Board Determination Sample Clauses
The Board Determination clause establishes the authority of a company's board of directors to make specific decisions or judgments as required under the agreement. In practice, this clause typically outlines the process by which the board will review relevant information, deliberate, and formally resolve issues such as approving transactions, determining compliance, or interpreting contractual terms. Its core function is to centralize decision-making power within the board, ensuring that important matters are addressed collectively and in accordance with corporate governance standards, thereby promoting consistency and accountability.
POPULAR SAMPLE Copied 1 times
Board Determination. Adjusted Operating Cash Flow shall be based upon the audited annual financial statements of the Company for the preceding fiscal year, as have been approved by the Company’s board of directors.
Board Determination. The Board of Directors of Pubco has unanimously determined that the terms of the Exchange are fair to and in the best interests of Pubco and its shareholders.
Board Determination. The Board of Directors of each of Parent and Merger Sub has unanimously determined that the terms of the Merger are fair to and in the best interests of Parent and Merger Sub and each of its stockholders.
Board Determination. The Board shall issue its written determination as to the employment or non-employment of said non-tenured employee for the next succeeding School year as soon as possible after the completion of the hearing. Such proceedings shall be completed, and the Board’s determination presented to the employee no later than June 30.
Board Determination. The Board of Directors of Parent has unanimously determined as of the Closing Date that the terms of the Transactions are fair to and in the best interests of Parent and its stockholders.
Board Determination. The Board of Directors of Buyer has determined as of the Closing Date that the terms of the transactions contemplated by this Agreement are fair to and in the best interests of Buyer and its stockholders.
Board Determination. The Board of Directors of NeoHydro Technologies Corp. has unanimously determined that the terms of the Exchange are fair to and in the best interests of NeoHydro Technologies Corp. and its stockholders.
Board Determination. The respective boards of directors of Purchaser and Seller have each determined that the Parent Merger and the other transactions contemplated hereby are consistent with and will further their respective business strategies and goals and are in the best interests of their respective shareholders and, therefore, have approved the Parent Merger, this Agreement and the plan of merger contained in this Agreement.
Board Determination. The Board shall issue its written determination as to the employment or non-employment of said non-tenured teacher for the next succeeding school year within three (3) calendar days after the completion of the hearing. Said proceedings shall be completed at the Board’s determination and presented to the teacher no later than June 15th.
Board Determination. The Optionee hereby agrees to accept as binding, conclusive and final all decisions and interpretations of the Board as to any questions arising under this Agreement. This Agreement shall bind and inure to the benefit of the Company and its successors and assigns, and the Optionee and the Optionee's estate in the event of death.