Stock Option Committee definition

Stock Option Committee or "Committee" means the committee appointed by the Board as described under Section 16.

Stock Option Committee means the Compensation Committee of the Company, unless the Board strikes a separate committee, and in the absence of an empowered committee shall mean the Board.

Stock Option Committee means the Stock Option Committee appointed by the Board. Prior to the appointment of such a committee, the Board shall be deemed the Stock Option Committee.

Examples of Stock 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 Stock Option Committee

Stock Option Committee means the committee administering the Plan, pursuant to Article III hereof.

Stock Option Committee means a committee of three or more members appointed by the Chief Executive Officer of the Company to administer the Non-Insider Program, each of whom is ineligible to receive grants or awards under the Non-Insider Program, and has been so ineligible for at least one year.

Stock Option Committee means the Audit and Special Compensation Committee, which is a committee of the Board whose members are appointed by the Board from time to time. All of the members of the Stock Option Committee, which may not be less than two, are intended at all times to qualify as "outside directors" within the meaning of Section 162(m) of the Code and as "Non-Employee Directors" within the meaning of Rule 16b-3; provided, however, that the failure of a member of such committee to so -------- ------- qualify will not invalidate any Stock Option granted by such committee.

Stock Option Committee means such Board committee as may be designated by the Board to administer the Plan.

Stock Option Committee means the committee appointed to administer the Plan pursuant to Article 7 herein, if such committee is appointed.

Stock Option Committee means the Board, as defined in Section 2.1.

Stock Option Committee means the stock option committee appointed by the Board to grant and administer Options granted under Section 4.