Administration and Amendment. The Board shall interpret this Agreement and shall prescribe such rules and regulations in connection with the operation of the Agreement as the Board determines in good faith to be advisable. The Board may unilaterally amend the Plan and this Agreement to the extent necessary for compliance with any changes in applicable tax, securities or other legal requirements. Further, the Board may unilaterally amend or rescind its rules and regulations from time to time, provided such action shall not impair the Grantee’s substantive rights under this Agreement. The good-faith interpretation by the Board of any of the provisions of this Agreement shall be final and binding upon the Corporation and the Grantee.
Appears in 3 contracts
Sources: Restricted Stock Unit Agreement (UNIVEST FINANCIAL Corp), Restricted Stock Unit Agreement (UNIVEST FINANCIAL Corp), Restricted Stock Unit Agreement (UNIVEST FINANCIAL Corp)