The Compensation Committee of the Board (the "Compensation Committee") shall review Executive's performance on an annual basis and may increase the Executive's Base Salary, in its sole discretion, as it deems appropriate.
The Compensation Committee means a Committee established by the Board of Directors that is authorized to, among other things, establish and maintain the Plan.
The Compensation Committee of the Board (the "Committee") will review Executive's Base Salary on an annual basis, and the Committee, upon such review and in its sole discretion, may increase or decrease the Base Salary by an amount which the Committee deems appropriate in light of the Company's and Executive's performance during the period covered by such review; provided, however, that the Base Salary will not be reduced below $150,000 per annum. The Base Salary will be payable to Executive in accordance with the Company's standard payroll practices.
Examples of The Compensation Committee in a sentence
The Compensation Committee shall have the sole discretion and authority to administer and interpret the Incentive Plan.
The Compensation Committee shall establish a target bonus opportunity for each Covered Executive for each performance period.
The Compensation Committee shall meet at such times as it deems necessary to fulfill its responsibilities, but not less frequently than annually.
The Compensation Committee shall report its minutes from each meeting to the Board.A majority of the members of the Compensation Committee may establish, consistent with the requirements of this Charter, such rules as may from time to time be necessary or appropriate for the conduct of the business of the Compensation Committee.
The Compensation Committee shall consist of at least three members of the Board.
More Definitions of The Compensation Committee
The Compensation Committee or ‘CC’ means a Human Resource and Remuneration Committee appointed by the Board. Subject to regulation 7(1)(ii), the initial CC shall comprise of the following three non-executive Directors of the Company where Chairman is an Independent Director:
The Compensation Committee has determined that the following provisions shall apply to the grant of the Options, in addition to or in substitution for the provisions of the Plan:
(i) Except as otherwise provided in this Agreement, (A) the Options granted to Executive as of March 9, 1995 (the "1995 Options") shall expire on March 9, 2005, and shall not be exercisable thereafter, and (B) Executive may exercise, and shall have the irrevocable and nonforfeitable right to exercise, the 1995 Options to the extent not previously exercised and thereby purchase any number of Shares up to but not in excess of the cumulative number of Shares set forth below on or after the corresponding dates: - 337,500 Shares on or after January 27, 1996; - 675,000 Shares on or after January 25, 1997; and - 1,012,500 Shares on or after January 24, 1998.
(ii) In the event of the cessation of Executive's employment with the Company for Cause prior to the end of the term of this Agreement (subject to the provisions of Paragraph 2(c)), any unexercised Options shall terminate and be of no further force or effect simultaneously with such cessation; otherwise, the Options and Executive's right to exercise the Options shall not be affected by the cessation of his employment with the Company for any reason except as expressly provided in this Agreement or in the Plan.
(iii) In the event of the cessation of Executive's employment with the Company for any reason other than (A) Cause, (B) Executive's death, or (C) Permanent Disability, in addition to any other Options which Executive is then entitled to exercise hereunder, prior to any of the dates referred to in Paragraph 5(b)
(i) Executive shall be entitled to exercise all of the Options. In the event of the cessation of Executive's employment with the Company as a result of his death or Permanent Disability, in addition to any other Options which Executive is then entitled to exercise hereunder, prior to any of the dates referred to in Paragraph 5(b)(i) Executive shall be entitled to exercise a number of Options equal to the additional number he would have been eligible to exercise on the next date described in Paragraph 5(b)(i) after Executive's death or Permanent Disability MULTIPLIED BY the Partial Year Fraction in respect of the Fiscal Year in which such death or Permanent Disability occurred.
(iv) In the event of and in connection with any Change in Control, all of the Options shall be fully and immediately exercisable by Executive, notwithstanding the terms of P...
The Compensation Committee of the Board of Directors (the "Committee") shall review the Base Salary at least annually, and the Base Salary shall be subject to increase (but not to decrease) at the sole discretion of the Committee or the Board.
The Compensation Committee means the Human Resources and Compensation Committee of Coca-Cola Enterprises Inc.
The Compensation Committee s decision in any matter involving the interpretation and application of the SERP shall be final and binding. In the event the Compensation Committee is deciding any issue under the SERP which could affect the form or timing of the payment of deferred compensation under the SERP to a Participant who is a member of the Compensation Committee, then such member shall not vote or otherwise decide on such issue. All questions or interpretations shall be governed by the local laws of the state of Ohio unless specifically pre-empted by ERISA.
The Compensation Committee. (the "Committee") of the Board of Directors of the Company (the "Board") has determined to create certain long-term retention incentives to reward Employee for successful performance with the Company. The Committee has determined that it would be in the best interest of Medaphis and its stockholders if Employee were employed by Medaphis for a term of five years. Employee acknowledges the Company's ownership of its goodwill, and the necessity of the restrictive covenants contained in this Agreement to protect the Company's interest in such material asset.
The Compensation Committee has determined that the following provisions shall apply to the grant of the Options, in addition to or in substitution for the provisions of the Plan: (i) Except as otherwise provided in this Agreement, (A) the Options granted to Executive as of March 9, 1995 (the "1995 Options") shall expire on March 9, 2005, and shall not be exercisable thereafter, and (B) Executive may exercise, and shall have the irrevocable and nonforfeitable right to exercise, the 1995 Options to the extent not previously exercised and thereby purchase any number of Shares up to but not in excess of the cumulative number of Shares set forth below on or after the corresponding dates: * 337,500 Shares on or after January 27, 1996; * 675,000 Shares on or after January 25, 1997; * and 1,012,500 Shares on or after January 24, 1998.