STAGGERED BOARD OF DIRECTORS Sample Clauses

STAGGERED BOARD OF DIRECTORS. At the Effective Date, Newco's Board of Directors shall be classified into three classes consisting of Classes A, B and C, with each class serving for staggered three year terms. As an initial matter, the Directors in Class A will serve for a term ending at Newco's annual meeting of stockholders in 1999; the Directors in Class B will serve for a term ending at Newco's annual meeting of stockholders in 2000; and the Directors in Class C will serve for a term ending at Newco's annual meeting of stockholders in 2001. At the Effective Date, the class A Directors shall consist of Gregxxx Xxxxxxx, Xxofxxxx Xxxxxx xxx Roel Xxxxxx; xxe Class B Directors shall consist of Mark Xxxxxx, Xxsexx Xxxxx, Xxllxxx Xxxxxxx xxx Terexxx X. Xxxxxxxxxx; xxd the Class C Directors shall consist of Stepxxx Xxxxxx, Xxed xxx den Bosch and Stepxxx X. Xxxxx.
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STAGGERED BOARD OF DIRECTORS. 1. The Board of Directors, other than those who may be elected by the holders of any class or series of Preferred Stock under specified circumstances, shall be divided into three classes: Class I, Class II and Class III.
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STAGGERED BOARD OF DIRECTORS. The number of directors of the Corporation shall be fixed from time to time in the manner set forth in the Bylaws.
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STAGGERED BOARD OF DIRECTORS. The Articles of Incorporation and/or Bylaws of VDAT shall have been amended to provide for a staggered Board of Directors as of the Effective Time as set forth in Section 1.4(c).
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STAGGERED BOARD OF DIRECTORS. XXXX’s board of directors is divided into three classes so that each director serves for a term ending on the date of the third annual meeting following the annual meeting at which such director was elected. In the event of any increase in the authorized number of directors, the newly created directorships resulting from such increase shall be apportioned among the three classes of directors so as to maintain such classes as nearly equal as possible, and the terms of any newly created directorships filled by the board from such increase in the number of directors shall expire at the next election of directors by the shareholders. Approximately one-third of the board of directors will be elected at each annual meeting of shareholders. The classification of directors, together with the provisions in the Articles of Incorporation and bylaws described below that limit the ability of shareholders to remove directors and that permit the remaining directors to fill any vacancies on the board of directors, have the effect of making it more difficult for shareholders to change the composition of the board of directors. As a result, at least two annual meetings of shareholders may be required for the shareholders to change a majority of the directors, whether or not a change in the board of directors would be beneficial and whether or not a majority of shareholders believe that such a change would be desirable, and three meetings, rather than one, would be required to replace the entire board.
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Related to STAGGERED BOARD OF DIRECTORS

  • Board of Directors The Board of Directors of the Company is comprised of the persons set forth under the heading of the Pricing Prospectus and the Prospectus captioned “Management.” The qualifications of the persons serving as board members and the overall composition of the board comply with the Exchange Act, the Exchange Act Regulations, the Xxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder (the “Xxxxxxxx-Xxxxx Act”) applicable to the Company and the listing rules of the Exchange. At least one member of the Audit Committee of the Board of Directors of the Company qualifies as an “audit committee financial expert,” as such term is defined under Regulation S-K and the listing rules of the Exchange. In addition, at least a majority of the persons serving on the Board of Directors qualify as “independent,” as defined under the listing rules of the Exchange.

  • Chairman of the Board of Directors The Chairman of the Board of Directors, if there be one, shall preside at all meetings of the Limited Partners and of the Board of Directors. The Chairman of the Board of Directors shall be selected from time to time by the Board of Directors. The Chairman of the Board of Directors shall also perform such other duties and may exercise such other powers as may from time to time be assigned by this Agreement or by the Board of Directors.

  • Board of Directors Meetings The Company shall use its best efforts to ensure that meetings of its Board of Directors are held at least four times each year and at least once each quarter.

  • Meetings of the Board of Directors The Corporation shall call, and use its best efforts to have, regular meetings of the Board not less often than quarterly. The Corporation shall promptly pay all reasonable and appropriately documented travel expenses and other out-of-pocket expenses incurred by directors who are not employed by the Corporation in connection with attendance at meetings to transact the business of the Corporation or attendance at meetings of the Board or any committee thereof.

  • Board of Directors; Officers The Board of Directors and officers of Sub immediately prior to the Effective Time shall be the Board of Directors and officers, respectively, of the Surviving Corporation, until the earlier of their respective resignations or the time that their respective successors are duly elected or appointed and qualified.

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