Committee Composition. The Plan shall be administered by a Committee appointed by the Board of Directors, or by the Board of Directors acting as the Committee. The Committee shall consist of two or more directors of the Company. In addition, the composition of the Committee shall satisfy such requirements as the Securities and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) under the Exchange Act.
Committee Composition. The Plan shall be administered by a Committee appointed by the Board of Directors,Board, or by the Board of Directors acting as the Committee. The Committee shall consist of two or more directors of the Company. In addition, to the extent required by the Board, the composition of the Committee shall satisfy such requirements as the Nasdaq Stock Market and the Securities and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) under the Exchange Act.
Committee Composition. The Plan shall be administered by a Committee appointed by the Board of Directors, or by the Board of Directors acting as the Committee. The Committee shall consist exclusively of twothree or more directors of the Company.Company, who meet the independence requirements of NASDAQ and the Securities and Exchange Commission and shall be appointed by the Board. In addition, the composition of the Committee shall satisfy such requirements as the Securities and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) under the Exchange Act.satisfy:
Committee Composition. The Plan shall be administered by a Committee appointeddesignated by the Board consisting of Directors, ornot less than three (3) directors who shall be appointed from time to time by the BoardBoard, each of Directors actingwhom shall qualify as a Nonemployee Director. Without limiting the Committee. The Committee shall consist of two or more directorsgenerality of the Company. In addition,foregoing, the compositionCommittee may be the Compensation Committee of the Board or a subcommittee thereof if the Compensation Committee shall satisfyof the Board or such requirements assubcommittee satisfies the Securities and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) under the Exchange Act.foregoing requirements.
Committee Composition. The Plan shall be administered by a Committee appointed by the Board of Directors, or by the Board of Directors acting as the Committee. The Committee shall consist of not less than two or more directors of the Company. In addition,Company, all of whom shall be Non-Employee Directors; provided, however, that, if at any time not all members are Non-Employee Directors, all actions taken by the compositionCommittee shall nonetheless be valid for all purposes other than Section 16 of the Exchange Act, if applicable. Committee members shall be appointed by the Board and shall serve on the Committee at the pleasure of the Board. The functions of the Committee specified in the Plan shall satisfy such requirements asbe exercised by the SecuritiesBoard if and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) under the Exchange Act.extent that no Committee exists which has the authority to so administer the Plan.
Section # The Committee. The Committee Composition. Theshall administer the Plan shall be administered by a Committee appointed byand, subject to the Boardprovisions of Directors, or by the Board of Directors acting as the Committee.Plan and applicable law, may exercise its discretion in performing its administrative duties. The Committee shall consist of two or more directorsnot fewer than three (3) Directors, and Committee action shall require the affirmative vote of the Company. In addition, the compositiona majority of its members. The members of the Committee shall satisfy such requirements asbe appointed by, and shall serve at the Securities and Exchange Commission may establish for administrators acting under plans intended to qualify for exemptionpleasure of, the Board of Directors. The Committee shall be composed solely of Directors who are both # non-employee directors under Rule 16b-3 (or its successor)and # outside directors under the Exchange Act.Code Section 162(m)(3)(C)(ii).
Committee Composition.Procedure. The Plan shall be administered by a Committee appointed by the Board of Directors, or by theCompany’s Board of Directors acting asmay appoint a Committee to administer the Committee.Plan. The Committee shall consist of not less than two or more directorsmembers of the Company. In addition,Board of Directors who shall administer the compositionPlan on behalf of the Board of Directors, subject to such terms and conditions as the Board of Directors may prescribe. Once appointed, the Committee shall continue to serve until otherwise directed by the Board of Directors. From time to time the Board of Directors may increase the size of the Committee shall satisfy such requirements asand appoint additional members thereof, remove members (with or without cause), and appoint new members in substitution therefore, fill vacancies however caused, or remove all members of the SecuritiesCommittee and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) underthereafter directly administer the Exchange Act.Plan.
Committee Composition. TheGeneral. Except as otherwise determined by the Board in its discretion, the Plan shall be administered by a Committee appointed by the Board of Directors, or by the Board of Directors acting as the Committee. The CommitteeCommittee, which shall consist exclusively of two (2) or more nonemployee directors within the meaning of the Company. In addition, the composition of the Committee shall satisfy such requirements asrules promulgated by the Securities and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) underSection 16 of the Exchange Act. The members of the Committee shall be appointed from time to time by, and shall serve at the discretion of, the Board. The Committee shall have the authority to delegate administrative duties to officers or Directors of the Company; provided that the Committee may not delegate its authority with respect to non-ministerial actions with respect to Insiders.
Committee Composition.ADMINISTRATION. The Plan shall be administered by a Committeecommittee appointed by the Board of Directors, or byDirectors of the Board of Directors acting as the Committee.Corporation (the “Committee”). The Committee shall consist of two or more directorsnot less than three (3) members of the Company. In addition,Corporation’s Board of Directors. The Board of Directors may from time to time remove members from, or add members to, the compositionCommittee. Vacancies on the Committee, howsoever caused, shall be filled by the Board of Directors. No member of the Committee shall satisfy such requirements asbe eligible to participate in the Securities and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) under the Exchange Act.Plan.
Committee Composition. The Plan shall be administered by a Committee appointed by the Board of Directors, or by the Board of Directors acting as the Committee. The Committee shall be appointed by the Board and shall consist of twonot less than three directors, each of whom shall be independent, within the meaning of and to the extent required by applicable rulings and interpretations of the New York Stock Exchange and the Securities and Exchange Commission, and each of whom shall be a “Non-Employee Director”, as defined from time to time for purposes of Section 16 of the Securities Exchange Act of 1934 and the rules promulgated thereunder. The Board may designate one or more directors as alternate members of the Company. In addition,Committee who may replace any absent or disqualified member at any meeting of the compositionCommittee. The Committee may issue rules and regulations for administration of the Plan. It shall meet at such times and places as it may determine. A majority of the members of the Committee shall satisfy such requirements as the Securities and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) under the Exchange Act.constitute a quorum.
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