Qualified Directors. (a) Notwithstanding the right of the Investors to elect the Investor Directors, no Investor Director shall be, and no Investor shall have the right to elect an Investor Director who is a director, officer or employee of, works for or on, or is assigned to any Competitor Affiliate (as defined in the Strategic Relationship Agreement dated as of May 25, 2010, by and among the Parties) of an Investor (any such Person engaged in such activities or having such position or capacity shall be considered “Unqualified”).
(b) Each Investor hereby covenants that for a period of eighteen (18) months after such Investor Director no longer serves as a Director, such former Investor Director will not be permitted to serve as a director, officer or employee of, or work for, or be assigned to any Competitor Affiliate of such Investor.
(c) For the avoidance of doubt, the Parties agree that Westinghouse Electric Company, LLC, is not a Competitor Affiliate of Toshiba.
(d) If at any time an Investor Director becomes Unqualified, the Investors hereby agree to promptly cause such Investor Director to resign from the Board and take all other actions necessary to effect such removal, including acting by written consent, to remove such Investor Director from the Board.
Qualified Directors. Maintain for each of the Professional Corporations a Board of Directors of five (5) members who shall be persons (i) duly licensed to practice in the medical industry in the applicable jurisdiction and that each such person shall be designated as a licensed professional in accordance with the Professional Corporation Act of such jurisdiction, (ii) who are otherwise qualified hereunder and (iii) who are not legally disqualified (temporarily or permanently) under the Professional Corporation Act (a licensed person who is not legally disqualified is hereinafter referred to as a "QUALIFIED MEDICAL PROFESSIONAL");
Qualified Directors. Maintain for each of the Professional Corporations, a Board of Directors consisting of at least one (1) member (or such greater number as shall be required by the Professional Corporation Act of the applicable jurisdiction or other applicable laws) who shall be (i) duly licensed to practice in the medical industry in the applicable jurisdiction and designated as a licensed professional in accordance with the Professional Corporation Act of such jurisdiction, (ii) who is otherwise qualified hereunder and (iii) who is not legally disqualified (temporarily or permanently) under the Professional Corporation Act ( a licensed person who is not legally disqualified is hereinafter referred to as a “Qualified Medical Professional”);”
Qualified Directors. Within 30 days of the effective date of this Agreement, the board of directors of Lineage FN shall submit a written plan to the Reserve Bank to ensure it operates in accordance with applicable laws and regulations. The plan shall include the following two items:
