Bank Directors Sample Clauses

Bank Directors. The Holding Company agrees to structure the initial Board of Directors of the Bank to include and to be limited to each of the Organizers and Xxxxxxx X. Xxxxxxx, or another director or officer of the Holding Company designated by Xx. Xxxxxxx (or in his absence the CEO of the Holding Company). Upon the organization of the Bank, the Holding Company further agrees to elect each of the Organizers to the Board of Directors of the bank. Notwithstanding the foregoing, the Board of Directors of the Bank shall not include any Organizer: (i) who does not agree to serve on the Board of Directors, (ii) who is prohibited by federal or state law, rule, or regulation, or the Bank's Bylaws, from serving on the board of directors of a bank or subsidiary of a publicly held company, (iii) who has violated this Agreement, or (iv) who is not approved by the Board of the Holding Company, which approval will not be unreasonably withheld.
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Bank Directors. Wesbanco covenants and agrees that as of the Effective Date it will appoint, as additional directors of Bank, Xxxx X. Xxxxxxx, Xxxxxx X. XxXxxxx, and Xxxxxxx X. XxXxxxx, specifically waiving for such limited term, its age 70 provision of its Bylaws. Such individuals shall serve until the annual meeting to be held in April, 2002, at which time the terms for Xxxx X. Xxxxxxx and Xxxxxx X. XxXxxxx shall expire. At such annual meeting, Xxxxxxx X. XxXxxxx shall be re-appointed to the Bank Board and shall serve until his successor shall have been duly elected and qualified.
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Bank Directors. Wesbanco covenants and agrees that as of the Effective Date it will appoint, as additional directors of Bank, Jacx X. Xxxxxxx, Xolxxx X. XxXxxxx, xnd Jefxxxx X. XxXxxxx, xpecifically waiving for such limited term, its age 70 provision of its Bylaws. Such individuals shall serve until the annual meeting to be held in April, 2002, at which time the
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Bank Directors. Each of the directors of Bank shall tender their respective resignations as a director effective as of the Closing Date, which resignations shall be accepted by the Buyer.
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Bank Directors. The Holding Company agrees to structure the initial Board of Directors of the Bank to include and to be limited to each of the Organizers, plus the Chief Executive Officer and the Chief Financial Officer of the Holding Company, who are currently Dxxxx X. Xxxxxxx and Cxxxxxx Xxxxxx. Upon the organization of the Bank, the Holding Company further agrees to elect and re-elect each of the Organizers to the Board of Directors of the Bank until such time as the Board of Directors of the Bank, by a two-thirds vote (with or without cause) with the concurrence of the Holding Company, which concurrence shall not be unreasonably withheld, requests that one or more of the Bank's directors be replaced. In this event, the Holding Company shall replace the appropriate directors of the Bank, in accordance with the instructions of the Bank's Board of Directors, at the earliest practicable time in accordance with the Bank's bylaws and applicable regulatory restrictions. Notwithstanding the foregoing, the Board of Directors of the Bank shall not include any individual: (i) who does not agree to serve on the Board of Directors, (ii) who is prohibited by federal or state law, rule, or regulation, or the Bank's bylaws or otherwise fails to receive the approval of the relevant bank regulatory agencies, to serve on the board of directors of a bank or subsidiary of a publicly held company, (iii) who has materially violated this Agreement, or (iv) who is not approved by the Board of the Holding Company, which approval will not be unreasonably withheld. The Holding Company hereby approves each of the initial 16 Organizers who have executed this Agreement to serve on the Bank's initial Board of Directors.
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Bank Directors. Wesbanco covenants and agrees that as of the Effective Date it will appoint, as additional directors of Bank, Jack A. Cartner, Jolyon W. McCamic, and Jeffrey W. XxXxxxx, xxxxxxxcaxxx xxxxxxx xxx xuch lixxxxx xxxx, xxx xxe 70 provision of its Bylaws. Such individuals shall serve until December 31, 2002, at which time the terms for Jack A. Cartner and Jolyon W. McCamic shall expire axx xxxx xxxx resign xxxx xxx Xxxx Xxxrd. Jeffrey W. McCamic shall continue as a member of the Xxxx Xxxxx xxx shall serve until his successor shall have been duly elected and qualified.
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Related to Bank Directors

  • Alternate Directors 35.1 Any Director (but not an alternate Director) may by writing appoint any other Director, or any other person willing to act, to be an alternate Director and by writing may remove from office an alternate Director so appointed by him.

  • Associate Directors (A) Any person who has served as a director may be elected by the Board of Directors as an associate director, to serve during the pleasure of the Board.

  • Additional Directors Notwithstanding Articles 13.1 and 13.2, between annual general meetings or unanimous resolutions contemplated by Article 10.2, the directors may appoint one or more additional directors, but the number of additional directors appointed under this Article 14.8 must not at any time exceed:

  • Continuing Directors The Continuing Directors are the individuals constituting the Board as of the date this Agreement was executed by Kaydon and any subsequent directors whose election or nomination for election by Kaydon’s stockholders was approved by a vote of two-thirds of the individuals who are then Continuing Directors, but specifically excluding any individual whose initial assumption of office occurs as a result of either an actual or threatened election contest (as the term is used in Rule 14a-11 of Regulation 14A issued under the Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board.

  • Chairman of the Board of Directors The Chairman of the Board of Directors, if there be one, shall preside at all meetings of the Limited Partners and of the Board of Directors. The Chairman of the Board of Directors shall be selected from time to time by the Board of Directors. The Chairman of the Board of Directors shall also perform such other duties and may exercise such other powers as may from time to time be assigned by this Agreement or by the Board of Directors.

  • Parent Board of Directors The Board of Directors of Parent will take all actions necessary such that two members of Company's Board of Directors reasonably acceptable to Parent, at least one of whom is an independent director of the Company's Board of Directors, shall be appointed to Parent's Board of Directors as of the Effective Time with a term expiring at the next annual meeting of Parent's stockholders.

  • Independent Directors Those Directors who are not “interested persons” of the Company as such term is defined in the 1940 Act.

  • Initial Directors The names and addresses of the initial Directors, to hold office from and after the date of this Agreement until their removal pursuant to this Agreement or until their respective successors are elected and qualified pursuant to this Agreement, are as set forth in Schedule 2.

  • The Board of Directors Trustees of the Fund shall promptly notify the Company in writing of its determination of the existence of an irreconcilable material conflict and its implications.

  • Meeting of the Board of Directors The Board of Directors of the Company may hold meetings, both regular and special, within or outside the State of Delaware. Regular meetings of the Board may be held without notice at such time and at such place as shall from time to time be determined by the Board. Special meetings of the Board may be called by the President on not less than one day’s notice to each Director by telephone, facsimile, mail, telegram or any other means of communication, and special meetings shall be called by the President or Secretary in like manner and with like notice upon the written request of any one or more of the Directors.

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