Common use of Right of the Committee Clause in Contracts

Right of the Committee. The Committee reserves the right to reduce or eliminate the Award for any reason, regardless of the amount or level of EBIT, Net Sales, Return on Sales, Same Location Sales Growth, and/or net income from continuing operations available to common shareholders excluding special items, as disclosed and discussed in the earnings release, that is achieved.

Appears in 5 contracts

Samples: Incentive Award Agreement (Officemax Inc), Incentive Award Agreement (Officemax Inc), Incentive Award Agreement (Officemax Inc)

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Right of the Committee. The Committee reserves the right to reduce or eliminate the Award for any reason, reason regardless of the amount or level of EBIT, Net Sales, Return on Sales, Same Location Sales Growth, and/or net income from continuing operations available to common shareholders excluding special items, as disclosed and discussed in the earnings release, that is and/or Adjusted EBIT achieved.

Appears in 1 contract

Samples: Officemax Incorporated 2009 Annual Incentive Award Agreement (Officemax Inc)

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