C2 Board definition
Examples of C2 Board in a sentence
Before the Distribution Date, C2 shall provide CIT with (i) a copy of the C2 Savings Incentive Plan and related trust and applicable IRS volume submitter approval or other IRS favorable determination letter with respect to plan and (ii) a copy of certified resolutions of the C2 Board (or its authorized committee or other delegate) evidencing adoption of the C2 Savings Incentive Plan and related trust and the assumption by the C2 Savings Incentive Plan of the Liabilities described in Section 5.02(b).
Sellers’ Loan Amounts Agreed Form Documents A1 to A16 Proprietary Information Agreements B1 to B8 Letters of resignation C1 to C2 Board resolutions D License to Occupy E HSBC Corporate Card Line Termination Letter F [deliberately left blank] G1 to G6 Employment termination agreements or letters H1 to H3 Consultancy termination agreements or letters H1 to H42 Letters to Specified Employees regarding individual Employee Bonus Allocation.
With respect to any C2 non-employee director, C2 shall be responsible for the payment of any fees for service on the C2 Board that are earned at any time after the Effective Time and CIT shall not have any responsibility for any such payments.
Effective on or before the Distribution Date, the C2 Board shall adopt and establish the C2 Savings Incentive Plan and a related trust, which shall be intended to meet the qualification requirements of Section 401(a) of the Code (including under Sections 401(k) and (m) of the Code) including the safe-harbor requirements of Section 401(k)(12) of the Code.