Sentences with phrase «directors in its sole discretion»

Payment of a dividend is subject to the approval of the Board of Directors in its sole discretion and is dependent upon, among other things, the financial condition of and outlook for the Company, general business conditions, legal restrictions and the Company's cash flow and financing needs.

We plan to distribute $ 10,000,000 shortly after the closing of the Merger, with the remaining $ 4,000,000 to be distributed in $ 2,000,000 increments at six months and 12 months after the closing of the Merger, subject to possible holdbacks for potential liabilities and on - going expenses deemed necessary by our board of directors in its sole discretion.

Not exact matches

Our board of directors or our compensation committee, in their sole discretion, may alter, suspend, or terminate the Bonus Plan, provided such action does not, without the consent of the participant, alter or impair the rights or obligations under any award already earned by such participant.

The purchase price of each Share will be (i) not less than the net asset value per Share (the «NAV Per Share») of the Company's common stock (as determined in good faith by the board of directors of the Company or a committee thereof, in its sole discretion) immediately prior to the Expiration Date (as defined in the Offer to Purchase)(the date of repurchase) and (ii) not more than 2.5 % greater than the NAV Per Share as of such date, plus any unpaid dividends accrued through the expiration date of the Tender Offer.

He was decidedly muted, however, in his comments about the minimum wage, which won't be fully phased in upstate (everywhere outside Westchester) for years, reaching $ 12.50 in five years and then moving into a nebulous place where the state budget director — a gubernatorial appointee — has the sole discretion in deciding whether the economy is strong enough to handle going higher.

(3) For purposes of this Subsection, the term «person» shall mean the applicant, its owners, and its members if the applicant is a limited liability company, its partners if the applicant is a partnership, its officers and directors if the applicant is a corporation, and any other person determined by the commissioner, in his sole discretion, to be closely related to the person.

The decision to place a Golden is at the sole discretion of G.R.E.A.T. Rescue and its Board of Directors and that which is deemed to be in the best interest of the Golden Retriever.

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4.1 The Board of Directors shall have the power in its sole discretion to grant affiliation status to individuals or organisations not being members of the Society and not resident in the United Kingdom upon such terms and conditions as it from time to time shall determine.