Common use of Determination by Board of Directors Clause in Contracts

Determination by Board of Directors. A determination of the Board of Directors, or the Executive Committee of the Board of Directors, of the Corporation that a Change of Control within the above definition has occurred and its decision to activate a similar provision upon such Change of Control under any plan or other arrangement shall be final and binding on the Corporation and all persons interested in the Agreement.

Appears in 8 contracts

Samples: Employment Agreement (First Security Corp /Ut/), Employment Agreement (First Security Corp /Ut/), Employment Agreement (First Security Corp /Ut/)

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Determination by Board of Directors. A determination of the Board of Directors, or the Executive Committee of the Board of Directors, of the Corporation that a Change of Control within the above definition has occurred and its decision to activate a similar provision upon such Change of Control under any plan or other arrangement shall be final and binding on the Corporation and all persons interested in the Agreement.. 7.3

Appears in 2 contracts

Samples: Employment Agreement (First Security Corp /Ut/), Employment Agreement (First Security Corp /Ut/)

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