Discontinuation of JRC. The JRC shall continue to exist until .
Appointment of Committees. To the extent permitted by applicable law, the Board may delegate any or all of its powers under the Plan to one or more committees or subcommittees of the Board (each, a Committee). All references in the Plan to the Board shall mean the Board or a Committee of the Board to the extent that the Boards powers or authority under the Plan have been delegated to such Committee.
Within Operating Committees. All decisions within the JDC and JCC will be and all decisions within the other committees, other than the JSC, where the decision relates to Products in the Shared Territory . If a dispute arises which cannot be resolved within or such , then if such dispute relates to a matter within the jurisdiction of the , the representatives of either Party may cause such matter to for as provided in .
Article # - Discontinuation, Termination, Amendment.
Number and Composition of Committees. The Board currently has the following standing committees: an Audit Committee, a Compensation Committee and a Corporate Governance Committee. From time to time the Board may form a new committee or disband a current committee depending on the circumstances. Each committee complies with the independence and other requirements established by applicable law and regulations, including SEC and NASDAQ rules.
"IECs": independent ethics committees.
“Workforce Reduction” shall mean any termination of the employee-employer relationship between a Participant and the Employer as a result of the discontinuation by the Company of a business or line of business or a realignment of the Company, or a part thereof, or any other similar type of event, provided that the Committee or the Board has designated such discontinuation, realignment or other event as a “Workforce Reduction” for purposes of this Plan.
Section # Management Committee; Other Board Committees.
•The Chairs of the Audit, Compensation and Nominating and Governance Committees each receive an annual retainer of $20,000, payable in equal installments quarterly in advance, and the members of those Committees each receive a per meeting attendance fee of $2,000; the Chairs and members of any ad hoc committees of the Board that may exist from time to time shall be paid as determined by the Board.
Joint Committees means, collectively, the JSC, JDC and JCC.
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