Approval of the Board definition

Approval of the Board or "APPROVED BY THE BOARD" means the approval of a majority of the then elected and qualified Managers on the Board. For purposes of taking any action or voting on any matter coming before the Board, each Manager shall have one vote.
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Approval of the Board or “Board acting by Approval” and any grammatical variation thereof, shall mean consent, approval or vote of a majority of the Managers then in office at a meeting at which a quorum is present as defined in Section 7.2(h).
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Approval of the Board. “Approved by the Board”, “Approval of the Managers” or “Approved by the Managers” means, with respect to any referenced group of Managers, the affirmative approval of a Majority of such Managers by voting power, as set forth in Section 5.9(a).
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Examples of Approval of the Board in a sentence

  • Unless otherwise provided for herein, Approval of the Board shall be necessary to conduct the business of the Company.

  • Approval of the Board shall not be required for any such elections for 1999 but shall be required in accordance with the terms of this Plan for years after 1999.

  • Approval of the Board of Finance is required pursuant to NRS 319.270(4).

  • Approval of the Board of Directors of the Bank is required as a condition for receiving a reduced early retirement benefit.

  • Approval of the Board will not be required for updating the List of events as given in annexure, if required to comply with the Listing Regulations 2015.

  • The Tax Matters Partner agrees to promptly notify the Members upon the receipt of any correspondence from any U.S. federal, state or local tax authorities relating to any examination of the Company’s affairs, to consult with and allow for the participation by the Members in connection with the making of any elections, the progress of any such examination, and further the Tax Matters Partner agrees not to settle any tax matters resulting from such examination without the Approval of the Board of Directors.

  • Any attempted action in contravention of the preceding sentence shall be null and void ab initio, and not binding upon the Company unless ratified with the Approval of the Board of Directors.

  • In the event of the resignation, removal, incapacity or expiration of term of employment of any member of the Executive Management Team, a successor may be appointed by the Board by Supermajority Approval of the Board.

  • Amounts treated as advanced to any Member pursuant to this Section shall be repaid by such Member to the Company within thirty (30) days after the Board, acting by Approval of the Board of Managers, give notice to such Member making demand therefore.

  • Bank accounts and/or other accounts of the Company shall be maintained in such banking and/or other financial institution(s) as shall be selected by Approval of the Board, and withdrawals shall be made and other activity conducted on such signature or signatures as determined by Approval of the Board.


More Definitions of Approval of the Board

Approval of the Board or “Approved by the Board” means the vote, consent or approval of not less than a majority of the members of the Board of Directors.
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Approval of the Board or “Approved by the Board” means the vote, consent, or approval of not less than a majority of a quorum of the Category A Directors and not less than a majority of a quorum of the Category B Directors (with the amount constituting a quorum in each such category to be determined from time to time by the directors therein as described in Section 12.3). Stated differently, Approval of the Board shall be determined through “block voting,” such that, in order to have been Approved by the Board, an action must have received the vote, consent, or approval of a majority of a quorum of both the Category A Directors (with the amount constituting a quorum of the Category A Directors being determined solely by the Category A Directors pursuant to Section 12.3) and the Category B Directors (with the amount constituting a quorum of the Category B Directors being determined solely by the Category B Directors pursuant to Section 12.3). Notwithstanding the foregoing, from and after either (i) the date upon which the UTHSCT Member sells, assigns, or transfers all or any portion of its Units to any Person other than The University of Texas System, the Board of Regents, or another institution of The University of Texas System or an Ardent Affiliate or (ii) at the election of the Ardent Member, the first date upon which the Sharing Percentage of the UTHSCT Member is less than [***], “Approval of the Board” shall mean the vote, consent, or approval of not less than a simple majority of the Board of Directors. Any vote, consent, or approval that constitutes the Approval of the Board shall constitute the action of the Board.
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Approval of the Board or “Approved by the Board” 2
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Approval of the Board or “Approved by the Board” means the vote, consent or approval of not less than a majority of a quorum of Category A Directors and not less than a majority of a quorum, of the Category B Directors (with the amount constituting a quorum in each such category to be determined from time to time by the directors therein). That is, ail action taken by the Board of Directors shall be accomplished through “block voting”- i.e., all actions of the Board will require the vote, consent or approval of a majority of a quorum of both the Category A Directors (with the amount constituting a quorum of the Category A Directors being determined solely by the Category A Directors) and the Category B Directors (with the amount constituting a quorum of the Category B Directors being determined solely by the Category B Directors) pursuant to Section 12.3. Such vote, consent or approval by both the Category A Directors and Category B Directors shall constitute the action of the Board of Directors.
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Approval of the Board or “Approved by the Board” means the initial approval by the Compensation Committee and, except with respect to certain approvals required by Section 162(m) of the Internal Revenue Code of 1986, as amended (“Section 162(m)”) to be completed solely by the Compensation Committee, the subsequent recommendation by the Compensation Committee to, and approval by, the Board of Directors.
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Related to Approval of the Board

  • Member of the Board means an individual who is a member of the Board or of the board of directors of a Subsidiary or an Affiliate.

  • Sanctions Committee means the Committee of the United Nations Security Council which was established pursuant to paragraph 18 of United Nations Security Council Resolution ("UNSCR") 1737 (2006);

  • Board Approval means the affirmative vote of a majority of the Disinterested Directors of the Company or a unanimous written consent of the Board of Directors of the Company duly obtained in accordance with the applicable provisions of the Company's certificate of incorporation, bylaws and applicable law.

  • CFIUS Approval means that any of the following shall have occurred: (a) the review period under the DPA commencing on the date that a CFIUS Notice is accepted by CFIUS shall have expired and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS to the effect that such review has been concluded and that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, (b) an investigation under the DPA shall have been commenced after such review period and CFIUS shall have determined to conclude all action under the DPA without sending a report to the President of the United States, and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, or (c) CFIUS shall have sent a report to the President of the United States requesting the President’s decision and either (i) the President shall have announced a decision not to take any action to suspend or prohibit the Contemplated Transactions or, (ii) the period under the DPA during which the President may announce his decision to take action to suspend, prohibit or place any limitations on the Contemplated Transactions shall have expired without any such action being threatened, announced or taken.

  • Requisite Approval means the affirmative vote of the holders of at least a majority of the shares of outstanding Company Common Stock and outstanding Company Preferred Stock voting as a single class.

  • IRB approval means the determination of the IRB that the research has been reviewed and may be conducted at an institution within the constraints set forth by the IRB and by other institutional and federal requirements.

  • Authority board means the board of directors of the state authority appointed under section 16.

  • Pre-approval means written notification via a pre-approval letter to Customer that Ameren Illinois has reviewed Customer's Application and determined that the project meets the program eligibility requirements for a maximum pre-approved incentive amount if the project is completed by the estimated completion date and all final application paperwork is submitted and approved.

  • Medical Board means the board of physicians as provided by this chapter.

  • Board of Studies means the Board of Studies of the University;

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Final Approval Hearing means the hearing before the Court where the Parties will request the Final Judgment to be entered by the Court approving the Settlement Agreement, the Fee Award, and the incentive award to the Class Representative.

  • MAA Approval means approval of an MAA by the applicable Regulatory Authority for marketing and sale of a Product in the Collaborator Territory, but excluding any Pricing and Reimbursement Approval.

  • Nominations Committee means the committee referred to as such in, and established pursuant to, Article 133;

  • Appeal Board means the State Charter School Appeal

  • FCC Approval means the FCC’s grant of the FCC Applications, including any grants by operation of law; provided that the possibility that an appeal, request for stay, or petition for rehearing or review by a court or administrative agency may be filed with respect to such grant, or that the FCC may reconsider or review such grant on its own authority, shall not prevent such grant from constituting FCC Approval for purposes of the Plan.

  • NDA Approval means the Approval of an NDA by the FDA for a Product in the U.S.

  • Joint Commercialization Committee or “JCC” has the meaning set forth in Section 3.4 (Joint Commercialization Committee).

  • Marketing Approval means all approvals, licenses, registrations or authorizations of the Regulatory Authority in a country, necessary for the manufacture, use, storage, import, marketing and sale of a Product in such country.

  • Approval means the written consent of the Authority.

  • Procurement Committee means a Committee constituted by the Employer to perform the functions as such under the terms and conditions of Contract.

  • Approval of a vehicle means the approval of a vehicle type with regard to sound;

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms:

  • the Board means the board of directors of the Company;

  • Supervisory Committee means an oversight committee elected at a general meeting;

  • Supervisory Board means the Supervisory Board of the Company.