Committee Powers. Subject to compliance with Section 409A, the Committee (in its sole discretion) may permit or require a Participant to:
Committee Powers. The Committee may subject the Award Shares to such conditions, limitations or restrictions as the Committee determines to be necessary or desirable to comply with any law or regulation or with the requirements of any securities exchange. At any time during the Restrictive Period, the Committee may reduce or terminate the Restrictive Period otherwise applicable to all or any portion of the Award Shares.
Committee Powers. No provision contained in this Agreement shall in any way terminate, modify or alter, or be construed or interpreted as terminating, modifying or altering any of the powers, rights or authority vested in the Committee or, to the extent delegated, in its delegate pursuant to the terms of the Plan or resolutions adopted in furtherance of the Plan, including, without limitation, the right to make certain determinations and elections with respect to the Options. All decisions of the Committee (as established pursuant to the Plan) with respect to any questions concerning the application, administration or interpretation of the Plan will be conclusive and binding on the Company and Optionee.
Committee Powers. These Terms of Reference do not give the Committee the power to take any action which abrogates or has the effect of abrogating the authority of the Board to make any decision affecting the Company, without the consent of: • if Olive HoldCo’s equity proportion (as defined in the Articles) is at least 15 per cent., at least one director nominated by Olive HoldCo; and • If Red’s equity proportion (as defined in the Articles) is at least 10 per cent., at least one director nominated by Red.
Committee Powers. Subject to the express terms and conditions set forth herein, the Committee shall have the power from time to time to:
Committee Powers. The Committee shall have all powers necessary or appropriate to carry out its duties hereunder, including, but not limited to, the power to:
Committee Powers. The Committee shall have the specific powers ---------------- elsewhere herein granted to it and shall have such other powers as may be necessary in order to enable it to discharge its responsibilities with respect to this Plan, including, but not by way of limitation, the following:
Committee Powers. These Terms of Reference do not give the Committee the power to take any action which abrogates or has the effect of abrogating the authority of the Board to make any decision affecting the Company, without the consent of: • if Xxxxx XxxxXx’s equity proportion (as defined in the Articles) is at least 15 per cent., at least one director nominated by Xxxxx XxxxXx; and • If Red’s equity proportion (as defined in the Articles) is at least 10 per cent., at least one director nominated by Red.
Committee Powers. The Committee shall be deemed to have and to be exercising all of the powers of the Board in the performance of any of the powers and duties delegated to it under the Plan, including, but without limiting the generality of the foregoing, the selection of Participants. The Committee may from time to time establish rules for the administration of the Plan which are not inconsistent with the provisions and purposes of the Plan.
Committee Powers. Subject to compliance with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), the Committee (in its sole discretion) may permit or require you to (a) have cash that otherwise would be paid to you as a result of the settlement of Stock Units credited to a deferred compensation account established for you by the Committee as an entry on the Company’s books, or (b) have Shares that otherwise would be delivered to you as a result of the settlement of Stock Units converted into amounts credited to a deferred compensation account established for you by the Committee as an entry on the Company’s books. Such amounts shall be determined by reference to the Fair Market Value of such Shares as of the date when they otherwise would have been delivered to you. A deferred compensation account established hereunder may be credited with interest or other forms of investment return, as determined by the Committee. If an account is established for you, you shall have no rights other than those of a general creditor of the Company. Such an account shall represent an unfunded and unsecured obligation of the Company.
