Holding Board definition
Examples of Holding Board in a sentence
The Company or other payor is authorized to withhold from any benefit provided or payment due hereunder, the amount of withholding taxes due any federal, state or local authority in respect of such benefit or payment and to take such other action as may be necessary in the opinion of the Holding Board to satisfy all obligations for the payment of such withholding taxes.
Each year, the Holding Board shall review the Executive’s base salary for increase.
The Executive shall be eligible for other or additional long-term incentives in the discretion of the Holding Board (or a committee of the Holding Board).
Each year during the Term, the Holding Board will conduct a review of Executive’s Base Salary and, in its sole discretion, may increase Executive’s Base Salary.
The Holding Board shall review the Base Salary no less frequently than annually during the Term of Employment; provided, however, that the Base Salary shall not be decreased during the Term of Employment below the amount set forth above without the Executive’s consent (including, without limitation, for the purpose of determining benefits due under Section 9).
The Executive’s target bonus for achieving target EBITDA, as approved by the Holding Board, will be 45% of Base Salary and the Executive will receive a minimum bonus for achieving minimum EBITDA, as approved by the Holding Board.
ATC International and Gearon shall also be entitled to require that any member of the Holding Board so designated by it or him pursuant to this Section be removed or replaced by it or him.
The Executive’s target bonus for achieving target EBITDA, as approved by the Holding Board, will be 50% of Base Salary and the Executive will receive a minimum bonus for achieving minimum EBITDA, as approved by the Holding Board.
The Executive’s target, as approved by the Holding Board, will be 45% of Base Salary (“Target Bonus”), and the Executive will receive a minimum bonus for achieving minimum company performance thresholds, as approved by the Holding Board.
Subject to Sections 2.1.2(e), 2.1.4 and 2.1.9, each Principal Shareholder Director shall serve an initial term of two (2) years on the Company Board, the Holding Board and the Limited Board, commencing on the date of election or appointment.