Governing Committee

Governing Committee. Means the committee of Shareholder Representatives as elected by the Shareholders and constituted from time to time in accordance with this Agreement.

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