Board Observer Rights definition

Board Observer Rights. Members that have the right to appoint board members will also have board observer rights.
Sample 1
Board Observer Rights. Executive will have the right throughout the Term (as defined below) to attend the Board of Directors' meetings of Trestle and Sunland, xxx xny committee's thereof, as a non-voting observer, and to receive all information provided to the directors thereof.
Sample 1
Board Observer Rights. The Investor would be entitled to designate a person reasonably acceptable to the Company to attend Board meetings as an invitee, who shall have all of the privileges and benefits of a Director of the Company except voting rights.
Sample 1

Examples of Board Observer Rights in a sentence

  • The holders of a majority of the outstanding shares of the Series A-1 Preferred Stock shall have the option to temporarily or permanently exchange their Board Observer Rights for two seats on the Board of Directors, each having one vote.

  • Notwithstanding the confidentiality provisions in Section 2.12, with respect to Cisco, all information received by Cisco pursuant to this Section 2.2 shall be “Confidential Information” subject to the confidentiality obligations of Cisco pursuant to the Cisco Board Observer Rights Agreement.

  • Notwithstanding the foregoing, this Section 2.12 shall not apply to Cisco and all confidential information received by Cisco pursuant to this Agreement shall be “Confidential Information” subject to the confidentiality obligations of Cisco pursuant to the Cisco Board Observer Rights Agreement.

  • Notwithstanding the foregoing, the Board Observer Rights provided in Section 4.11 hereof shall not inure to the benefit of any Participant hereunder or any other transferee or assignee, other than an Affiliate of Lender.

  • In the case of the Vendors, the Liaison Person shall be Stockholder Observer (as defined in the Board Observer Rights Letter).

  • This Amended and Restated Instrument of Accession shall be effective as of the Effective Date and, except for the Board Observer Rights, shall be an integral part of the Stockholders Agreement as of the Effective Date immediately upon execution by the undersigned parties.

  • In the context of Post’s business, the following are some examples of how personnel may come into possession of inside information: Board of Directors Seats or Board Observer Rights Post officers and employees might be asked to sit on the Board of Directors of a company or may be granted board observer rights to observe board meetings of a company.

  • Board Observer Rights and Frequency of Board Meetings .......................

  • Board Observer Rights and Frequency of Board Meetings...........................47 7.11.

  • In addition to Board Observer Rights, Consultant will continue to serve at the discretion of the Board as the Company’s Omsbudsman.

Related to Board Observer Rights

  • Board Observer has the meaning set forth in Section 8.13(c).

  • Observer has the meaning set forth in Section 2.6;

  • Observers has the meaning set forth in Section 6.1(c).

  • Investor Designee shall have the meaning set forth in Section 5(a).

  • Series B Director means any director of the Company that the holders of record of the Series B Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.

  • Investor Directors has the meaning set forth in Section 2(a).

  • Investor Director means any Director designated or nominated for election to the Board by the Investor Shareholders pursuant to Section 2.1 of this Agreement.

  • Permitted Holder Group shall have the meaning assigned to such term in the definition of “Permitted Holders.”

  • Whole Board means the total number of authorized directors whether or not there exist any vacancies in previously authorized directorships.

  • Parent Directors means the Directors elected or appointed pursuant to Articles 53 – 56 inclusive;

  • New Directors means any director whose election by the Board or whose 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 were Present Directors or New Directors.

  • Share Designation has the meaning assigned to such term in ‎Section 3.2(b).

  • Stockholder Group means the Stockholder and each Person (other than any member of the Company Group) that is an Affiliate of the Stockholder.

  • Shareholder Group means (i) Shareholder and (ii) any Affiliate or Shareholder Family Entity (as defined in the Shareholder's Agreement) of Shareholder (other than the Company).

  • Governance Rights means all of a Member's rights as a member of the LLC other than Financial Rights.

  • Approved Share Plan means any employee benefit plan which has been approved by the board of directors of the Company prior to or subsequent to the date hereof pursuant to which Ordinary Shares and standard options to purchase Ordinary Shares may be issued to any employee, officer, director or advisers for services provided to the Company in their capacity as such.

  • Continuing Directors means, as of any date of determination, any member of the Board of Directors who (i) was a member of such Board of Directors on the date of the Agreement or (ii) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election.

  • Series A Directors means the directors of the Company that have been solely designated by the holders of record of the Series A Preferred Stock pursuant to the Company’s Certificate of Incorporation, the Stockholders Agreement or otherwise.

  • Permitted Holders means (a) the Investors and (b) any Person with which one or more Investors form a “group” (within the meaning of Section 14(d) of the Exchange Act) so long as, in the case of this clause (b), the relevant Investors beneficially own more than 50% of the relevant voting stock beneficially owned by the group.

  • Stockholder Associated Person of any stockholder means (A) any person controlling, directly or indirectly, or acting in concert with, such stockholder, (B) any beneficial owner of shares of stock of the Corporation owned of record or beneficially by such stockholder or (C) any person directly or indirectly controlling, controlled by or under common control with such Stockholder Associated Person.

  • Shareholder Rights Plan means the amended and restated shareholder rights plan agreement dated as of November 10, 2015 between Parent and American Stock Transfer and Trust Company, LLC, as rights agent, as amended and restated as of April 18, 2016 as further amended, restated, succeeded or replaced from time to time, and any similar plan adopted from time to time;

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company's securities may be issued to any employee, officer or director for services provided to the Company.

  • Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

  • shadow director means, in relation to a company, any person in accordance with whose directions or instructions the directors of the company are accustomed to act, but the person is not deemed to be a shadow director by reason only that the directors act on advice given by that person in a professional capacity; and

  • Independent Directors means the members of the Board of Directors who are not officers or employees of the Manager.

  • Shareholder Associated Person of any Shareholder means (i) any person controlling, directly or indirectly, or acting in concert with, such Shareholder, (ii) any beneficial owner of shares of stock of the Corporation owned of record or beneficially by such Shareholder, and (iii) any person controlling, controlled by or under common control with such Shareholder Associated Person.