Administration of Plan. The Plan is administered by the Committee appointed by the Company’s Board of Directors. The Committee has the authority to construe and interpret the Plan, to make rules of general application relating to the Plan, to amend outstanding awards pursuant to the Plan, and to require of any person receiving an award, at the time of such receipt or lapse of restrictions, the execution of any paper or the making of any representation or the giving of any commitment that the Committee shall, in its discretion, deem necessary or advisable by reason of the securities laws of the United States or any State, or the execution of any paper or the payment of any sum of money in respect of taxes or the undertaking to pay or have paid any such sum that the Committee shall in its discretion, deem necessary by reason of the Internal Revenue Code or any rule or regulation thereunder, or by reason of the tax laws of any State.
AdministrationAdministration. The Committee shall be responsible for the administration of the Plan. The Committee, by majority action thereof (whether taken during a meeting or by written consent), shall determine the type or types of Awards to be made under the Plan is administered byand shall designate from time to time the Committee appointed by the Company’s BoardEligible Employees who are to be recipients of Directors.such Awards. The Committee has the authorityis authorized to construe and interpret the Plan, to makeprescribe, amend and rescind rules of general applicationand regulations relating to the Plan, to amend outstanding awardsprovide for conditions and assurances deemed necessary or advisable to protect the interests of the Company and to make all other determinations necessary or advisable for the administration of the Plan but only to the extent not contrary to the express provisions of the Plan. Determinations, interpretations, or other actions made or taken by the Committee pursuant to the Plan,provisions of the Plan shall be final and to require of any person receiving an award, atbinding and conclusive for all purposes and upon all persons whomsoever. To the time of such receipt or lapse of restrictions, the execution of any paper or the making of any representation or the giving of any commitment that the Committee shall, in its discretion, deemextent deemed necessary or advisable by reasonfor purposes of Rule 16b-3 or otherwise, the Board (or the independent members of the securities laws of the United States or any State, or the execution of any paper or the payment of any sum of money in respect of taxes or the undertaking to pay or have paid any such sum thatBoard) may act as the Committee shall in its discretion, deem necessary by reason of the Internal Revenue Code or any rule or regulation thereunder, or by reason of the tax laws of any State.hereunder.
Administration of the Plan. The Plan isshall be administered by the Committee. Any power of the Committee appointedmay also be exercised by the Company’sBoard. To the extent that any permitted action taken by the Board conflicts with action taken by the Committee, the Board action shall control. Any or all aspects of Directors. The Committee hasthe administration of the Plan may be delegated to one or more officers or Employees, including, without limitation, the authority to construegrant Awards to Participants who are not Executive Officers, if and interpret the Plan, to make rules of general application relating to the Plan, to amend outstanding awards pursuant to the Plan, and to require of any person receiving an award, at the time of such receipt or lapse of restrictions, the execution of any paper or the making of any representation or the giving of any commitment that the Committee shall, in its discretion, deem necessary or advisableextent permitted by reason of the securities laws of the United States or any State, or the execution of any paper or the payment of any sum of money in respect of taxes or the undertaking to pay or have paid any such sum that the Committee shall in its discretion, deem necessary by reason of the Internal Revenue Code or any rule or regulation thereunder, or by reason of the tax laws of any State.applicable law.
Administration ofSection # Administration. The Committee will administer the Plan. The Committee will interpret the Plan is administeredand any Award Agreement or other form of agreement or other document used by the Corporation in the administration of the Plan or of any Award, and prescribe such rules, regulations, and procedures in connection with the operation of the Plan, as it deems to be necessary and advisable for the administration of the Plan consistent with the purposes of the Plan. Without limiting the foregoing, the Committee appointed by the Company’s Board of Directors. The Committee haswill have the authority to construe and interpret the Plan, to make rules of general application relating to the Plan, to amend outstanding awards pursuant to the Plan, and to require of any person receiving an award, at the time of such receipt or lapse of restrictions, the execution of any paper or the making of any representation or the giving of any commitment that the Committee shall, in its discretion, deem necessary or advisable by reason of the securities laws of the United States or any State, or the execution of any paper or the payment of any sum of money in respect of taxes or the undertaking to pay or have paid any such sum that the Committee shall in its discretion, deem necessary by reason of the Internal Revenue Code or any rule or regulation thereunder, or by reason of the tax laws of any State.complete discretion to:
Administration of Plan. The Plan iswill be administered by the Committee appointed by the Company’s Board of Directors.Committee. The Committee hasshall have authority to adopt, amend and repeal such administrative rules, guidelines and practices relating to the authority toPlan as it shall deem advisable. The Committee may construe and interpret the Plan, to make rulesterms of general application relatingthe Plan and any award agreements entered into under the Plan. The Committee may correct any defect, supply any omission or reconcile any inconsistency in the Plan or any award agreement in the manner and to the Plan, to amend outstanding awards pursuant toextent it shall deem expedient and it shall be the Plan,sole and to require of any person receiving an award, at the timefinal judge of such receipt or lapse of restrictions, the execution of any paper or the making of any representation or the giving of any commitment that the Committee shall, in its discretion, deem necessary or advisableexpediency. All decisions by reason of the securities laws of the United States or any State, or the execution of any paper or the payment of any sum of money in respect of taxes or the undertaking to pay or have paid any such sum that the Committee shall be made in its discretion, deem necessary by reason of the Internal Revenue CodeCommittees sole discretion and shall be final and binding on all persons having or claiming any ruleinterest in the Plan or regulation thereunder, or by reason of the tax laws ofin any State.award agreement.
Administration of Plan. The Plan is administered by the Committee appointed by the Company’s Board of Directors. The Committee hasPlan will be administered by the Board. The Board shall have authority to grant Awards and to adopt, amend and repeal such administrative rules, guidelines and practices relating to the Plan as it shall deem advisable. The Board may construe and interpret the Plan, to make rulesterms of general application relatingthe Plan and any Award agreements entered into under the Plan. The Board may correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award in the manner and to the Plan,extent it shall deem expedient to amend outstanding awardscarry the Plan into effect and it shall be the sole and final judge of such expediency. All decisions by the Board shall be made in the Boards sole discretion and shall be final and binding on all persons having or claiming any interest in the Plan or in any Award. No director or person acting pursuant to the Plan, andauthority delegated by the Board shall be liable for any action or determination relating to require of any person receiving an award, ator under the time of such receipt or lapse of restrictions, the execution of any paper or the making of any representation or the giving of any commitment that the Committee shall,Plan made in its discretion, deem necessary or advisable by reason of the securities laws of the United States or any State, or the execution of any paper or the payment of any sum of money in respect of taxes or the undertaking to pay or have paid any such sum that the Committee shall in its discretion, deem necessary by reason of the Internal Revenue Code or any rule or regulation thereunder, or by reason of the tax laws of any State.good faith.
Administration of Plan. The Plan isshall be administered by the Committee appointed by the Company’s Board of Directors.Committee. The Committee hasshall have the authority to construeselect the employees to be granted Awards under the Plan, to determine the size and terms of an Award (subject to the limitations imposed on Awards in [Section 5] below), to modify the terms of any Award that has been granted, to determine the time when Awards will be made, the amount of any payments pursuant to such Awards and the Performance Period to which they relate, to determine any employment restrictions on actual receipt of payments pursuant to Awards, to establish performance objectives in respect of such Performance Periods and to determine whether such performance objectives were attained. The Committee is authorized to interpret the Plan, to makeestablish, amend and rescind any rules of general applicationand regulations relating to the Plan, to amend outstanding awards pursuant to the Plan, and to requiremake any other determinations that it deems necessary or desirable for the administration of the Plan. The Committee may correct any person receiving an award, atdefect or omission or reconcile any inconsistency in the time of such receipt or lapse of restrictions,Plan in the execution of any paper ormanner and to the making of any representation or the giving of any commitment thatextent the Committee shall, in its discretion, deemdeems necessary or advisable by reasondesirable. Any decision of the securities lawsCommittee in the interpretation and administration of the United States or any State, or the execution of any paper or the payment of any sum of money in respect of taxes or the undertaking to pay or have paid any such sum thatPlan, as described herein, shall lie within its sole and absolute discretion and shall be final, conclusive and binding on all parties concerned. Determinations made by the Committee shall in its discretion, deem necessary by reason ofunder the Internal Revenue CodePlan need not be uniform and may be made selectively among Participants, whether or any rule or regulation thereunder, or by reason of the tax laws of any State.not such Participants are similarly situated.
Administration of Plan. The Plan is administered by the Committee appointed by the Company’s Board of Directors. The Committee hasPlan will be administered by the Board. The Board shall have authority to grant Awards and to adopt, amend and repeal such administrative rules, guidelines and practices relating to the Plan as it shall deem advisable. The Board may construe and interpret the Plan, to make rulesterms of general application relatingthe Plan and any Award agreements entered into under the Plan. The Board may correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award in the manner and to the Plan, to amend outstanding awards pursuantextent it shall deem expedient and it shall be the sole and final judge of such expediency. All decisions by the Board with respect to the Plan,Plan and to require of any person receiving an award, atAwards shall be made in the time of such receiptBoard’s sole discretion and shall be final and binding on all persons having or lapse of restrictions,claiming any interest in the execution ofPlan or in any paper or the making of any representation or the giving of any commitment that the Committee shall, in its discretion, deem necessary or advisable by reason of the securities laws of the United States or any State, or the execution of any paper or the payment of any sum of money in respect of taxes or the undertaking to pay or have paid any such sum that the Committee shall in its discretion, deem necessary by reason of the Internal Revenue Code or any rule or regulation thereunder, or by reason of the tax laws of any State.Award.
Administration of Plan. The Plan isshall be administered by the Committee. The Committee appointedshall have full power and authority, subject to the provisions of the Plan and subject to such orders or resolutions not inconsistent with the provisions of the Plan as may from time to time be adopted by the Company’s BoardBoard, to: # select the Employees and Directors to whom Awards may from time to time be granted hereunder; # determine the type or types of Directors. The Committee hasAwards, not inconsistent with the authority to construe and interpretprovisions of the Plan, to make rulesbe granted to each Participant hereunder; # determine the number of general application relatingShares to be covered by each Award granted hereunder; # determine the Plan, to amend outstanding awards pursuant to the Plan,terms and to require of any person receiving an award, at the time of such receipt or lapse of restrictions, the execution of any paper or the making of any representation or the giving of any commitment that the Committee shall, in its discretion, deem necessary or advisable by reason of the securities laws of the United States or any State, or the execution of any paper or the payment of any sum of money in respect of taxes or the undertaking to pay or have paid any such sum that the Committee shall in its discretion, deem necessary by reason of the Internal Revenue Code or any rule or regulation thereunder, or by reason of the tax laws of any State.conditions, not
AdministrationThe Committee shall have the authority, from time to time and to the extent consistent with Plan terms, to adopt, alter, change and repeal such rules, regulations, guidelines and practices governing the Plan as it shall deem advisable; to interpret the terms and provisions of the Plan and any Award issued under the Plan (and any Award Agreement relating thereto); to direct employees of the Company or other advisors to prepare such materials or perform such analyses as the Committee deems necessary or appropriate; and otherwise to supervise the administration of the Plan. The Plan is administered by the Committee appointed bymay consult with the Company’s Board of Directors. The Committee has the authority to construemanagement and interpret the Plan, to make rules of general application relating to the Plan, to amend outstanding awards pursuant to the Plan,retain consultants and to require of any person receiving an award, at the time of such receipt or lapse of restrictions, the execution of any paper or the making of any representation or the giving of any commitment that the Committee shall, in its discretion, deem necessary or advisable by reason of the securities laws of the United States or any State, or the execution of any paper or the payment of any sum of money in respect of taxes or the undertaking to pay or have paid any such sum that the Committee shall in its discretion, deem necessary by reason of the Internal Revenue Code or any rule or regulation thereunder, or by reason of the tax laws of any State.advisors.
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