Common use of Administration of the Plan Clause in Contracts

Administration of the Plan. The administration of the Plan shall be managed by the Committee. All determinations of the Committee shall be made by a majority of its members either present in person or participating by conference telephone at a meeting or by written consent. The Committee shall have the power to prescribe and modify the forms of Award Agreement, correct any defect, supply any omission or clarify any inconsistency in the Plan and/or in any Award Agreement and take such actions and make such administrative determinations that the Committee deems appropriate in its sole discretion. Any decision of the Committee in the administration of the Plan, as described herein, shall be final, binding and conclusive on all parties concerned, including the Company, its stockholders and Subsidiaries and all Participants.

Administration of the Plan. The administration of the Plan shall be managed administered by the Committee. All determinations Compensation Committee of the Board of Directors of the Company ("Committee"). The Committee shall be made appointed by a majority the Board of its members either present in person or participating by conference telephone Directors of the Company and shall consist of at a meeting or by written consentleast two outside directors of the Company that satisfy the requirements of Code Section 162(m). The Committee shall have the power sole discretion and authority to prescribe administer and modify the forms of Award Agreement, correct any defect, supply any omission or clarify any inconsistency in interpret the Plan and/or in any Award Agreement and take such actions and make such administrative determinations that the Committee deems appropriate in its sole discretionaccordance with Code Section 162(m). Any decision of the Committee in the administration The Committee's interpretations of the Plan, as described hereinand all actions taken and determinations made by the Committee pursuant to the powers vested in it hereunder, shall be final, conclusive and binding and conclusive on all parties concerned, including the Company, its stockholders and Subsidiaries and all Participantsany person receiving an award under the Plan.