Executive and Other Committees. The Board of Directors may, by resolution passed by a majority of the whole Board, appoint three or more members of the Board as an executive committee to exercise all powers and authorities of the Board in management of the business and affairs of the corporation, provided, however, that such committee shall not have power or authority to:
Appears in 2 contracts
Samples: Agreement and Plan of Merger (TCF Financial Corp), Agreement and Plan of Merger (Chemical Financial Corp)
Executive and Other Committees. The Board of Directors mayDirectors, by resolution passed adopted by a majority of the whole Boardfull Board of Directors, appoint three may designate from among its members an Executive Committee and one or more members other committees each of which, to the extent provided in such resolution, shall have and may exercise all the authority of the Board as an executive committee to exercise all powers and authorities of the Board in management of the business and affairs of the corporationDirectors, provided, however, except that such no committee shall not have power or the authority to:
Appears in 2 contracts
Samples: Display Technologies Inc, Old Florida Bankshares Inc
