Compensation Committee Review Sample Clauses

Compensation Committee Review. The Board of Directors of XXxxxxxxx.xxx will establish a Compensation Committee. Such Committee will review the compensation packages for all employees and contractors filling senior executive positions and will cause such packages, including salary, cash incentives and performance options, and severance obligations, to be adjusted to industry standards for the technology industry in the Vancouver area.
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Compensation Committee Review. Within 90 days of public quotation or listing of the company’s securities on the OTC Bulletin Board or National Security Exchange the compensation package contemplated by this Agreement (including the severance benefits described in Section 4) will be reviewed by the Compensation Committee and benchmarked against the compensation for chief financial officers of public companies identified by the Compensation Committee to be in the Company’s peer group. The Compensation Committee will determine if any increases in any or all of the individual components of the compensation package are needed based upon peer group analysis and/or amount of money raised in the public financing.
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Compensation Committee Review. The Company agrees that, consistent with its obligations and past actions under its executive compensation policies as set forth in its Annual Report on Form 10-K/A (Amendment No. 1) relating to its fiscal year ended December 31, 2007 and filed with the Securities and Exchange Commission, the Compensation Committee shall continue to periodically (a) review and benchmark Board compensation and propose any changes to Board compensation it deems appropriate as a result of such review, (b) review and benchmark the executive officer compensation and enter into good faith discussions with such executives to propose any changes to such compensation arrangements it deems appropriate as a result of such review and (c) establish criteria and annual targets for management annual incentive compensation.
Sample 1
Compensation Committee Review. The Board of Directors of RTI will establish a Compensation Committee. Such Committee will review the compensation packages for all employees and contractors filling senior executive positions and will cause such packages, including salary, cash incentives and performance options, and severance obligations, to be adjusted to industry standards for the technology industry in the Vancouver area. Such review will be complete by December 31, 1999, and any such adjustments will be effective immediately.
Sample 1
Compensation Committee Review. In addition, the Company is required to review its Benefit Plans to ensure that they do not encourage senior executive officers to take unnecessary and excessive risks that threaten the value of the Company (within the meaning of § 30.9 Q-4 of 31 C.F.R. Part 30). To the extent any such review requires revisions to any Benefit Plan with respect to you, you and the Company agree to negotiate such changes promptly and in good faith and take such action as is necessary to amend such Benefit Plan to eliminate such encouragement, and incentive compensation will be determined pursuant to such amended arrangements.
Sample 1
Compensation Committee Review. The Board of Directors of PCS will establish a Compensation Committee. Such Committee will review the employment packages for all senior executives and will cause such employment packages, including salary, cash incentives and performance options, to be adjusted to industry standards for the technology industry in the Vancouver area. Such review will be complete by December 31, 1999.
Sample 1
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Related to Compensation Committee Review

  • Audit Committee Review Prior to the earlier of the consummation of an initial Business Combination and the Liquidation, the Company’s audit committee will review on a quarterly basis all payments made by the Company to the Sponsor, to the Company’s officers or directors, or to the Company’s or any of such other persons’ respective affiliates.

  • Compensation Committee (A) The Compensation Committee shall be composed of not more than five (5) members who shall be selected by the Board of Directors from its own members who are not officers of the Company and who shall hold office during the pleasure of the Board.

  • Board/Committee Resignation Upon termination of Executive’s employment for any reason, Executive agrees to resign, as of the date of such termination and to the extent applicable, from the Board (and any committees thereof) and the Board of Directors (and any committees thereof) of any of the Company’s affiliates.

  • Transition Committee Prior to the Effective Time, the Parties shall establish a transition committee (the “Transition Committee”) that shall consist of an equal number of members designated by Baxter and Baxalta at all times, with each Party having the right to replace the Transition Committee members delegated by it from time to time and taking such efforts as are necessary from time to time to cause the Transition Committee to consist of an equal number of representatives of Baxter and Baxalta (in a total number determined from time to time by the Parties). The Transition Committee shall be responsible for monitoring and managing all matters related to any of the transactions contemplated by this Agreement or any Ancillary Agreements. The Transition Committee shall have the authority to (a) establish one or more subcommittees from time to time as it deems appropriate or as may be described in any Ancillary Agreements, with each such subcommittee comprised of an equal number of members representing each Party, and each such subcommittee having such scope of responsibility as may be determined by the Transition Committee from time to time; (b) delegate to any such committee any of the powers of the Transition Committee; and (c) to combine, modify the scope of responsibility of, and disband any such subcommittees, and to modify or reverse any such delegations. The Transition Committee shall establish general procedures for managing the responsibilities delegated to it under this Section 2.14, and may modify such procedures from time to time. All decisions by the Transition Committee or any subcommittee thereof shall be effective only with majority approval, and any such approval must include the approval of at least one member of the Transition Committee designated by Baxter and at least one member of the Transition Committee designated by Baxalta. The Parties shall utilize the procedures set forth in Article VII to resolve any matters as to which the Transition Committee is not able to reach a decision.

  • Committee Rules Unless the Board of Directors otherwise provides, each committee designated by the Board of Directors may make, alter and repeal rules for the conduct of its business. In the absence of such rules each committee shall conduct its business in the same manner as the Board of Directors conducts its business pursuant to Article II of these bylaws.

  • Compensation Review The compensation of the Executive will be reviewed not less frequently than annually by the board of directors of the Company.

  • Committee Responsibilities Subject to the provisions of the Plan, the Committee shall have full authority and discretion to take the following actions:

  • Committee Discretion The Committee has full discretion with respect to any actions to be taken or determinations to be made in connection with this Agreement, and its determinations shall be final, binding and conclusive.

  • Board Committees The Director hereby agrees to sit in the relevant committees of the Board and to perform all of the duties, services and responsibilities necessary thereunder.

  • Audit Committee (A) The Audit Committee shall be composed of five members who shall be selected by the Board of Directors from its own members, none of whom shall be an officer of the Company, and shall hold office at the pleasure of the Board.

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