Common use of Binding Determinations Clause in Contracts

Binding Determinations. Any action taken by or inaction of the Company, the Board or the Committee relating or pursuant to this Plan shall be within the absolute discretion of that entity or body and shall be conclusive and binding upon all persons. No member of the Board or Committee, or officer of the Company, shall be liable for any such action or inaction of the entity or body, of another person or, except in circumstances involving bad faith, of himself or herself. Subject only to compliance with the express provisions hereof, the Board and Committee may act in their absolute discretion in matters within their authority related to this Plan.

Appears in 1 contract

Sources: Operating Agreement (Amerigon Inc)

Binding Determinations. Any action taken by by, or inaction of of, the CompanyCorporation, the Board or the Committee relating or pursuant to this Plan shall be within the absolute discretion of that entity or body and shall be conclusive and binding upon all persons. No member of the Board or Committee, or officer of the CompanyCorporation, shall be liable for any such action or inaction of the entity or body, of or another person or, except in circumstances involving bad faith, of himself or herself. Subject only to compliance with the express provisions hereof, the Board and Committee may act in their absolute discretion in matters within their authority related to this Plan.

Appears in 1 contract

Sources: 2008 Omnibus Plan (Royal Bank of Canada)

Binding Determinations. Any action taken by by, or inaction of of, the CompanyCorporation, any Subsidiary, the Board or the Committee relating or pursuant to this Plan shall be within the absolute discretion of that entity or body and shall be conclusive and binding upon all persons. No member of the Board or Committee, or officer of the CompanyCorporation or any Subsidiary, shall be liable for any such action or inaction of the entity or body, of another person or, or except in circumstances involving bad faith, of himself or herself. Subject only to compliance with the express provisions hereof, the Board and Committee may act in their absolute discretion in matters within their authority related to this Plan.

Appears in 1 contract

Sources: Manager Stock Option Agreement (Natures Sunshine Products Inc)