Common use of Discretion of the Board Clause in Contracts

Discretion of the Board. Unless otherwise explicitly provided herein, the Board, or an authorized committee thereof, shall make all determinations required to be made hereunder, including determinations required to be made by the Company, and shall interpret all provisions of this Agreement and the underlying Restricted Shares, as it deems necessary or desirable, in its sole and unfettered discretion. Such determinations and interpretations shall be binding and conclusive with respect to the Company, the Grantee and any person claiming an interest in the Restricted Shares under or through the Grantee.

Appears in 7 contracts

Samples: Restricted Shares Award Agreement (Global Power Equipment Group Inc.), Restricted Shares Award Agreement (Global Power Equipment Group Inc.), Restricted Shares Award Agreement (Williams Industrial Services Group Inc.)

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Discretion of the Board. Unless otherwise explicitly provided hereinprovided, the Board, or an authorized committee thereofany Committee of the Board that has been delegated the authority to do so, shall make all determinations required to be made hereunder, including determinations required to be made by the CompanyCorporation, and shall interpret all provisions of this Agreement and the underlying Restricted SharesOption, as it deems necessary or desirable, in its sole and unfettered discretion. Such determinations and interpretations shall be binding and conclusive with respect to the Company, Corporation and the Grantee and any person claiming an interest in the Restricted Shares under or through the GranteeRecipient.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Boston Restaurant Associates Inc)

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