Cyclacel Group’s Remuneration Sample Clauses

Cyclacel Group’s Remuneration. Committee shall make key decisions upon the levels of employee and executive remuneration and other benefits (including any awards of share options) in accordance with the terms of reference adopted at the date of the Reorganisation Agreement in substantially the same form as the terms of reference of the Company’s remuneration committee in force at the date of the Reorganisation Agreement. The Remuneration Committee shall comprise the chairman of the Cyclacel Group Board from time to time and each of the Shareholder Directors. 15.2 Cyclacel Group’s Audit Committee shall make decisions in accordance with the terms of reference adopted at the date of the Reorganisation Agreement in substantially the same form as the terms of reference of the Company’s audit committee in force at the date of the Reorganisation Agreement and shall comprise the chairman of the Cyclacel Group Board from time to time and each of the Shareholder Directors and at least one other non-executive Director. 15.3 Cyclacel Group’s Nominations Committee shall make decisions in accordance with the terms of reference adopted at the date of the Reorganisation Agreement in substantially the same form as the terms of reference of the Company’s nominations committee in force at the date of the Reorganisation Agreement and shall comprise the chairman of the Cyclacel Group Board from time to time and each of the Shareholder Directors and Cyclacel Group’s chief executive. 15.4 Any decision as to any change in the remuneration of the chairman must be approved by a majority of the non-executive Directors of Cyclacel Group.