The Compensation Committee definition
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. (the “Committee”) of the Company’s Board of Directors (the “Board”) believes that it is in the best interests of the Company and its stockholders (i) to assure that the Company will have the continued dedication and objectivity of Executive, notwithstanding the possibility, threat, or occurrence of a Change in Control and (ii) to provide Executive with an incentive to continue Executive’s employment prior to a Change in Control and to motivate Executive to maximize the value of the Company upon a Change in Control for the benefit of its stockholders.
Examples of The Compensation Committee in a sentence
The Compensation Committee shall establish objective criteria to be used to determine the extent to which performance goals have been satisfied.
The Compensation Committee of the Board shall have full and plenary discretion with respect to any actions to be taken or determinations to be made in connection with this Award Agreement, and its determinations shall be final, binding and conclusive.
The Compensation Committee of the Board (the “Compensation Committee”) will review the Executive’s rate of Base Salary on an annual basis and may, in its sole discretion, increase (but not decrease) the rate then in effect.
The Compensation Committee may delegate its interpretive authority to an officer or officers of the Company.
The Compensation Committee shall have the full authority to determine any other terms and provisions of such a loan.
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 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.
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 or (B) Executive's death, in
(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, 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 MULTIPLIED BY the Partial Year Fraction in respect of the Fiscal Year in which such death 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 Paragraph 5(b)(i).
(v) Notwithstanding the provisions of Paragraph 5(b)(i) or of any Stock Option Agreement between the Company and Executive relating to the period during which Options may be exercised, if one of the events described in Par...
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 has granted to the Executive, effective on the Commencement Date, options to purchase 250,000 shares of the common stock of the Company at an exercise price equal to the fair market value at the time of grant. Subject to the terms of this Agreement as to the acceleration of vesting of stock options, such options shall vest as follows: First Anniversary of the Commencement Date 33-1/3% vested Second Anniversary of the Commencement Date 66-2/3% vested Third Anniversary of the Commencement Date 100% vested Such options shall be exercisable, subject to vesting and continued service, for ten (10) years from the date of grant and in all other respects shall be subject to the terms and conditions of the Incentive Plan.