Common use of Administration; Amendment Clause in Contracts

Administration; Amendment. The option grant shall be administered by the Plan Administrator, which shall have authority to construe and apply the provision hereof, and whose determinations shall be final and binding. Nothing in this Agreement, however, shall give the Plan Administrator or any other person the right, power or authority to change, amend, alter or repeal the terms of this Agreement without the prior written consent of the Grantee.