Examples of Compensation Committee in a sentence
The Base Salary may be reviewed annually by the Company’s Board of Directors, or the Compensation Committee thereof, and may be increased or decreased in the discretion of the Company’s Board of Directors, or the Compensation Committee thereof.
Unless otherwise determined by the Compensation Committee, the Company shall withhold a number of shares of Common Stock (or, as applicable, the number of Restricted Stock Units in the Participant’s Account) equal in value to the amount necessary to satisfy federal, state, provincial and local taxes, domestic or foreign, required by law or regulation to be withheld.
The Audit Committee will consist of three (3) directors, all of whom will qualify as independent, with at least one (1) member who qualifies as a “financial expert.” The Nominating Committee and the Compensation Committee will each consist of two (2) directors, all of whom will qualify as Independent Directors.
If the actual performance approved by the Compensation Committee falls between the percentages specified above, the number of Earned Performance Share Units under this Performance Share Unit Award will be calculated using straight-line interpolation, and will be rounded down to the nearest whole number of Performance Share Units.
In the discretion of the Chief Executive Officer, and subject to the approval of the Compensation Committee, the Bank may pay Executive the annual bonus described in Paragraph C.2 above less any project-based incentives Executive shall have already earned or received.