Committee Powers Sample Clauses
The Committee Powers clause defines the authority and responsibilities granted to a designated committee within an organization or agreement. Typically, this clause outlines the specific actions the committee can take, such as making decisions on certain matters, approving expenditures, or overseeing compliance with the agreement's terms. For example, a committee may be empowered to approve budgets, resolve disputes, or implement policy changes. The core function of this clause is to clearly allocate decision-making authority, ensuring efficient governance and preventing ambiguity about who is responsible for key actions.
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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. Subject to compliance with Section 409A of the Code, the Committee (in its sole discretion) may permit or require a Participant to:
(i) Have cash that otherwise would be paid to such Participant as a result of the exercise of a SAR or the settlement of Stock Units credited to a deferred compensation account established for such Participant by the Committee as an entry on the Company’s books;
(ii) Have Shares that otherwise would be delivered to such Participant as a result of the exercise of an Option or SAR converted into an equal number of Stock Units; or
(iii) Have Shares that otherwise would be delivered to such Participant as a result of the exercise of an Option or SAR or the settlement of Stock Units converted into amounts credited to a deferred compensation account established for such Participant 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 such Participant.
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. 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 ▇▇▇▇▇ ▇▇▇▇▇▇’s equity proportion (as defined in the Articles) is at least 15 per cent., at least one director nominated by ▇▇▇▇▇ ▇▇▇▇▇▇; and • if Red’s equity proportion (as defined in the Articles) is at least 10 per cent., at least one director nominated by ▇▇▇.
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. 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 compliance with Section 409A, to the extent applicable, the Committee (in its sole discretion) may permit or require a Participant to:
(i) Have cash that otherwise would be paid to such Participant as a result of the exercise of a SAR or the settlement of Share Units credited to a deferred compensation account established for such Participant by the Committee as an entry on the Company’s books;
(ii) Have Ordinary Shares that otherwise would be delivered to such Participant as a result of the exercise of an Option or SAR converted into an equal number of Share Units; or
(iii) Have Ordinary Shares that otherwise would be delivered to such Participant as a result of the exercise of an Option or SAR or the settlement of Share Units converted into amounts credited to a deferred compensation account established for such Participant 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 Ordinary Shares as of the date when they otherwise would have been delivered to such Participant.
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:
(a) Determine all questions affecting the eligibility of any Employee to participate herein;
(b) Compute the amount of benefits payable hereunder to any Participant or Designated Beneficiary;
(c) Make rules and regulations for the implementation, administration and interpretation of the Plan, which are not inconsistent with the terms and provisions of the Plan. Such rules and regulations as are adopted by the Committee shall be binding upon any persons having an interest in or under the Plan. In carrying out its duties herein, the Committee shall have discretionary authority to exercise all powers and to make all determinations, consistent with the terms of the Plan, in all matters entrusted to it, and its determinations shall be given deference and shall be final and binding on all interested parties.
Committee Powers. The Health Benefit Program Committee shall be a fiduciary under ERISA with respect to its responsibilities hereunder. The Health Benefit Program Committee shall have the powers, rights and duties set forth herein and the following additional powers, rights and duties consistent with its rights and obligations under this Exhibit A:
Committee Powers. 17 3.03. Proceedings..................................................... 19 3.04. Quorum and Manner of Acting..................................... 19 3.05. Action by Telephonic Communications............................. 19 3.06. Resignations.................................................... 19 3.07. Removal......................................................... 20 3.08. Vacancies....................................................... 20 ARTICLE IV OFFICERS