We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of The Compensation Committee Clause in Contracts

The Compensation Committee. The Compensation Committee shall be comprised of two or more members of the Board, all of whom shall be "disinterested persons" as defined in Rule 16b-3 under the Exchange Act and "outside directors" as that term is used in Section 162 of the Code and the regulations promulgated thereunder, but in any event consistent with the Bylaws of the Company and applicable Kansas corporate law.

Appears in 2 contracts

Samples: Stock Purchase Assistance Agreement (Otr Express Inc/Ks), Stock Purchase Assistance Agreement (Otr Express Inc/Ks)

The Compensation Committee. The Compensation Committee shall be comprised of two or more members of the Board, all of whom shall be "disinterested persons" as defined in Rule 16b-3 under the Exchange Act and "outside directors" as that term is used in Section 162 of the Code and the regulations promulgated thereunder, but in any event consistent with the Bylaws of the Company and applicable Kansas corporate law.. b.

Appears in 2 contracts

Samples: Stock Purchase Assistance Agreement (Otr Express Inc/Ks), Stock Purchase Assistance Agreement (Otr Express Inc/Ks)