Common use of Delegation by Committee Clause in Contracts

Delegation by Committee. Except to the extent prohibited by applicable law or the applicable rules of a stock exchange, the Committee may allocate all or any portion of its responsibilities and powers to any one or more of its members and may delegate all or any part of its responsibilities and powers to any person or persons selected by it. Any such allocation or delegation may be revoked by the Committee at any time.

Delegation by Committee. Except to the extent prohibited by applicable law or the applicable rules of a stock exchange, the Committee may allocate all or any portion of its responsibilities and powers delegate to any one person or more persons selected by it, who may or may not be members of its members and may delegate the Board, all or any part of its responsibilities and powers to any person or persons selected by itas set in the Plan. Any such allocation or delegation may be revoked by the Committee at any time.