Examples of Merck Board in a sentence
To the maximum extent permitted by Treasury Regulations Section 1.409A-1(h)(4), a member of the Merck Board who no longer serves on the Merck Board immediately following the Distribution Date shall be considered to have undergone a “separation from service” for purposes of Code Section 409A and the Merck Directors’ DCP.
From and after the Distribution Date, each person who no longer serves on the Merck Board, as of immediately following the Distribution Date, shall not accrue any additional benefits under the Merck Directors’ DCP.
XIV, § 14.1.) Members of the MPIC were appointed by the Merck Board of Directors’ Compensation and Benefits Committee (“CBC”).
The Merck Board shall have approved the Distribution and shall have not determined that any events or developments shall have occurred that make it inadvisable to effect the Distribution.
The conditions are for the sole benefit of Merck and shall not give rise to or create any duty on the part of Merck or the Merck Board to waive or not waive any such condition.
Any determination made by the Merck Board prior to the Notes Offering Closing concerning the satisfaction or waiver of any or all of the conditions set forth in this Section 1.6 shall be conclusive.
Note, Gilmartin and Scolnick were also members of Merck’s Board of Directors during the Class Period, making them also Merck Board Defendants.
The Program is administered by the Compensation and Benefits Committee (“Committee”) of the Merck Board of Directors.
Mr. Horan held a variety of positions with Merck from 1952 until his retirement from the Merck Board in 1993.
The foregoing conditions are for the sole benefit of Merck and shall not give rise to or create any duty on the part of Merck or the Merck Board to waive or not waive such conditions or in any way limit Merck's right to terminate this Agreement as set forth in Section 4.3 or alter the consequences of any such termination from those specified in such Section.