Common use of Interpretation by Committee Clause in Contracts

Interpretation by Committee. As a condition of the granting of the Restricted Shares the Participant agrees, for the Participant and his or her personal representatives, that this Agreement shall be interpreted by the Committee and that any interpretation by said Committee of the terms of this Agreement and any determination made by the Committee pursuant to this Agreement shall be final, binding and conclusive.

Appears in 3 contracts

Samples: Restricted Stock Agreement (National Research Corp), Restricted Stock Agreement (National Research Corp), Restricted Stock Agreement (National Research Corp)

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Interpretation by Committee. As a condition of the granting of the Shares of Restricted Shares Stock, the Participant Participating Director agrees, for the Participant himself or herself and his or her personal representativeslegal representatives or guardians, that this Agreement shall be interpreted by the Committee and that any interpretation by said the Committee of the terms of this Agreement and any determination made by the Committee pursuant to this Agreement shall be final, binding and conclusive.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Faro Technologies Inc), Restricted Stock Award Agreement (Faro Technologies Inc)

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