Governing Committee

Governing Committee. The "Governing Committee" is the following: (i) with respect to grants of Options to Employees who are not also Officers and/or Directors of the Company, the Plan shall be administered by a Governing Committee composed of the Board or at least two members of the Board; and (ii) with respect to grants of Options to Employees who are also Officers or Directors, the Plan shall be administered by a Governing Committee, selected by the Board and typically the Company's Compensation Committee,... consisting of two or more persons, each of whom is a Disinterested Person. View More