Examples of Holding Board in a sentence
The Company or other payor is authorized to withhold from any benefit provided or payment due hereunder, the amount of withholding taxes due any federal, state or local authority in respect of such benefit or payment and to take such other action as may be necessary in the opinion of the Holding Board to satisfy all obligations for the payment of such withholding taxes.
Each year during the Term, the Holding Board will conduct a review of Executive’s Base Salary and, in its sole discretion, may increase Executive’s Base Salary.
The Holding Board shall review the Base Salary no less frequently than annually during the Term of Employment; provided, however, that the Base Salary shall not be decreased during the Term of Employment below the amount set forth above without the Executive’s consent (including, without limitation, for the purpose of determining benefits due under Section 9).
The Executive shall be eligible for other or additional long-term incentives in the discretion of the Holding Board (or a committee of the Holding Board).
The Executive’s target bonus for achieving target EBITDA, as approved by the Holding Board, will be 45% of Base Salary and the Executive will receive a minimum bonus for achieving minimum EBITDA, as approved by the Holding Board.
During the Employment Term, the Executive will have such authority and responsibilities and will perform such executive duties as are customarily performed by the chief executive officer of businesses similar to those of the Company or assigned to Executive by the Holding Board.
The Executive’s target bonus for achieving target EBITDA, as approved by the Holding Board, will be 35% of Base Salary and the Executive will receive a minimum bonus for achieving minimum EBITDA, as approved by the Holding Board.
During the Employment Term, the Executive will serve in the capacity of Chairman of the Board of Directors and Chief Executive Officer of Holding and the Company and shall serve as a member of the Holding Board and the Board.
The Executive’s target, as approved by the Holding Board, will be 45% of Base Salary (“Target Bonus”), and the Executive will receive a minimum bonus for achieving minimum company performance thresholds, as approved by the Holding Board.
The Committee, as a committee of Itau Holding Board of Directors ("Board of Directors"), shall have a minimum of three and a maximum of five members, appointed annually by the Board of Directors among its peers.