Common use of Lead Independent Director Clause in Contracts

Lead Independent Director. The Chairperson of the Board of Directors, or if the Chairperson is not an independent director, one of the independent directors, may be designated by the Board of Directors as lead independent director to serve until replaced by the Board of Directors (“Lead Independent Director”). The Lead Independent Director will preside over meetings of the independent directors and perform such other duties as may be established or delegated by the Board of Directors and perform such other duties as may be established or delegated by the Chairperson of the Board of Directors.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Arrowroot Acquisition Corp.), Agreement and Plan of Merger (Panacea Acquisition Corp)

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Lead Independent Director. The Chairperson of If at any time the Chairman is not an Independent Director, the Independent Directors then on the Board of DirectorsDirectors shall designate, or if the Chairperson is not an independent directorby at least a majority vote, one of the independent directors, may be designated by Independent Directors on the Board of Directors as lead independent director to serve until replaced by as the Board of Directors lead Independent Director (the “Lead Independent Director”). The Lead Independent Director will preside over meetings of the independent directors and perform such other duties as may be established or delegated by the Board of Directors and perform such other duties as may be established or delegated by the Chairperson of the Board of Directors.shall:

Appears in 1 contract

Samples: Operating Agreement (Atlas Industries Holdings LLC)

Lead Independent Director. The Chairperson of If at any time the Board of Directors, or if the Chairperson Chairman is not an independent directorIndependent Director, one of the independent directors, may be designated by Independent Directors then on the Board of Directors as lead independent director to serve until replaced shall designate, by at least a majority vote of such Independent Directors, one (1) of the Independent Directors on the Board of Directors to serve as the lead Independent Director (the “Lead Independent Director”). The Lead Independent Director will preside over meetings of the independent directors and perform such other duties as may be established or delegated by the Board of Directors and perform such other duties as may be established or delegated by the Chairperson of the Board of Directors.shall:

Appears in 1 contract

Samples: Operating Agreement (Atlas Industries Holdings LLC)

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Lead Independent Director. The Chairperson of the Board of Directorsmay, or if the Chairperson is not an independent directorin its discretion, one of the independent directors, may be designated by the Board of Directors as elect a lead independent director to serve until replaced by the Board of from among its members that are Independent Directors (as defined below) (such director, the “Lead Independent Director”). The Lead Independent Director will shall preside over at all meetings of the independent directors and perform such other duties as may be established or delegated by the Board of Directors and perform such other duties as may be established or delegated by at which the Chairperson of the Board of Directors.is not present and shall exercise such other powers and duties as

Appears in 1 contract

Samples: Agreement and Plan of Merger (VPC Impact Acquisition Holdings III, Inc.)

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