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FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE COMMITTEE, EXCEPT TO THE EXTENT LIMITED BY THE OKLAHOMA GENERAL CORPORATION ACT, SHALL HAVE AND EXERCISE, IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD, ALL POWERS OF THE BOARD WHICH MAY LAWFULLY BE DELEGATED IN THE MANAGEMENT OF THE BUSINESS OF THE CORPORATION OR SUCH LESSER POWERS AS MAY FROM TIME TO TIME BE SPECIFIED BY THE BOARD. HOWEVER, THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE POWER TO REVISE, AMEND OR OTHERWISE ALTER THE BYLAWS OF THE CORPORATIONS. TZMI DELEGATED THE AUTHORITY FOR THE EXECUTIVE COMMITTEE TO ACT WITHIN CERTAIN PARAMETERS REGARDING THE NEGOTIATIONS OF A SETTLEMENT WITH A SURVEY COMPANY THAT MADE A SIGNIFICANT SURVEYING ERROR FOR THE LOST KINGDOM EXHIBIT. |
FORM 990, PART VI, SECTION B, LINE 11B | THE FINANCE COMMITTEE REVIEWS FORM 990 AND MAKES RECOMMENDATION TO THE TULSA ZOO MANAGEMENT INC. BOARD OF DIRECTORS FOR ACCEPTANCE AND APPROVAL. |
FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, THE BOARD OF DIRECTORS REVIEW THE CONFLICT OF INTEREST POLICY AND EXECUTE THE CONFLICT OF INTEREST FORM DISCLOSING ANY CONFLICTS OF INTEREST THAT MAY EXIST. |
FORM 990, PART VI, SECTION B, LINE 15 | THE TZMI BOARD MAINTAINS AN EXECUTIVE COMPENSATION COMMITTEE MADE UP OF THE CHAIRMAN AND VICE CHAIR OF THE BOARD. THE EXECUTIVE COMPENSATION COMMITTEE IS AUTHORIZED TO MAKE RECOMMENDATIONS TO THE BOARD REGARDING EXECUTIVE COMPENSATION. ONLY THOSE MEMBERS OF THE EXECUTIVE COMPENSATION COMMITTEE WHO ARE FREE OF CONFLICTS OF INTEREST MAY BE INVOLVED IN EVALUATION OF EXECUTIVE COMPENSATION. THE EXECUTVE COMPENSATION COMMITTEE OBTAINS APPRORIATE COMPARABLE SALARY DATA, SALARIES FOR LIKE JOBS IN THE INDUSTRIES IN LIKE CIRCUMSTANCES/AREAS/SITUATIONS PRIOR TO MAKING COMPENSATION DECISIONS AND SHOULD RELY ON THIS DATA IN MAKING ITS RECOMMENDATIONS. A WRITTEN PERFORMANCE EVALUATION ALONG WITH A REVIEW OF SALARY SHOULD BE DONE ANNUALLY. THE BOARD SHALL REVIEW AND APPROVE THE RECOMMENDATIONS OF THE EXECUTIVE COMPENSATION COMMITTEE. ONLY THOSE DIRECTORS THAT ARE FREE OF CONFLICTS MAY VOTE ON EXECUTIVE COMPENSATION. THE DECISIONS OF THE EXECUTIVE COMPENSATION COMMITTEE AND THE VOTE OF THE BOARD SHALL BE DOCUMENTED. |
FORM 990, PART VI, SECTION C, LINE 19 | THESE ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
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