Examples of Applicable Committee in a sentence
Notwithstanding the preceding, (a) the number of Shares subject to this option always shall be a whole number, and (b) if the Applicable Committee determines that the delivery of securities or other property (other than Shares) from any such adjustment would create an undue burden or expense, the Employee (or beneficiary) instead shall receive a lump sum cash payment equal to the fair market value (as determined by the Applicable Committee) of such securities or other property.
The Applicable Committee in its discretion may prescribe conditions for the incremental lapse of the preceding restrictions during the Limitation Period, and for the lapse or termination of such restrictions upon the occurrence of certain events before the expiration of the Limitation Period.
Each Incentive Award granted under the Plan may contain such other terms and conditions not inconsistent with the Plan as may be determined by the Applicable Committee, in its sole discretion.
The Applicable Committee may require that the certificates evidencing the grant of a Restricted Share Award hereunder be held in escrow until such restrictions have expired.
Each Option granted under the Plan shall be exercisable, in whole or in part, at any time and from time to time over a period commencing on or after the Grant Date and ending upon the expiration or termination of the Option, as the Applicable Committee shall determine and set forth in the Share Option Agreement relating to such Option.
All Options granted pursuant to the Plan shall be evidenced by Share Option Agreements, to be executed by the Granting Employer and by the Optionee, in such form or forms as the Applicable Committee shall from time to time determine.
Written copies of such proposed publications and presentations shall be submitted to the Applicable Committee no later than sixty (60) days before submission for publication or presentation and the Applicable Committee shall provide its comments with respect to such publications and presentations within ten (10) Business Days of its receipt of such written copy.
Subject to the terms and conditions of the Plan, the Company Committee and the Management Company Committee may from time to time grant to such eligible individuals as the Applicable Committee may determine, Options to purchase such number of Shares on such terms and conditions as the Applicable Committee may determine, including any terms or conditions which may be necessary to qualify such Options as Incentive Share Options.
The restrictions applicable to a Restricted Share or Share Unit Award shall lapse upon the earliest of the following: (1) the expiration of the Limitation Period applicable to the Restricted Share or Share Unit Award; (2) the occurrence of an event prescribed by the Applicable Committee which results in the lapse of the restrictions; or (3) such other time as the Applicable Committee may determine.
Whether a leave of absence or leave on military or government service shall constitute a termination of employment for purposes of the Plan, shall be determined by the Applicable Committee, which determination shall be final and conclusive.