Common use of Authority of Committee Clause in Contracts

Authority of Committee. Under the Plan, the Committee is vested with full authority to make such rules and regulations as it deems necessary or desirable to administer the Plan and to interpret the provisions of the Plan. Any determination, decision, or action of the Committee in connection with the construction, interpretation, administration or application of the Plan shall be final, conclusive and binding upon Optionee and any person claiming under or through Optionee.

Appears in 6 contracts

Samples: Stock Option Agreement (Qep Resources, Inc.), Stock Option Agreement (Qep Resources, Inc.), Incentive Stock Option Agreement (Qep Resources, Inc.)

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Authority of Committee. Under the Plan, the Committee is vested with full authority to make such rules and regulations as it deems necessary or desirable to administer the Plan and to interpret the provisions of the Plan. Any determination, decision, or action of the Committee in connection with the construction, interpretation, administration or application of the Plan shall be final, conclusive and binding upon the Optionee and any person claiming under or through the Optionee.

Appears in 3 contracts

Samples: Stock Option Agreement (Questar Corp), Incentive Stock Option Agreement (Questar Corp), Incentive Stock Option Agreement (Questar Corp)

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