Committee

Committee. Means the committee designated by the Board to administer the Program. With respect to Covered Employees for whom the Program is intended to provide Qualified Performance-based Compensation within the meaning of Section 162(m) of the Code, any Committee must consist of two or more persons each of whom are "outside directors" within the meaning of Section 162(m) of the Code. To the extent the Committee delegates authority pursuant to Section 6(a), references to the Committee in the Program... shall, as appropriate, be deemed to refer to the Committee's delegate. CHITTENDEN CORPORATION Performance Share Program View More

Committee. Shall mean the committee established from time to time in the sole discretion of the Board to administer the Plan, as described in Section 3 of the Plan.

Committee. Means the Compensation Committee of the Board or a majority of the Independent Directors of the Corporation's Board.

Committee. Shall mean the Compensation Committee of the Board of Directors of the Company, which shall be responsible for the administration of the Plan.

Committee. Shall mean the compensation committee appointed to administer the Plan and shall consist of two or more directors of the Company, (i) none of whom shall be officers or employees of the Company, and (ii) all of whom, to the extent deemed necessary or appropriate by the Board, shall satisfy the requirements of a "non-employee director" within the meaning of Rule 16b-3 and an "independent director" under rules adopted by the New York Stock Exchange. The members of the Committee shall be appointed... by, and serve at the pleasure of, the Board. View More

Committee. Means a committee appointed by the Board to which the Board may (but shall not be required to) delegate its powers to administer the Plan.

Committee. Means the Management Development and Nominating Committee, or such other committee appointed by the Board, consisting of three or more persons who may or may not be directors or officers of the Company, to administer this Trust Agreement.

Committee. Means the Management Development and Compensation Committee of the Board (or such other committee of the Board that the Board shall designate), which shall consist of two or more members, each of whom shall be a non-employee director within the meaning of Rule 16b-3, as promulgated under the Act and serving at the pleasure of the Board.

Committee. Means the Compensation Committee of the Board or any other standing or special committee that may be established and appointed by the Board for the purpose of administering this Plan and performing such other duties as are contemplated to be performed by the Committee as herein provided. If the Board shall act as a committee of the whole in any matter under this Plan, either because of its inherent discretion to do so or because no such Committee then exists, then, in that event,... references herein to "Committee" shall be deemed to include the Board of Directors acting in such a capacity. View More

Committee. Shall mean a committee as described in Section 3.1 hereof, consisting of at least two (2) nonemployee directors (within the meaning of Rule 16b-3 under the 1934 Act) of the Corporation appointed by the Board to administer the Plan and to perform the functions set forth herein.