Common use of Plan Terms and Committee Authority Clause in Contracts

Plan Terms and Committee Authority. This Agreement and the rights of the Recipient hereunder are subject to all of the terms and conditions of the Plan, as it may be amended from time to time, as well as to such rules and regulations as the Committee may adopt for administration of the Plan. It is expressly understood that the Committee is authorized to administer, construe and make all determinations necessary or appropriate for the administration of the Plan and this Agreement, all of which shall be binding upon the Recipient. Any inconsistency between this Agreement and the Plan shall be resolved in favor of the Plan. The Recipient hereby acknowledges receipt of a copy of the Plan and this Agreement.

Appears in 22 contracts

Samples: 2009 Omnibus Stock and Incentive Plan (KAR Auction Services, Inc.), Omnibus Stock and Incentive Plan (KAR Auction Services, Inc.), 2002 Stock Compensation Plan (SPX Corp)

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Plan Terms and Committee Authority. This Agreement and the rights of the Recipient hereunder are subject to all of the terms and conditions of the Plan, as it may be amended from time to time, as well as to such policies, rules and regulations as the Committee may adopt for administration of the Plan, including but not limited to any stock ownership and stock holding guidelines. It is expressly understood that the Committee is authorized to administer, construe and make all determinations necessary or appropriate for the administration of the Plan and this Agreement, all of which shall be binding upon the Recipient. Any inconsistency between this Agreement and the Plan shall be resolved in favor of the Plan. The Recipient hereby acknowledges receipt of a copy of the Plan and this Agreement.

Appears in 17 contracts

Samples: Omnibus Stock and Incentive Plan (KAR Auction Services, Inc.), Omnibus Stock and Incentive Plan (KAR Auction Services, Inc.), Omnibus Stock and Incentive Plan (KAR Auction Services, Inc.)

Plan Terms and Committee Authority. This Agreement and the rights of the Recipient Employee hereunder are subject to all of the terms and conditions of the Plan, as it may be amended from time to time, as well as to such rules and regulations as the Committee may adopt for administration of the Plan. It is expressly understood that the Committee is authorized to administer, construe and make all determinations necessary or appropriate for the administration of the Plan and this Agreement, all of which shall be binding upon the RecipientEmployee. Any inconsistency between this Agreement and the Plan shall be resolved in favor of the Plan. The Recipient Employee hereby acknowledges receipt of a copy of the Plan and this Agreement.

Appears in 10 contracts

Samples: Solicitation and Confidentiality Agreement (Walgreen Co), Award Agreement (Walgreen Co), Restricted Share Unit Award Agreement (Walgreen Co)

Plan Terms and Committee Authority. This Agreement and the rights of the Recipient hereunder are subject to all of the terms and conditions of the Plan, as it may be amended from time to time, as well as to such rules and regulations as the Committee may adopt for administration of the Plan. It is expressly understood that the Committee is authorized to administer, construe and make all determinations necessary or appropriate for the administration of the Plan and this Agreement, all of which shall be binding upon the Recipient. Any inconsistency between this Agreement and the Plan shall be resolved in favor of the Plan. The Recipient hereby acknowledges receipt of a copy of the Plan and this Agreement.

Appears in 6 contracts

Samples: Stock Compensation Plan (SPX Corp), 2002 Stock Compensation Plan (SPX Corp), Stock Compensation Plan (SPX Corp)

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Plan Terms and Committee Authority. This Agreement and the rights of the Recipient Employee hereunder are subject to all of the terms and conditions of the Plan, as it may be amended from time to time, as well as to such rules and regulations as the Committee may adopt for administration of the Plan. It is expressly understood that the Committee is authorized to administer, construe and make all determinations necessary or appropriate for the administration of the Plan and this Agreement, all of which shall be binding upon Employee, including the Recipientenforcement of any recoupment policy. Any inconsistency between this Agreement and the Plan shall be resolved in favor of the Plan. The Recipient Employee hereby acknowledges receipt of a copy of the Plan and this Agreement.

Appears in 2 contracts

Samples: Term Performance Incentive Plan (Walgreen Co), Restricted Share Unit Award Agreement (Walgreen Co)

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