Discretionary power definition

Discretionary power means the authority, which provides an administrative agency or official with some degree of latitude in regard to choosing the most reasonable decision among several decisions in compliance with public and private interests.
Sample 1Sample 2Sample 3
Discretionary power also means Stockholder's ability to take any of the actions specified in the preceding sentence with respect to shares of Common Stock held by an Affiliate or Associate of Stockholder without the prior consent from such Affiliate or Associate to take such action or actions.
Sample 1
Discretionary power means the ability of Stockholder (or Affiliates or Associates of Stockholder for which Stockholder may exercise voting or other discretionary authority), on behalf of its client, to (a) purchase or sell shares of Common Stock, (b) vote shares of Common Stock on any matter or proposal submitted to a vote of the Company's stockholders or (c) participate in any actions set forth in Section 5.1(a) hereof with respect to such shares, without the prior consent from such client to do any of the foregoing. "Discretionary Power" also means Stockholder's ability to take any of the actions specified in the preceding sentence with respect to shares of Common Stock held by an Affiliate or Associate of Stockholder without the prior consent from such Affiliate or Associate to take such action or actions.
Sample 1

Examples of Discretionary power in a sentence

  • Discretionary Power of the Pension Committee The Pension Committee reserves the right to change from time to time the procedures used in valuing the Accounts or crediting or debiting the Accounts if it determines, after due deliberation and upon the advise of counsel and/or the current recordkeeper, that such an action is justified in that it results in a more accurate reflection of the fair market value of the Accounts.

  • Discretionary Power of the Pension Committee The Pension Committee reserves the right to change from time to time the procedures used in valuing any one or more of the Accounts or crediting or debiting any one or more of the Accounts if it determines, after due deliberation and upon the advise of counsel and/or the current recordkeeper, that such an action is justified in that it results in a more accurate reflection of the fair market value of the Accounts.

  • An Employer may purchase insurance for all Welfare Plan fiduciaries employed by an Employer, and for all persons who are employees, officers, or agents of an Employer, to cover the potential liability of those persons with respect to their actions and lack of actions concerning the Welfare Plan other than with respect to willful misconduct.8.6. Discretionary Power of Plan Administrator.


More Definitions of Discretionary power

Discretionary power means the discretionary power provided to the Minister for Health and Aged Care under subsection 90A(2) of the Act;
Sample 1

Related to Discretionary power

  • discretionary use means the use of land or a building provided for in this Bylaw for which a development permit may be issued upon an application having been made;

  • Discretionary Sale The meaning specified in Section 2.14(c).

  • Discretionary Account means a Personal Account in which you have completely turned over decision-making authority to a professional money manager (who is not a Family Member or not otherwise covered by this Code) and you have no direct or indirect influence or control over the account. (Such Discretionary Accounts are often referred to as “professionally managed,” “controlled” or “managed” accounts.)

  • Discretionary Portfolio Management Services means the portfolio management services rendered to the Client by the Portfolio Manager on the terms and conditions contained in the agreement, where under the Portfolio Manager exercises any degree of discretion in the investments or management of assets of the Client.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Administrative Committee means the committee in charge of Plan administration, as described in Article VII.

  • Nonelective Contribution means an amount contributed by a participating

  • Non-Discretionary Portfolio Management Services means a portfolio management services under which the Portfolio Manager, subject to express prior instructions issued by the Client from time to time in writing, for an agreed fee structure and for a definite described period, invests in respect of the Client’s account in any type of security entirely at the Client’s risk and ensure that all benefits accrue to the Client’s Portfolio.

  • Solar Power means power generated from the Solar Photovoltaic Power Project;

  • Subcommittee means a subcommittee designated by the Operating Committee pursuant to the CAT NMS Plan.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Power Pool means the scheme operated by the Independent System Operator under the Act for exchange of Energy and financial settlement for the exchange of Energy;

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Matching Contribution means an employer contribution made to this or any other defined contribution plan on behalf of a participant on account of an Employee Contribution made by such participant, or on account of a participant's Elective Deferral, under a plan maintained by the employer.