Administration Clause Example from Business Contracts

Administration. Except as otherwise expressly provided in the Plan, the authority to manage and control the operation and administration of this Award Agreement shall be vested in the Committee, and the Committee shall have all powers and discretion with respect to this Award Agreement as it has with respect to the Plan. Any interpretation of the Award Agreement by the Committee and any decision made by the Committee with respect to the Award Agreement shall be final and binding on all parties. References to... the Committee in this Award Agreement shall be read to include a reference to any delegate of the Committee acting within the scope of his or her delegation. View More