CNG Committee definition
Examples of CNG Committee in a sentence
The Company shall compensate the Executive for any lost wages (or, if the Executive is not then employed, provide reasonable compensation as determined by the CNG Committee) and reimburse the Executive’s reasonable expenses associated with such cooperation and assistance.
Any such discretionary bonus may be payable in cash and/or in the form of an equity grant with or without vesting conditions, in each case as determined by the Bank’s Board of Directors or the CNG Committee in its sole and absolute discretion.
The terms and conditions of the Equity Incentives set forth in this Section 3.2 shall be consistent with the terms and conditions of the Equity Incentive Agreements as approved by the CNG Committee as the plan administrator for the 2012 Omnibus Plan (the “Equity Incentive Agreements”).
The CNG Committee shall have the discretion to take any actions to unilaterally modify the grant of the Options or to modify any exercise election by the Optionee in order to comply with Section 409A of the Code.
EXECUTIVE By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇ Title: Chair, Compensation, Nominating and Governance Committee The Performance-Based Stock Units described in Section 6 of the Amendment shall vest in two tranches according to the following schedule: Regulatory approval of a Company compound as set forth in votes of the CNG Committee relating thereto (the “Clinical Development Target”).
The CN&G Committee may process such a grievance through all levels of the grievance procedure even though the aggrieved person does not wish to do so.
If the aggrieved person is not satisfied with the disposition of his/her grievance at Level Three or if no decision has been rendered within ten (10) school days after he/she has first met with the Sub-Committee, he/she may, within five (5) school days after the decision by the School Committee or fifteen (15) school days after he/she has first met with the Sub- Committee, whichever is sooner, request in writing of the Chairman of the CN&G Committee to submit his/her grievance to arbitration.
If a teacher does not file a grievance in writing with the Chairman of the CN&G Committee and the written grievance is not forwarded to the Superintendent within thirty (30) school days after the teacher knew or should have known of the act or condition on which the grievance is based, then the grievance will be considered as waived.
If, in the judgment of the CN&G Committee, a grievance affects a group or class of teachers, the CN&G Committee may submit such grievance in writing to the Superintendent directly and the processing of such grievance will be commenced at Level Two.
Any income or gain realized pursuant to this Agreement shall constitute a special incentive payment to the Participant and shall not be taken into account, to the extent permissible under applicable law, as compensation for purposes of any of the employee benefit plans of the Company or any subsidiary except as may be determined by the CNG Committee or by the Board or board of directors of the applicable subsidiary.