Common use of Interpretation and Administration Clause in Contracts

Interpretation and Administration. ▇▇▇▇▇ agrees that the terms and conditions of this Agreement shall be construed by the Board or a committee of the Board, and that any determination of the Board or such committee shall be conclusive and binding on all parties claiming an interest in this option.

Appears in 2 contracts

Sources: Stock Option Agreement (Sunovia Energy Technologies Inc), Stock Option Agreement (Sun Energy Solar Inc)

Interpretation and Administration. ▇▇▇▇▇ Employee agrees that the terms and conditions of this Agreement shall be construed by the Board or a committee of the Board, and that any determination of the Board or such committee shall be conclusive and binding on all parties claiming an interest in this option.

Appears in 1 contract

Sources: Contract Buyout and Separation Agreement (Hibernia Corp)