Option Committee definition

Option Committee means the Committee selected and designated by the Board of Directors to administer the Plan, consisting of not less than two (2) members of the Board of Directors.

Option Committee means the Board or any of its committees, as applicable, that is administering the Plan pursuant to Section 4 of the Plan.

Option Committee means the Committee selected and designated by the Board of Directors to administer the 2019 Plan, consisting of not less than one (1) member of the Board of Directors. In the event the Board has not established an Option Committee, the functions will be performed by the Board.

Examples of Option Committee in a sentence

• All determinations of the Stock Option Committee will be made by the majority vote of the members constituting the quorum.

• The Board may from time to time remove members from or add members to the Stock Option Committee.

• The members may participate in a meeting of the Stock Option Committee by conference telephone or similar communications equipment by means of which all members participating in the meeting can hear each other.

• Any decision or determination reduced to writing and signed by all members of the Stock Option Committee will be effective as if it had been made by a majority vote of all members of the Stock Option Committee at a meeting which is duly called and held.

• The Board or the Stock Option Committee shall follow the procedures prescribed for it elsewhere in this Plan.

More Definitions of Option Committee

Option Committee. The Plan shall be administered by the Option Committee which shall consist of the Board or a committee of the Board as the Board may time to time designate.

Option Committee means the committee responsible for administering the Plan pursuant to the authority set forth in Section 3 hereof. The Compensation Committee of the Board of Directors shall serve as the Option Committee .

Option Committee means the committee chosen by the Board of the Company to administer the Plan;

Option Committee means the Committee selected and designated by the Board of Directors to administer the Plan, consisting of not less than two (2) members of the Board of Directors and if there is only one member of the Board of Directors, then such member.

Option Committee means the Option Committee appointed by the

Option Committee means a duly appointed committee of the Directors comprising Directors who:

Option Committee means a committee of one or more members of the Board (who need not be members of the Committee) to whom the Committee may delegate authority to grant Awards to Participants who are not Reporting Persons.