Common use of Continuing Directors Clause in Contracts

Continuing Directors. “Continuing Directors” shall mean the directors identified in Article V, Section 5.1 and the directors whose nomination for election by the stockholders or whose election by the directors to fill vacancies is approved by a majority of the Continuing Directors then on the Board of Directors.

Continuing Directors. “Continuing Directors” " shall mean a director of the directors identified in Article VCompany who either (a) was a director of the Company on the Effective Date or (b) is an individual whose election, Section 5.1 and the directors whose or nomination for election by election, as a director of the stockholders or whose election by the directors to fill vacancies is Company was approved by a majority vote of at least two-thirds of the directors then still in office who were Continuing Directors then on (other than an individual whose initial assumption of office is in connection with an actual or threatened election contest relating to the Board election of Directorsdirectors of the Company which would be subject to Rule 14a-11 under the Act, or any successor rule).