Examples of NGC Committee in a sentence
The Board shall approve the corporate goals and objectives of the CEO and, with the assistance of the NGC Committee, review the performance of the CEO against such corporate goals and objectives.
The Board shall approve the succession plan for the Company, including the selection, appointment, supervision and evaluation of the senior executives of Company, and shall also approve the compensation of the senior executives of Company upon recommendation of the NGC Committee.
Pursuant to its duty to oversee the implementation of effective risk management policies and procedures, the Board may delegate to applicable Board committees the responsibility for assessing and implementing appropriate policies and procedures to address specified risks, including delegation of financial and related risk management to the Audit Committee and delegation of risks associated with compensation policies and practices to the NGC Committee.
The Company’s NGC Committee receives independent competitive market information on compensation levels for executives.
The Replacement Independent Designee must (i) meet the Independence Requirements; (ii) have complied with the Candidate Review Procedures; and (iii) be unanimously recommended to the Board by the NGC Committee.
To help assure that Directors have the necessary information to perform their responsibilities, the NGC Committee or any Director may recommend further presentations, meetings or seminars on topics of relevance to the business of the Company and the duties of the Board.
Oversight and Description of Director and NEO Compensation The Board assumes responsibility for reviewing and monitoring the long-range compensation strategy for the senior management of the Company although the NGC Committee guides it into this role.
The Board approves executive bonus compensation dependent upon compensation levels based on recommendations of the NGC Committee.
The DSU Plan is administered by our Board, provided that the Board may, in its discretion, delegate its administrative powers under the DSU Plan to the NGC Committee.
You agree that this payment represents a fair and reasonable estimate of the losses, costs, and expenses, which we will suffer in the event that the Contract is terminated pursuant to clause 14.4.