Discretion of the Board Sample Clauses

Discretion of the Board. Unless otherwise explicitly provided herein, the Board, or an authorized committee thereof, shall make all determinations required to be made hereunder, including determinations required to be made by the Company, and shall interpret all provisions of this Agreement and the underlying Restricted Shares, as it deems necessary or desirable, in its sole and unfettered discretion. Such determinations and interpretations shall be binding and conclusive with respect to the Company, the Grantee and any person claiming an interest in the Restricted Shares under or through the Grantee.

Discretion of the Board. In case the Borrower after the date of this Agreement takes any action affecting the Common Shares, other than actions described in Section 5.3, which in the opinion of the board of directors of the Borrower would materially affect the rights of the Lender or the Administrative Agent hereunder, the Conversion Price shall be adjusted in such manner, if any, and at such time, by action of the directors of the Borrower, but subject in all cases to any necessary regulatory approval. Failure to take any action by the directors of the Borrower so as to provide for an adjustment on or prior to the effective date of any action by the Borrower affecting the Common Shares shall be conclusive evidence that the board of directors of the Borrower has determined that it is equitable to make no adjustment in the circumstances.

Discretion of the Board. Additional incentive compensation shall be at the discretion of the Board.

Discretion of the Board. In case the Corporation after the date of this Note takes any action affecting the Common Shares, other than actions described in Section 3.4, which in the opinion of the board of directors of the Corporation would materially affect the rights of the Holder hereunder, the Conversion Price will be adjusted in such manner, if any, and at such time, by action of the directors of the Corporation, but subject in all cases to any necessary regulatory approval. Failure to take any action by the directors of the Corporation so as to provide for an adjustment on or prior to the effective date of any action by the Corporation affecting the Common Shares will be conclusive evidence that the board of directors of the Corporation has determined that it is equitable to make no adjustment in the circumstances.

Discretion of the Board. The Board may elect, in its discretion, to ----------------------- cause any portion of the Stock Appreciation Rights to become vested prior to the date on which it would otherwise become vested pursuant to the provisions of this Section 3.1 (and whether or not any other conditions to such vesting have been met); provided, however that the Board shall have no obligation to cause -------- ------- any portion of the Stock Appreciation Rights to become vested pursuant to this Section 3.1(d)).

Discretion of the Board. Whether or not Special Voting Rights are in effect pursuant to Section 5.3 (and whether or not any consent is required pursuant to Section 5.4), any vote by the Board (including any vote to redeem the Class A Preferred Shares pursuant to Section 6.2 hereof) shall be in its sole discretion and shall be consistent with each Director’s fiduciary duties to the Company.

Discretion of the Board. If additional days are required, a written request shall be presented to the Board for consideration.

Discretion of the Board. A teacher who is released because of redundancy shall be on a recall list for a period of twenty-four months from the date of termination. a position becomes available it shall be offered to each teacher qualified the position in order of seniority. A teacher shall lose recall rights if a teaching position with another board, fails to keep the Board informed of address or refuses to accept a position offered by the Board for which the is qualified and to an assignment that is similar to that which they held to being declared redundant. Notwithstandingany other clause in this Article, the Board may exempt any teacher to whom an allowance is paid in addition to on the grid. The Board may also exempt the equivalent of eight (8) full time positions for teachers who are members of religious orders. Where the Board is considering the exemption of any teacher the provisions of this Article, the executive of the local involved shall so informed. At the request of the Executive, made within two weeks of receipt the information, a meeting with a Board Committee shall be arranged to the matter. Within two weeks from the date of the meeting, or where no me' is held, within four weeks from the receipt of the information, the may forward to the Board its comments or recommendationswhich the before making a final decision, shall consider.

Discretion of the Board. Before payment of any dividend, there may be ----------------------- set aside out of any funds of the Corporation available for dividends such sum or sums as the Directors from time to time, in their absolute discretion, think proper as a reserve fund to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the Corporation, or for such other purpose as the Directors shall think conducive to the interest of the Corporation, and the Directors may modify or abolish any such reserve in the manner in which it was created.