Change in Board of Directors definition

Change in Board of Directors means the composition of the Board of Directors changes during any period of thirty-six (36) months, such that individuals who at the beginning of the period were members of the Board of Directors cease for any reason to constitute a majority thereof. For purposes of this Agreement a "Change in the Ownership of the Employer", "Change of a Substantial Portion of the Employer Assets", and "Change in Board of Directors" shall hereinafter be collectively referred to as a "Change of Control."ed to as a "Change of Control."

Examples of Change in Board of Directors in a sentence

• Change in Board of Directors After the completion of the tender offer and the reverse and forward stock splits, and after the Company deregisters and delists its common stock, we believe that a number of our independent board members may resign from our board of directors due to time commitments that they have to other business ventures.

• See “Background Information on New Harvest Capital Corporation - Directors and Officers.” Change in Board of Directors Upon completion of the Share Exchange, Oxxx Xxxxx and Jxxx Xxxxxx will be appointed to the Board of Directors of Harvest.

• Change in Board of Directors On May 17, 2012, following the Proxy Contest Messrs.

• Change in Board of Directors and Officers – There will be no change in the Board of Directors and officers of the Company.

• Any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or indirectly, of securities of the Company representing twenty percent (20%) or more of either (i) the then outstanding shares of common stock of the Company or (ii) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors; Change in Board of Directors.

• Any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or indirectly, of securities of the Company representing thirty-five percent (35%)or more of the combined voting power of the Company’s then outstanding securities; · Change in Board of Directors.

• Xxxxx, Xxesident EXHIBIT A Gentxxx Xxxmunications Announces Change in Board of Directors Salt Lake City, Utah -- Gentxxx Xxxmunications announced today that former Chief Executive Officer and President, Russxxx X.

• Any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or indirectly, of securities of the Company representing thirty-five percent (35%)or more of the combined voting power of the Company’s then outstanding securities; Change in Board of Directors.