Common use of Incumbent Directors Clause in Contracts

Incumbent Directors. For purposes of this Section 11, the term "Incumbent Directors" shall mean any individual who is a member of the Board of the Company on the effective date of this Agreement, as well as any individual who subsequently becomes a member of the Board whose election, or nomination for election by the Company's shareholders, was approved by a vote of at least a majority of the then Incumbent Directors (either by specific vote or by approval of the Proxy Statement of the Company in which such individual is named as a nominee for director without objection to such nomination).

Incumbent Directors. For purposes of this Section 11Agreement, the term "Incumbent Directors" shall mean of the Company means any individual individuals who is a member are members of the Board of the Company on the effective date of this Agreement, as well as Agreement and any individual who subsequently becomes a member of the Board whose election, or nomination for election by the Company's shareholdersstockholders, was approved by a vote of at least a majority of the then Incumbent Directors (either by specific vote or by approval of the Proxy Statement of the Company Company's proxy statement in which such individual is named as a nominee for director without objection to such nomination).

Incumbent Directors. For purposes of this Section 11Agreement, the term "“Incumbent Directors" shall mean any individual ” means directors who is a member either (i) are members of the Board as of the Company on the effective date of this Agreementhereof, as well as any individual who subsequently becomes a member of or (ii) are elected, or nominated for election, to the Board whose election, or nomination for election by with the Company's shareholders, was approved by a vote affirmative votes of at least a majority of the then Incumbent Directors at the time of such election or nomination (either by specific vote but shall not include an individual whose election or by approval nomination is in connection with an accrual or threatened proxy contest relating to the election of directors to the Proxy Statement of the Company in which such individual is named as a nominee for director without objection to such nominationCompany).

Incumbent Directors. For purposes of this Section 11, the term "“Incumbent Directors" ” shall mean any individual who is a member of the Board of the Company on the effective date of this Agreement, as well as any individual who subsequently becomes a member of the Board whose election, or nomination for election by the Company's ’s shareholders, was approved by a vote of at least a majority of the then Incumbent Directors (either by specific vote or by approval of the Proxy Statement of the Company in which such individual is named as a nominee for director without objection to such nomination).

Incumbent Directors. For purposes of this Section 1112, the term "Incumbent Directors" shall of the Company will mean any individual individuals who is a member are members of the Board of the Company on the effective date of this Agreement, as well as Distribution Date and any individual who subsequently becomes a member of the Board whose election, or nomination for election by the Company's shareholders, was approved by a vote of at least a majority of the then Incumbent Directors (either by specific vote or by approval of the Proxy Statement of the Company Company's proxy statement in which such individual is named as a nominee for director without objection to such nomination).

Incumbent Directors. For purposes of this Section 11Agreement, the term "“Incumbent Directors" shall mean any individual ” means directors who is a member either (i) are members of the Board as of the Company on the effective date of this Agreementhereof, as well as any individual who subsequently becomes a member of or (ii) are elected, or nominated for election, to the Board whose election, or nomination for election by with the Company's shareholders, was approved by a vote affirmative votes of at least a majority of the then Incumbent Directors at the time of such election or nomination (either by specific vote but shall not include an individual whose election or by approval nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Proxy Statement of the Company in which such individual is named as a nominee for director without objection to such nominationCompany).