Changes to Performance Measures. In the event that applicable laws, rules or regulations change to permit Committee discretion to alter the governing Performance Measures without obtaining stockholder approval of such changes, and still qualify for the Performance-Based Exception, the Committee shall have sole discretion to make such changes without obtaining stockholder approval.
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Sources: Bonus Compensation Plan (Diamond Resorts International, Inc.), 2015 Long Term Incentive Plan (Peabody Energy Corp), Incentive Compensation Plan (Retrophin, Inc.)
Changes to Performance Measures. In the event that applicable laws, rules or regulations change to permit Committee discretion to alter the governing Performance Measures without obtaining stockholder shareholder approval of such changes, and still qualify for as “performance-based compensation” within the Performance-Based Exceptionmeaning of Code Section 162(m), the Committee shall have sole discretion to make such changes without obtaining stockholder shareholder approval.
Appears in 1 contract
Sources: Incentive Plan (Peabody Energy Corp)
Changes to Performance Measures. In the event that applicable laws, rules or regulations change to permit Committee discretion to alter the governing Performance Measures without obtaining stockholder shareholder approval of such changes, and still qualify for the Performance-Based Exception, the Committee shall have sole discretion to make such changes without obtaining stockholder shareholder approval.
Appears in 1 contract