Delegation to Other Committees or Officers. To the extent applicable law permits, the Board may delegate to another committee of the Board, or the Committee may delegate to one or more officers of the Company, any or all of their respective authority and responsibility as an Administrator of the Plan; provided that no such delegation is permitted with respect to Stock-based Awards made to Section 16 Participants at the time any such delegated authority or responsibility is exercised unless the delegation is to another committee of the Board consisting entirely of Non-Employee Directors. If the Board or the Committee has made such a delegation, then all references to the Administrator in this Plan include such other committee or one or more officers to the extent of such delegation.
Delegation to Other Committees or Officers. To the extent applicable law permits, the Board may delegate to another committee of the Board, orpermitted by law, the Committee may delegate to one or more of its members, to one or more officers of the Company, or to one or more agents or advisors, such administrative duties or powers as it may deem advisable, and the Committee, the subcommittee, or any person to whom duties or all of their respective authority and responsibilitypowers have been delegated as an Administrator of the Plan; provided that no such delegation is permittedaforesaid, may employ one or more persons to render advice with respect to Stock-based Awards made to Section 16 Participants atany responsibility the time anyCommittee, the subcommittee or such delegated authority or responsibility is exercised unless the delegation is to another committee of the Board consisting entirely of Non-Employee Directors. If the Board or theperson may have under this Plan. The Committee has made such a delegation, then all references to the Administrator in this Plan include such other committee ormay, by resolution, authorize one or more officers of the Company to do one or both of the following on the same basis as the Committee: # designate employees to be recipients of awards under this Plan; and # determine the size of any such awards; provided, however, that # the Committee will not delegate such responsibilities to any such officer for awards granted to an employee who is an officer (for purposes of Section 16 of the Exchange Act), Director, or more than 10% “beneficial owner” (as such term is defined in Rule 13d-3 promulgated under the Exchange Act) of any class of the Company’s equity securities that is registered pursuant to Section 12 of the Exchange Act, as determined by the Committee in accordance with Section 16 of the Exchange Act; # the resolution providing for such authorization shall set forth the total number of shares of Common Stock such officer(s) may grant; and # the officer(s) will report periodically to the extentCommittee regarding the nature and scope of such delegation. the awards granted pursuant to the authority delegated.
Delegation to Other Committees or Officers.Delegation. To the extent applicable law permits, the Board may delegate to another committee of the Board, orpermitted by law, the Committee may delegate to the Secretary of the Company or other employees of the Company the duties or powers it may deem advisable to assist the Committee in the administration and operation of the Plan and may grant authority to such persons to execute documents on behalf of the Committee. To the extent permitted by applicable law, the Committee may, by resolution, authorize one or more officers of the Company, anyCompany to do one or all of their respective authority and responsibility as an Administratorboth of the Plan; provided that no such delegation is permitted with respectfollowing on the same basis as can the Committee: # designate Employees to Stock-based Awards made to Section 16 Participants atbe recipients of Awards; and # determine the timesize of any such delegated authority or responsibilityAwards; provided, however, # the Committee shall not delegate such responsibilities to any such officer for Awards granted to an Employee who is exercised unless the delegation is to another committeeconsidered an officer (as defined in Rule 16a-1(f)) of the Board consisting entirelyExchange Act; # the resolution providing such authorization sets forth the total number of Non-Employee Directors. IfAwards such officer(s) may grant; and # the Board orofficer(s) shall report periodically to the Committee has made such a delegation, then all referencesregarding the nature and scope of the Awards granted pursuant to the Administrator in this Plan include such other committee or one or more officers to the extent of such delegation. authority delegated.
Section # Delegation by the Administrator. The Administrator may delegate, subject to Other Committeessuch terms or Officers. To the extent applicable law permits, the Board may delegateconditions or guidelines as it shall determine, to another committeeany officer or group of officers, or Director or group of Directors of the Board,Company or its Affiliates any portion of its authority and powers under the Committee may delegatePlan with respect to Participants who are not Executive Officers or non-employee directors of the Board; provided that any delegation to one or more officers of the Company, any or all of their respective authorityCompany shall be subject to and responsibility as an Administrator of the Plan; provided that no such delegation is permittedcomply with respect to Stock-based Awards made to Section 16 Participants at the time any such delegated authority or responsibility is exercised unless the delegation is to another committee of the Board consisting entirely of Non-Employee Directors. If the Board or the Committee has made such a delegation, then all references to the Administrator in this Plan include such other committee or one or more officers to the extent of such delegation. applicable law.
DelegationAdministrator. Unless and until the Board delegates administration to Other Committees or Officers. Toa Committee as set forth below, the extent applicable law permits,Plan shall be administered by the Board. The Board may delegate administration of the Plan to another committeea Committee or Committees of one or more members of the Board, and the term Committee shall apply to any person or persons to whom such authority has been delegated. If administration is delegated to a Committee, the Committee mayshall have, in connection with the administration of the Plan, the powers theretofore possessed by the Board, including the power to delegate to one or more officersa subcommittee any of the Company, anyadministrative powers the Committee is authorized to exercise (and references in the Plan to the Board shall thereafter be to the Committee or all of their respective authority and responsibility as an Administratorsubcommittee), subject, however, to such resolutions, not inconsistent with the provisions of the Plan; provided that no such delegation is permitted with respectPlan, as may be adopted from time to Stock-based Awards made to Section 16 Participants attime by the time any such delegated authority or responsibility is exercisedBoard. Notwithstanding the foregoing, however, unless otherwise determined by the delegation is to another committeeBoard, from and after the Public Trading Date, a Committee of the Board consisting entirelyshall administer the Plan and the Committee shall consist solely of Non-Employee Directors. Iftwo or more Independent Directors each of whom is an outside director, within the meaning of Section 162(m) of the Code, a non-employee director within the meaning of Rule 16b-3, and qualifies as independent within the meaning of any applicable stock exchange listing requirements. Members of the Committee shall also satisfy any other legal requirements applicable to membership on the Committee, including requirements under the Sarbanes-Oxley Act of 2002 and other Applicable Laws. Within the scope of such authority, the Board or the Committee has made suchmay # delegate to a delegation, then all references to the Administrator in this Plan include such other committee orof one or more officersmembers of the Board who are not Independent Directors the authority to grant awards under the Plan to eligible persons who are either # not then covered employees, within the meaning of Section 162(m) of the Code and are not expected to be covered employees at the time of recognition of income resulting from such award or # not persons with respect to whom the Company wishes to comely with Section 162(m) of the Code and/or # delegate to a committee of one or more members of the Board who are not non-employee directors, within the meaning of Rule 16b-3, the authority to grant awards under the Plan to eligible persons who are not then subject to Section 16 of the Exchange Act. The Board may abolish the Committee at any time and revest in the Board the administration of the Plan. Appointment of Committee members shall be effective upon acceptance of appointment. Committee members may resign at any time by delivering written notice to the extent of such delegation. Board. Vacancies in the Committee may only be filled by the Board.
Delegation to Other Committees or Officers.of Authority. To the extent applicable law permits,permitted by Applicable Law, the Board or Committee may from time to time delegate to anothera committee of one or more members of the Board,Board or the Committee may delegate to one or more officers of the Company, anyCompany the authority to grant or all of their respective authority and responsibility asamend Awards or to take other administrative actions pursuant to this Article 11; provided, however, that in no event shall an Administratorofficer of the Plan; provided that no such delegation is permitted with respectCompany be delegated the authority to Stock-basedgrant Awards madeto, or amend Awards held by, the following individuals: # individuals who are subject to Section 16 Participantsof the Exchange Act or # officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder; provided, further, that any delegation of administrative authority shall only be permitted to the extent it is permissible under Applicable Law. Any delegation hereunder shall be subject to the restrictions and limits that the Board or Committee specifies at the time of such delegation, and the Board may at any time rescind the authority so delegated or appoint a new delegatee. At all times, the delegatee appointed under this Section 11.6 shall serve in such delegated authority or responsibility is exercised unlesscapacity at the delegation is to another committeepleasure of the Board consisting entirely of Non-Employee Directors. Ifand the Board or the Committee has made such a delegation, then all references to the Administrator in this Plan include such other committee or one or more officers to the extent of such delegation. Committee.
Delegation to Other Committees or Officers. To the extent applicable law permits, the Boardby Committee. The Committee, in its sole discretion and on such terms and conditions as it may provide, may delegate to another committeeall or part of its authority and powers under the Board, or the Committee may delegatePlan to one or more officerscommittees, directors, officers, and/or other employees of the Company,Company except that any or all of their respective authority and responsibility as an Administrator of the Plan; provided that no such delegation is permitted with respect to Stock-based Awards made tomatters affecting Section 16 Persons or Executive Participants atshall remain with the time any such delegated authority or responsibility is exercised unless the delegation is to another committee of the Board consisting entirely of Non-Employee Directors. If the Board or the Committee has made such a delegation, then all references to the Administrator in this Plan include such other committee or one or more officers to the extent of such delegation. Committee.
DelegationDelegation. Subject to Other Committees or Officers. To the extent applicable law permits, the Board may delegate to another committeeterms of the Board, or the Committee may delegate to one or more officers of the Company, any or all of their respective authority and responsibility as an Administrator of the Plan; provided that no such delegation is permitted with respect to Stock-based Awards made to Section 16 Participants at the time any such delegated authority or responsibility is exercised unless the delegation is to another committee of the Board consisting entirely of Non-Employee Directors. IfPlan, the Board or the Committee has made such a delegation, then all referencesmay, to the Administrator in this Plan include such other committee orextent permitted by law, delegate to # a subcommittee of the Committee, # one or more officers to the extentor managers of an Employer or # a committee of such delegation. officers or managers, the authority, subject to such terms and limitations as the Board or the Committee shall determine, to grant Awards to, or to cancel, modify or waive rights with respect to, or to alter, discontinue, suspend, or terminate, Awards. Notwithstanding the foregoing, the Committee may not delegate any such authority with respect to Participants who are officers or directors of the Company for purposes of Section 16 or are otherwise subject to such Section .
Delegation to Other Committees or Officers. To the extent applicable law permits, the Boardof Power. The Committee may delegate some or all of its power and authority hereunder to another committeea director or subcommittee of directors of the Board, the Chief Executive Officer, the Chief Human Resources Officer or other executive officer or function of the Company as the Committee may delegate to one or more officers ofdeems appropriate; provided, however, that the Company, any or all of their respectiveCommittee shall retain its power and authority and responsibility as an Administrator of the Plan; provided that no such delegation is permitted with respect to Stock-based Awards madeany Participant who is an Executive Officer. Notwithstanding the foregoing, no Participant shall make decisions under this Plan with respect to Section 16 Participants at the time any such delegated authorityhis or responsibility is exercised unless the delegation is to another committee of the Board consisting entirely of Non-Employee Directors. If the Boardher own compensation or the Committee has made such a delegation, then all referenceswith respect to the Administrator in this Plan includecompensation of any person to whom such other committeeParticipant reports directly or oneindirectly, including, without limitation, regarding his or more officers to the extent ofher own (or such delegation. report’s) Individual Award Opportunity.
Delegation to Other Committees or Officers. To the extent applicable law permits, the Board may delegate to another committee of the Board, or theThe Committee may delegate to one or more officers or managers of the Company, any or alla committee of their respective authoritysuch officers or managers, the authority, subject to such terms and responsibilitylimitations as an Administratorthe Committee shall determine, to grant Awards to, or to cancel, modify, waive rights with respect to, alter, discontinue, suspend or terminate Awards held by, employees who are not officers or directors of the Plan; provided that no such delegation is permitted with respect to Stock-based Awards made toCompany for purposes of Section 16 Participants at the time any such delegated authority or responsibility is exercised unless the delegation is to another committee of the Board consisting entirelySecurities Exchange Act of Non-Employee Directors. If the Board or the1934, as amended. The Committee has made such a delegation, then all referencesmay delegate to the Administrator in this Plan include such other committee or one or more officers or managers of the Company, or a committee of such officers or managers, the authority, subject to such terms and limitations as the Committee shall determine, authority to carry out a specified part or parts of its administrative responsibilities or ministerial functions in connection with the Plan, including but not limited to determining whether the conditions to forfeit an Award have been met. Any delegation of authority may be removed by the Committee at any time with or without cause. Notwithstanding the foregoing, # any delegation to management with respect to the extentPlan shall conform with the requirements of the corporate law of New Jersey and with the requirements, if any, of the New York Stock Exchange, in either case as in effect from time to time, # interpretations or determinations with respect to an executive officer’s rights under an Award or the Plan shall be made by the Committee, and # if any action or direction of any person to whom authority hereunder has been delegated conflicts with an action or direction of the Committee, then the authority of the Committee shall supersede that of the delegate with respect to such delegation. action or direction. Any action taken by a person under an authorized delegation of authority in compliance with this [Section 15.2(b)] shall have the same force and effect as if taken directly by the Committee.
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