P&C Committee definition

P&C Committee means the Personnel and Compensation Committee of the Board, as from time to time constituted, or any successor committee of the Board with similar functions, which shall consist of three or more members, each of whom shall be a Non-Employee Director and an outside director as defined in the regulations issued under Section 162(m) of the Code, or its designee.
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P&C Committee means the Personnel and Compensation Committee of the Board, as from time to time constituted, or any successor committee of the Board with similar functions, which shall consist of three or more members, each of whom shall be a “non-employee director” within the meaning of Rule 16b-3 issued under the Exchange Act, an “outside director” within the meaning of the regulations issued under Section 162(m) of the Code and an “independent director” within the meaning of the applicable rules of the New York Stock Exchange or any other securities exchange upon which the Company’s Common Stock is listed, or such committee’s delegate.
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P&C Committee means the Personnel & Compensation Committee of the Board.
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Examples of P&C Committee in a sentence

  • Notwithstanding the foregoing, the P&C Committee may, in its sole discretion, provide for accelerated vesting of the Award at any time and for any reason.

  • All actions taken and all interpretations and determinations made by the P&C Committee in good faith shall be final and binding upon the Grantee, the Company and all other interested persons.

  • This Agreement may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the P&C Committee or the Board; provided, however, that no amendment, modification, suspension or termination of this Agreement shall adversely affect the Restricted Stock in any material way without the prior written consent of the Grantee.

  • The Grantee shall, if required by the Company, concurrently with the issuance of any securities hereunder, make such written representations as are deemed necessary or appropriate by the P&C Committee and/or the Company’s counsel.

  • The P&C Committee shall have full power and authority to take all actions and to make all determinations required or provided for under this Agreement, and shall have full power and authority to take all such other actions and make all such other determinations not inconsistent with the specific terms and provisions of this Agreement that the P&C Committee deems to be necessary or appropriate to the administration of this Agreement.

  • During the Employment Period, the Annual Base Salary shall be reviewed for possible increase at least annually, with any increase being at the sole discretion of the Board or the P&C Committee.

  • The PC Committee may be convened on an “as needed” basis at the request of BANC or PC Participants.

  • Notwithstanding anything in this Agreement to the contrary, the P&C Committee may, in its sole discretion, provide for accelerated vesting of the Award at any time and for any reason.

  • Based on such reviews, the P&C Committee in its discretion may increase the Executive's base salary following the occurrence of the Compensation Review Date, and such increased amount shall thereafter constitute the Executive's "base salary" for all purposes under this Agreement.

  • Notwithstanding any other provision of this Agreement, the P&C Committee of Ashland (or the board of directors of the Successor or the appropriate committee thereof, as applicable) or the Acquiror may, in its sole discretion, provide for accelerated vesting of the Award at any time and for any reason.