Organization of Committee. The Chairman of the Committee shall ------------------------- be the Chairman of the Board of Directors. The Committee may adopt such rules as it deems desirable for the conduct of its affairs and for the administration of the Option. The Committee may appoint agents, who need not be members of the Committee, to whom it may delegate such powers as it deems appropriate. The action of a majority of the members of the Committee shall be the action of the Committee.
Appears in 3 contracts
Samples: Stock Option Agreement (American Pacific Corp), Stock Option Agreement (American Pacific Corp), Stock Option Agreement (American Pacific Corp)
Organization of Committee. The Chairman of the Committee shall ------------------------- be the Chairman of the Board of Directors. The Committee may adopt such rules as it deems desirable for the conduct of its affairs and for the administration of the Option. The Committee may appoint agents, who need not be members of the Committee, to whom it may delegate such powers as it deems appropriate. The action of a majority of the members of the Committee shall be the action of the Committee.
Appears in 3 contracts
Samples: Stock Option Agreement (American Pacific Corp), Stock Option Agreement (American Pacific Corp), Stock Option Agreement (American Pacific Corp)
Organization of Committee. The Chairman of the Committee shall ------------------------- be the Chairman of the Board of Directors. The Committee may elect a chairman, and may adopt such rules as it deems desirable for the conduct of its affairs and for the administration of the Option. The Committee may appoint agents, who need not be members of the Committee, to whom it may delegate such powers as it deems appropriate. The action of a majority of the members of the Committee shall be the action of the Committee.
Appears in 1 contract
