Qualification of Directors. No person shall be disqualified to serve as a Director by reason of his not holding shares in the Company or by reason of his having served as a Director in the past.
Qualification of Directors. No person can be elected a -------------------------- Director of this Corporation (whether by vote of the stockholders or the Directors) if, were he or she to be elected a Director, less than a majority of the total number of directors would be Outside Directors. If such a person is nominated for Director, no votes cast for his or her election shall be counted and, for this purpose, the announcement of the results of any election of Directors, shall be delayed pending the determination by the Board referred to below. An Outside Director is a person who is not: (a) an officer or employee of the Corporation or any relative of an officer or employee; (b) a Related Person (as that term is defined in Article X of the Corporation's Certificate of Incorporation) or an officer, director, employee, associate or affiliate of a Related Person, or a relative of any of the foregoing; or (c) a person having a direct or indirect material business relationship with the Corporation. The Board shall be empowered to determine in its sole and absolute discretion whether a person is or is not an Outside Director within the meaning of the foregoing.
Qualification of Directors. Subject to the fulfillment of all the requirements of the Companies Act the Directors shall not be required to hold any qualification shares.
Qualification of Directors. Directors must be individuals, eighteen or more years old with the power under law to contract. Members may not be directors. A director need not reside in the Northwest Territories. Directors must have expertise in matters directly relevant to the objects of the Society. An individual is not disqualified from being a director solely on the basis of any of membership in the Yellowknives Dene First Nation or the North Slave Métis Alliance, or a prior affiliation with any member.
Qualification of Directors. Each individual elected to the Board of Directors pursuant to Section 2.2 above (and each alternate Director), prior to serving on the Board of Directors and each year thereafter for so long as he or she continues to serve on, or as an alternate to, the Board, shall certify in writing to the Company that he or she (a) is not subject to a statutory disqualification under section 8a(2) of the Commodity Exchange Act, as amended, and (b) does not have a history of disciplinary offenses as defined in CFTC Regulation 1.63(a)(6) (a “Director Restriction”). If at any time the Member, any Director or any designated alternate shall become aware of any circumstance that indicates or could reasonably be expected to indicate that any Director or designated alternate is subject to a Director Restriction, the Member, such Director or such alternate, as the case may be, shall promptly notify the Company thereof in writing, together with information and supporting materials reasonably setting forth the relevant events or circumstances. In any such event the Company shall promptly undertake an investigation with a view to determining whether the applicable Director or designated alternate is subject to a Director Restriction, and if it is found that such Director or designated alternate is in fact subject to a Director Restriction, such Director or designated alternate, as the case may be, shall automatically be removed from such position (notwithstanding whether notification thereof was made to the Board) and the other Directors shall cooperate reasonably (including by executing appropriate Member actions and resolutions and/or Board consents and resolutions) to effect such removal. For the sake of clarity, the removal of a Director or designated alternate pursuant to this paragraph shall not limit the ability of the Directors to designate a replacement therefor in accordance with Section 2.2.
Qualification of Directors. All members of the Board shall be persons who are residents of and domiciled in the United States for all purposes (at the time of their appointment or election and during their initial term, any extension thereof or any subsequent term) and who have the appropriate expertise and experience in overseeing the business and affairs of an enterprise similar to the Company.
Qualification of Directors. Any Director elected under the provisions of this Article II shall be a Lot Owner of the Properties, or officer or agent of a corporate Owner, and if such Owner sells his ·or her Lot or resigns, refuses to act, becomes disabled, or dies, the remaining Directors shall appoint another Owner to act as Director for the unexpired portion of the term of the director no longer acting. Where the provisions of this instrument cannot be fulfilled by reason of unfilled vacancies on the Board, the St. Louis County Council or its successors may upon the petition of any concerned resident or Owner in the Properties appoint one or more directors to fill the vacancies until such time as Directors are selected in accordance with this Declaration. Any person so appointed who is not an Owner within the properties shall be allowed a reasonable fee for his/her services in the order of appointment which fee shall be levied as a Special Assessment against the Lot and which fee shall not be subject to any 1imitations on Special Assessments contained in this Declaration or elsewhere.
Qualification of Directors. All members of the Board shall be persons who are residents of the United Kingdom for all purposes (at the time of their appointment or election and during their initial term, any extension thereof or any subsequent term) and who have the appropriate expertise and experience in overseeing the business and affairs of an enterprise similar to the Company.
Qualification of Directors. No person over the age 70 shall be eligible to serve as a trustee of the Trust. Trustees of the Trust shall retire as trustees when they attain the age of 70.
Qualification of Directors. No person shall be disqualified to serve as a Director by reason of his not holding shares in the Company or by reason of his having served as a Director in the past. Notwithstanding anything to the contrary contained herein, a person shall be disqualified to serve as a Director in the Company by reason of such person being an employee, office holder or director of any competitor of the Company, provided that for the purpose of this Article neither Scailex nor any Affliate thereof, shall be deemed a competitor of the Company, provided further however that any officer of Scitex Vision Ltd., that is not a director in either of Scitex Vision Ltd. and/or Aprion Digital Ltd., shall not serve as a Director in the Company.
