Common use of Authority of the Board of Directors Clause in Contracts

Authority of the Board of Directors. The Board of Directors of the Company shall have and exercise all of the powers belonging or pertaining to the Company, except with respect to such matters as by law, the Certificate of Incorporation, the By-laws or this Agreement, require the action of the stockholders of the Company. Members of the Board of Directors shall have full and free access to the facilities, operations and records of the Company during normal business hours.

Authority of the Board of Directors. The Board of Directors of the Company shall have and exercise all of the powers belonging or pertaining to the Company, except with respect to such matters as by law, the Certificate of Incorporation, the By-laws or this Agreement, require the action of the stockholders of the Company. Members of the *** CONFIDENTIAL TREATMENT REQUESTED 17 Board of Directors shall have full and free access to the facilities, operations and records of the Company during normal business hours.