The Compensation and Stock. Option Committee (the “Committee”) shall have full authority and discretion, subject only to the express terms of the 2007 Plan, to decide all matters relating to the administration and interpretation of the 2007 Plan and this Agreement and the Grantee agrees to accept all such Committee determinations as final, conclusive and binding. The Company may designate an internal department or may retain a third-party plan administrator to assist in the administration of the 2007 Plan. The term “Stock Plan Administrator” as used herein shall mean such internal department or such third-party plan administrator as designated by the Company from time to time.
The Compensation and Stock. Option Committee of TRW may make such adjustments in the option price and in the number or kind of shares of TRW Common or other securities covered by this option as it in its sole discretion may determine are equitably required to prevent dilution or enlargement of your rights that would otherwise result from any stock dividend, stock split, combination of shares, recapitalization or other change in the capital structure of TRW, merger, consolidation, reorganization, partial or complete liquidation or other corporate transaction or event having an effect similar to any of the foregoing.
The Compensation and Stock. Option Committee of TRW shall make adjustments in the option price and the number or kind of shares of TRW Common or other securities covered by this option only in accordance with the terms of the TRW plan and the French sub-plan thereunder, pursuant to which this stock option is granted.
The Compensation and Stock. Option Committee of the Company shall have authority, subject to the express provision of the Plan, to construe this Incentive Stock Option and to make all other determinations in the judgment of the Committee necessary or desirable for the administration of the Plan. The Board of Directors may at any time or from time to time grant to the Committee such further powers and authority as the Board shall determine to be necessary or desirable. All action by the Committee under the provision of this section shall be conclusive for all purposes
The Compensation and Stock. Option Committee of the Board of Directors of the Corporation will have full power and authority to interpret and apply the provisions of this agreement and act on behalf of the Corporation in connection with this agreement, and the decision of the Compensation and Stock Option Committee of the Board of Directors of the Corporation as to any matter arising under this agreement shall be binding and conclusive as to all persons.
