Final board action Sample Clauses
The "Final board action" clause defines the requirement that certain decisions or approvals must be made by the company's board of directors before they become effective. In practice, this means that even if preliminary agreements or recommendations are made by committees or executives, the ultimate authority to approve, reject, or modify significant actions—such as mergers, acquisitions, or major contracts—rests with the board. This clause ensures that the highest level of corporate governance is exercised over critical decisions, providing a safeguard against unauthorized or premature commitments and maintaining proper oversight.
Final board action. Final school board action to place a teacher on unrequested leave of absence must take place prior to July 1. Final school board action must not occur before notice to the teacher as required above and acquiescence, or notice to the teacher as required above and the arbitrator decision.
Final board action. Final school board action to place a teacher on ULA must take place prior to July 1. Final school board action must not occur before the notice to the teacher as required above and acquiescence, or notice to the teacher as required above and the arbitration decision.