Common use of Section Administration Clause in Contracts

Section Administration. The Committee shall have the power to interpret the Plan, this Agreement and all other documents relating to Restricted Stock and to adopt such rules for the administration, interpretation and application of this Agreement as are consistent therewith and to interpret, amend or revoke any such rules. All actions taken and all interpretations and determinations made by the Committee in good faith shall be final and binding upon the Holder, the Company and all other interested persons. No member of the Committee shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or the Restricted Stock and all members of the Committee shall be fully protected by the Company in respect to any such action, determination or interpretation.

Appears in 9 contracts

Samples: Restricted Stock Agreement (Golden Telecom Inc), Restricted Stock Agreement (Golden Telecom Inc), Restricted Stock Agreement (Golden Telecom Inc)

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