Examples of DRI Board in a sentence
If not sooner terminated by the DRI Board, this Plan shall terminate at the close of business on December 31, 2006.
The DRI Board shall have the power and complete discretion to select Outside Directors of DRI or any Dominion Company to receive Awards.
Notwithstanding the foregoing, the DRI Board may unilaterally amend the Plan and Incentive Awards with respect to Participants as it deems appropriate to ensure compliance with Rule 16b-3 and to cause Incentive Stock Options to meet the requirements of the Code and regulations thereunder.
In addition to the Awards otherwise provided under the Plan, the Plan also permits the award of Nonstatutory Stock Options and Restricted Stock to directors on the DRI Board or the board of any Dominion Company if such directors are not employees of DRI or a Dominion Company ("Outside Directors").
The DRI Board shall have the complete discretion, under provisions consistent with Section 12 as to Participants, to determine the terms and conditions, the nature of the award and the number of shares to be allocated as part of each Award for each Outside Director of DRI or a Dominion Company.
Xxxxx shall reassume his position as Chairman of the DRI Board of Directors upon the earlier of Xxxxxx X.
All grants of Incentive Awards made or approved by the Committee shall be submitted to the DRI Board for such consideration as the DRI Board deems appropriate.
Company means Dominion Resources, Inc., Virginia Electric and Power Company, and any of their affiliates that, with approval of the DRI Board of Directors, adopt or have adopted this Plan; any successor business by merger, purchase, or otherwise that maintains the Plan.
Xxxxxxxx, Xx. does not become Chairman of the DRI Board of Directors pursuant to the preceding sentence, Xxxxxx X.
Xxxxxxxx, Xx. becomes Chairman of the DRI Board of Directors, Xxxxxx X.