolute discretion (i) to adopt, amend, and rescind administrative and interpretive rules and regulations relating to this Option; (ii) to construe the terms of this Option; (iii) as provided in Section 5(a)5, upon certain events to make appropriate adjustments to the exercise price and number of Shares subject to this Option; and (iv) to make all other determinations and perform all other acts necessary or advisable for administering this Option, including the delegation of such ministerial acts and responsibilities as the Company deems appropriate. The Company may correct any defect or supply any omission or reconcile any inconsistency in this Option in the manner and to the extent it shall deem expedient to carry it into effect, and it shall be the sole and final judge of such expediency. The Company shall have full discretion to make all determinations on the matters referred to in this Section 8(b), and such determinations shall be final, binding and conclusive.

Appears in 8 contracts

Sources: Stock Option Agreement (Firstplus Financial Group Inc), Stock Option Agreement (Toucan Gold Corp), Stock Option Agreement (Authoriszor Inc)

ADMINISTRATION OF THIS OPTION. (aA) The determinations and the interpretation and construction of any provision of this Option by the Company shall be final and conclusive. (bB) Subject to the express provisions of this Option, the Company shall have the authority, in its sole and absolute discretion (i) to adopt, amend, and rescind administrative and interpretive rules and regulations relating to this Option; (ii) to construe the terms of this Option; (iii) as provided in Section 5(a), upon certain events to make appropriate adjustments to the exercise price and number of Shares subject to this Option; and (iv) to make all other determinations and perform all other acts necessary or advisable for administering this Option, including the delegation of such ministerial acts and responsibilities as the Company deems appropriate. The Company may correct any defect or supply any omission or reconcile any inconsistency in this Option in the manner and to the extent it shall deem expedient to carry it into effect, and it shall be the sole and final judge of such expediency. The Company shall have full discretion to make all determinations on the matters referred to in this Section 8(b), and such determinations shall be final, binding and conclusive.. CORPDAL:57914.1 28835-00003

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Rac Financial Group Inc)

ADMINISTRATION OF THIS OPTION. (aA) The determinations and the interpretation and construction of any provision of this Option by the Company shall be final and conclusive.. CORPDAL:57920.1 28835-00003 (bB) Subject to the express provisions of this Option, the Company shall have the authority, in its sole and absolute discretion (i) to adopt, amend, and rescind administrative and interpretive rules and regulations relating to this Option; (ii) to construe the terms of this Option; (iii) as provided in Section 5(a), upon certain events to make appropriate adjustments to the exercise price and number of Shares subject to this Option; and (iv) to make all other determinations and perform all other acts necessary or advisable for administering this Option, including the delegation of such ministerial acts and responsibilities as the Company deems appropriate. The Company may correct any defect or supply any omission or reconcile any inconsistency in this Option in the manner and to the extent it shall deem expedient to carry it into effect, and it shall be the sole and final judge of such expediency. The Company shall have full discretion to make all determinations on the matters referred to in this Section 8(b), and such determinations shall be final, binding and conclusive.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Rac Financial Group Inc)

ADMINISTRATION OF THIS OPTION. (a) The determinations and the interpretation and construction of any provision of this Option by the Company shall be final and conclusive. (b) Subject to the express provisions of this Option, the Company shall have the authority, in its sole and absolute discretion (i) to adopt, amend, and rescind administrative and interpretive rules and regulations relating to this Option; (ii) to construe the terms of this Option; (iii) as provided in Section 5(a)9, upon certain events to make appropriate adjustments to the exercise price and number of Shares shares of Stock subject to this Option; and (iv) to make all other determinations and perform all other acts necessary or advisable for administering this Option, including the delegation of such ministerial acts and responsibilities as the Company deems appropriate. The Company may correct any defect or supply any omission or reconcile any inconsistency in this Option in the manner and to the extent it shall deem expedient to carry it into effect, and it shall be the sole and final judge of such expediency. The Company shall have full discretion to make all determinations on the matters referred to in this Section 8(b10(b), and such determinations shall be final, binding and conclusive.

Appears in 1 contract

Sources: Stock Option Agreement (Sand Hill It Security Acquisition Corp)

ADMINISTRATION OF THIS OPTION. (aA) The determinations and the interpretation and construction of any provision of this Option by the Company shall be final and conclusive.. CORPDAL:57921.1 28835-00003 (bB) Subject to the express provisions of this Option, the Company shall have the authority, in its sole and absolute discretion (i) to adopt, amend, and rescind administrative and interpretive rules and regulations relating to this Option; (ii) to construe the terms of this Option; (iii) as provided in Section 5(a), upon certain events to make appropriate adjustments to the exercise price and number of Shares subject to this Option; and (iv) to make all other determinations and perform all other acts necessary or advisable for administering this Option, including the delegation of such ministerial acts and responsibilities as the Company deems appropriate. The Company may correct any defect or supply any omission or reconcile any inconsistency in this Option in the manner and to the extent it shall deem expedient to carry it into effect, and it shall be the sole and final judge of such expediency. The Company shall have full discretion to make all determinations on the matters referred to in this Section 8(b), and such determinations shall be final, binding and conclusive.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Rac Financial Group Inc)