Compensation Committee definition
Examples of Compensation Committee in a sentence
Executive shall be eligible for an annual incentive bonus award determined by the Compensation Committee in respect of each fiscal year during the Term (the “Annual Bonus”).
The Executive shall be eligible to receive equity awards under the Company’s equity incentive plans, subject to the terms of such plans and as determined by the Compensation Committee.
The Incentive Bonus, if any, may be modified, changed or terminated at any time or for any reason by the Compensation Committee in its sole discretion in accordance with the terms of the MIP applicable to the Executive.
The Compensation Committee may increase (but not decrease) Base Salary from time to time.
Any extension or renewal shall be in the sole discretion of the Company’s Board of Directors (or its Compensation Committee) and must be set forth in a writing signed by both parties.