Class A Directors Sample Clauses
The 'Class A Directors' clause defines the specific group of directors designated as Class A within a company's board structure. This clause typically outlines how Class A Directors are appointed, their term lengths, and any special rights or responsibilities they may hold compared to other classes of directors. For example, Class A Directors might be elected by a particular group of shareholders or have veto power over certain board decisions. The core function of this clause is to establish a clear governance framework by differentiating the roles and selection process for various director classes, thereby ensuring balanced representation and decision-making authority within the board.
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Class A Directors. Each of the present and future holders of Class A Common Stock hereby agrees (i) to vote his shares of Stock to elect ▇▇▇▇▇▇▇ Gold, ▇▇▇▇ ▇▇▇▇▇▇, and ▇▇▇▇▇ ▇▇▇▇▇▇, as three of DHS' Class A Common Stock Directors for as long as their respective Employment Agreements with DHS are in full force and effect, and (ii) if then serving as a Class A Common Stock Director, to offer to resign as a director immediately upon termination of his employment with DHS.
Class A Directors. At any annual meeting of stockholders, or special meeting held in place thereof, where any Class A Directors are due to be elected, the parties shall use all reasonable efforts to cause the election of the nominee or nominees referred to in Section 2.1(a)(i) as a Class A Director. Upon any vacancy occurring because of the death, disability, disqualification, resignation or removal of a Class A Director, the parties shall use their reasonable best efforts to cause the person filling such vacancy to be an officer or employee of the Company or its Subsidiaries nominated in accordance with Section 2.1(a)(i), and to cause such person to be elected or appointed as a Class A Director.
Class A Directors. The Unaffiliated Holders of the Class A Preferred Shares shall be entitled by notice to the Company and, to the exclusion of the Common Shareholders, to appoint or remove two Directors to the Board.
Class A Directors. Not less than one (1) or more than six (6) of the directors shall be designated Class A directors. Within that range, the exact number of Class A Directors shall be determined from time to time by a majority of the Class A Directors then in office, though less than a quorum, or by the holders of Common Stock at the annual meeting of shareholders; provided that no Class A Director's term shall be shortened by a reduction in the number of Class A Directors. Class A directorships will initially be held by the six members of the Board of Directors who hold office on the date these Articles are filed with the Secretary of the State of Nevada, and such members will continue to serve pursuant to the terms hereof. Upon shareholder approval of these Amended and Restated Articles of Incorporation, Class A directors shall hold office for three (3) years and be divided into three (3) equal groups, Group One to initially hold office one year and to be elected in the first annual meeting after the date these Articles become effective, and every three years thereafter, Group Two to hold office for two (2) years and to be elected in the second annual meeting after the date these Articles become effective, and and every three years thereafter and Group Three to hold office for three (3) years and to be elected in the third annual meeting after the date these Articles become effective, and every three years thereafter.
Class A Directors. (a) Each Designating Stockholder shall have the right (but not the obligation) to designate one Class A Director. If any vacancy is created by the departure for any reason of the Class A Director designated by any Designating Stockholder, such Designating Stockholder shall have right (but not the obligation) to designate a replacement for such departing Class A Director. If any Designating Stockholder chooses not to designate a Class A Director (or any replacement for a departing Class A Director) pursuant to this Section 2(a), then such Class A Director shall be designated by mutual agreement of the remaining Designating Stockholders; provided that, if (x) such remaining Designating Stockholders are unable to reach agreement as to the designation of such Class A Director or (y) there remains only one Designating Stockholder, then such Class A Director position (including any vacancy created by the departure of such Class A Director for any reason) shall be filled by the vote of a plurality of the Holders of Class A Common Stock, voting as a separate class, in the manner set forth in Section 2(b).
(b) The Designating Stockholders shall by mutual agreement designate the fourth and fifth Class A Directors that the Class A Stockholders are entitled to nominate and elect pursuant to the Certificate of Incorporation; provided that each such Class A Director shall have the qualifications of an Independent Director and a Financial Expert set forth in the Certificate of Incorporation. If the Designating Stockholders are unable to reach agreement as to the designation of either of such Class A Directors, then any Class A Stockholder that is the Holder of at least 5% of the then outstanding shares of Class A Common Stock shall have the right to nominate an individual to serve as such Class A Director, and such Class A Director shall be elected by the vote of a plurality of the Holders of Class A Common Stock, voting as a separate class. If any vacancy is created by the departure for any reason of a Class A Director nominated and elected by the Class A Stockholders pursuant to this Section 2(b), a replacement for such departing Class A Director shall be nominated and elected by the Class A Stockholders in the manner set forth in this Section 2(b).
Class A Directors. Each Class A Stockholder who is an employee of Doctors Health and a party to this Agreement hereby agrees (i) to vote his shares of Stock to elect ▇▇▇▇▇▇▇ Gold, ▇▇▇▇ ▇▇▇▇▇▇, and ▇▇▇▇▇ ▇▇▇▇▇▇, as three of Doctors Health's Class A Common Stock Directors for as long as such Class A Common Stockholder is an employee of Doctors Health, and (ii) if then serving as a Class A Common Stock Director, to offer to resign as a director immediately upon termination of his employment with Doctors Health; provided, however, that the provisions of SECTION 8(B)(II) hereof shall not apply to ▇▇▇▇▇▇▇ Gold, ▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇.
Class A Directors. Highmark Health shall have taken all actions necessary to appoint the four Class A Directors to the Board of Directors of Highmark from and after the Effective Time in accordance with the terms of this Agreement and the Surviving Corporation Bylaws.
Class A Directors. The number of Class A Directors at any given time shall be the number of Class A Directors elected by the holders of the Class A Common Stock.