Appointment Right definition

Appointment Right means the right of a Shareholder to nominate or recommend a person for appointment as a Director in accordance with the applicable provisions of Article 5.2;
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Appointment Right has the meaning set forth in Section 8.7(a) hereof.
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Appointment Right has the meaning set forth in Section 4.1.
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Examples of Appointment Right in a sentence

  • To exercise their Appointment Right, the Requisite Purchasers shall give prompt written notice to the Company (the “Appointment Notice”) of their intention to cause, to the extent consistent with Section 8.7(c), a Company Sale, which Appointment Notice shall identify three investment banks chosen by the Requisite Purchasers to conduct such Company Sale.

  • Notwithstanding the foregoing, if either of the Members sharing a particular Appointment Right (but not both) experience a Change in Control, such Appointment Right shall be solely vested in the Member, if any, which did not experience a Change in Control.

  • The number of directors on the Board shall be no less than six (6) but no more than ten (10), including any External Directors required to be appointed by the Companies Law (if required) and including the Founder Director permitted to be appointed pursuant to Article 65 (unless the Appointment Right pursuant to such Article is suspended).

  • In the event that both of the Members sharing a particular Appointment Right lose their appointment and removal rights in accordance with this Section 8.4, such Appointment Right shall immediately expire.

  • Once the Founders, together with their respective Permitted Transferees, do not jointly hold Voting Control of two percent (2%) or more of the Company’s outstanding ordinary shares, the Appointment Right of this Article shall terminate.

  • Any Appointed Manager or any Independent Manager appointed pursuant to an Appointment Right may be removed only by his Appointing Member, or the Member or Members having the Appointment Right with respect to such Independent Manager (as applicable), in accordance with Section 8.3. Any other Independent Manager may be removed at any time with or without cause by the vote of two-thirds (2/3) of the Members.

  • In the event that only one Founder, together with his Permitted Transferees, holds Voting Control of two percent (2%) or more of the Company’s outstanding ordinary shares, the Appointment Right and right of removal set forth in the previous sentence shall inure solely to such Founder (by way of written notice signed by such Founder); provided, however, that the Appointment Right shall be suspended if such Founder is otherwise serving on the Board.

  • The Board Observer Right and the Director Appointment Right may be assigned by a Purchaser in whole or in part to (i) its Affiliates and (ii) any subsequent holder of Preferred Units, provided that such transfer was not in violation of the Partnership Agreement or the Purchase Agreement.

  • Rights of Holders of Series A Preferred Stock arising as a result of a Board Appointment Right Triggering Event shall continue until such time as all Board Appointment Right Triggering Events have been cured or waived.

  • The Appointment Right can furthermore be regarded as an expression of FSE KGaA's close relationship with the Company and its continued commitment to fostering the Company's business as its largest shareholder.Fresenius Medical Care AG & Co. KGaAConversion ReportPage 31– NON-BINDING CONVENIENCE TRANSLATION –All other shareholder representatives of the AG Supervisory Board would be elected by the Company's shareholders (including FSE KGaA) at the general meeting by a simple majority of the votes cast.

Related to Appointment Right

  • Appointment means the appointment of any Seller to act in a Corporate Trust Capacity under any of the Corporate Trust Contracts of the Business.

  • Appointment Date shall have the meaning specified in Section 9.02(a).

  • Initial appointment means appointment made otherwise than by promotion or transfer;

  • Provisional appointment means the employment of a person to a vacant position for no more than a six-month period for emergency or in interim conditions. The General Manager may extend a provisional appointment for up to an additional six-month period.

  • Succeeded Appointment means any Appointment for which a Succession Time has occurred.

  • Letter of Appointment means the written communication by SAICA to the Contractor recording the acceptance by SAICA of Contractor’s bid subject to the further terms and conditions to be itemized in the contract;

  • Restricted Appointment means (a) any Appointment for which the applicable Authorizations have not been obtained, and (b) any Appointment for which the maturity date of the applicable Corporate Trust Contract is on or before June 30, 2022.

  • Power of appointment means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. The term does not include a power of attorney.

  • Excluded Appointments means those Appointments designated from time to time as "Excluded Appointments" by agreement of the parties.

  • Appointee means the person named by you and registered with us in accordance with the Nomination Schedule, who is authorized to receive the Death Benefit under this Policy on the death of the Life Assured while the Nominee is a minor;

  • Appointed Director means a person appointed in accordance with these bylaws as an appointed director or appointed as a replacement director for an appointed director;

  • Appointed means the act of naming or designating someone to a position or office.

  • General power of appointment means a power of appointment exercisable in favor of the powerholder, the powerholder's estate, a creditor of the powerholder, or a creditor of the powerholder's estate.

  • Probationary appointment means an appointment which is without continuing appointment status and which is neither a soft money nor non-renewable fixed length appointment. Probationary appointees may be removed subject to the provisions of this Article; Article 7,

  • Exclusive representative means the labor organization that, as a result of certification by

  • Notice of Replacement Subordination Agent has the meaning specified in Section 3.08.

  • Appointed Representative has the meaning set forth in Section 10.1.

  • New Director means an individual whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the Date of Grant or whose election or nomination for election was previously so approved or recommended. However, “New Director” shall not include a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation relating to the election of directors of the Company.

  • appointor means in relation to an alternate Director, the Director who appointed the alternate to act as his alternate;

  • Replacement Notice is defined in Section 4.11.

  • Director Emeritus means a person serving as a director emeritus, advisory director, consulting director, or other similar position as may be appointed by the Board of Directors of the Savings Bank or the Company from time to time.

  • Board Representative has the meaning set forth in Section 4.18.

  • Independent Manager shall refer to a member of the Board that meets the standards of an “independent director” set forth in NASDAQ Marketplace Rule 4200(a)(15) (on any successor rule) with respect the Company, the Administrator and their respective affiliates. In the event a Special Committee is formed, the term “Independent Manager” shall, as the context requires, refer generically to each Independent Manager.