Common use of Interpretation; Administration Clause in Contracts

Interpretation; Administration. Any question arising as to the interpretation of this Agreement will be determined by the Board of Directors and/or the Compensation Committee and, absent manifest error, such determination will be conclusive and binding on the Company and the Grantee. Either the Board of Directors or the Compensation Committee may administer and make determinations under this Agreement and references to the Board of Directors in this Agreement shall refer to the Board of Directors and/or the Compensation Committee, as applicable.

Appears in 4 contracts

Sources: Restricted Share Unit Award Agreement (Xenon Pharmaceuticals Inc.), Restricted Share Unit Award Agreement (Xenon Pharmaceuticals Inc.), Performance Share Award Agreement (Xenon Pharmaceuticals Inc.)