Board Administration Clause Samples
The Board Administration clause defines the procedures and responsibilities related to the organization and operation of a company's board of directors. It typically outlines how board meetings are scheduled, the process for setting agendas, the requirements for quorum, and the methods for recording and distributing meeting minutes. By establishing clear administrative guidelines, this clause ensures that board activities are conducted efficiently and transparently, reducing the risk of misunderstandings and promoting effective corporate governance.
Board Administration. The Board of Directors or any successor or committee authorized by the Board of Directors, subject to the express terms of this option, shall have plenary authority to interpret any provision of this option and to make any determinations necessary or advisable for the administration of this option and the exercise of the rights herein granted, and may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to Optionee by the express terms hereof.
Board Administration a. Interface with the Board, Advisor and Fund Officers to assist in fund governance
b. Assist in establishing meeting timing, agendas and resolutions with the Investment Adviser, fund counsel and/or Board as requested by the Fund;
c. Draft notices of quarterly meetings and resolutions for review and approval by fund counsel;
d. Attend quarterly Board meetings, either in person or telephonically, and prepare a first draft of the meeting minutes, as requested by the Board/Fund.
Board Administration. This award has been made pursuant to a determination made by the Board, and the Board, or any substitute committee authorized by the Board of Directors, subject to the express terms of this Agreement, shall have plenary authority to interpret any provision of this Agreement and to make any determinations necessary or advisable for the administration of this Agreement and may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to the Grantee by the express terms hereof.
Board Administration. President ▇▇▇▇▇▇ called the meeting to order. On motion by Director ▇▇▇▇▇▇▇▇▇, second by Director ▇▇▇▇▇▇, and unanimously approved, the agenda was approved. The Board reviewed the minutes of the February 12, 2025, Board of Directors meeting. On motion by Director ▇▇▇▇▇▇▇, second by Director ▇▇▇▇▇▇, and unanimously approved, the minutes were approved as presented. The Board reviewed the minutes of the February 27, 2025, Special Board of Directors meeting. On motion by Director ▇▇▇▇▇▇▇, second by Director ▇▇▇▇▇▇, and unanimously approved, the minutes were approved as presented. The Board reviewed the minutes of the March 12, 2025, meeting. No action was taken.
Board Administration. If a successor has not been appointed by the founding donor(s), the DAF will continue to be either a permanent or nonpermanent CCF-LA fund with oversight by our Board of Directors to ensure the client’s initial intentions are met.
Board Administration. The Plan shall be administered by the Board of Directors of the Company.
Board Administration. This Plan and the Options awarded hereunder shall be interpreted, construed and administered by the Board in its sole discretion. An Employee who has been granted an Option under the Plan may appeal to the Board in writing any decision or action of the Board with respect to the Plan that adversely affects the Employee. Upon review of such appeal and in any other case where the Board has acted with respect to the Plan, the interpretation and construction by the Board of any provisions of this Plan or of any Agreement shall be conclusive and binding on all parties.
Board Administration. This Plan shall be administered by the Board. The interpretation and construction by the Board of any provision of this Plan or of any Award Agreement and any determination by the Board pursuant to any provision of this Plan or any such agreement, notification or document, shall be final and conclusive. No member of the Board shall be liable to any person for any such action taken or determination made in good faith.