Board Right Period definition

Board Right Period shall have the meaning set forth in Section 3.1(a).
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Board Right Period means with respect to a Stockholder Designee the period from the date of this Agreement until the date on which a Board Right Termination Event shall occur as to such Stockholder Designee.
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Board Right Period means the period from the date of this Agreement until the date on which the Board Right Termination Event occurs.
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Examples of Board Right Period in a sentence

  • During the Board Right Period and except as required by applicable law, the Company shall not take any action to cause the removal (without cause) of a Founder Designee or a TDR Designee or a Founder Director or a TDR Director.

  • The parties hereby agree to discuss in good faith prior to the end of the Initial Board Right Period (i) the business collaboration achievements of the Company and the Buyers, and (ii) the extension of the Board Rights provided to the Buyers under this Section 6.1 for an additional period beyond the Initial Board Right Period.


More Definitions of Board Right Period

Board Right Period means the period during which the Employee shall not ----- ----- ------ have irrevocably waived by written notice to the Company and the other Xxxxxx Stockholders, or granted an irrevocable proxy in favor of the other Xxxxxx Stockholders to exercise, his rights to participate with the other Xxxxxx Stockholders in designating one or more directors of the Company pursuant to Section 3.1 of the Stockholder Agreement or to attend board meetings pursuant to Section 6.2(l) of the Investment Agreement; provided, however, the Employee -------- ------- shall be deemed to have irrevocably waived such rights at any time, and so long as, none of the Employee, the Xxxxxx Family Trust or any other Xxxxxx Stockholder (other than H. Xxxxx Xxxxxx or the Xxxxx Trust) owns any Common Stock or other Securities (each of the defined terms used in this definition and not otherwise defined in this Agreement having the same meanings herein as in the Stockholder Agreement).
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Board Right Period means the period during which the Employee shall not ------------------ have irrevocably waived by written notice to the Company and the other Xxxxxx Stockholders (as defined in the Stockholder Agreement), or granted an irrevocable proxy in favor of the other Xxxxxx Stockholders to exercise, his rights to participate with the other Xxxxxx Stockholders in designating one or more directors of the Company pursuant to Section 3.1 of the Stockholder Agreement or to attend board meetings pursuant to Section 6.2(l) of the Investment Agreement.
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Related to Board Right Period

  • Grant Period means the period between Effective Date and Expiration Date of the Grant Award Agreement during which time expenditure of all grant funds and all contributions to match must be made.

  • Put Period shall have the meaning set forth in Section 5(a) hereof.

  • Blackout Period shall have the meaning set forth in Section 3(n).

  • Opt-Out Period means the period that begins the day after the earliest date on which the Notice is first distributed, and that ends no later than 30 days before the Final Approval Hearing. The deadline for the Opt-Out Period shall be specified in the Notice.

  • Base Period means (i) the test period ending December 31, 2010 (or, if the Commission has elected to stagger its biennial reviews of utilities as provided in subdivision 1, the test period ending December 31, 2010, for a Phase I Utility, or December 31, 2011, for a Phase II Utility), or (ii) the most recent test period with respect to which credits have been applied to customers' bills under the provisions of this subdivision, whichever is later.

  • Long Term Dividend Period means a Special Dividend Period consisting of a specified period of one whole year or more but not greater than five years.

  • Payback Period means the reasonably estimated period of time that it takes for the cost savings resulting from a capital improvement to equal the total cost of the capital improvement. Landlord, by itself or through an affiliate, shall have the right to directly perform, provide and be compensated for any services under this Lease. If Landlord incurs Expenses for the Building or Property together with one or more other buildings or properties, whether pursuant to a reciprocal easement agreement, common area agreement or otherwise, the shared costs and expenses shall be equitably prorated and apportioned between the Building and Property and the other buildings or properties.

  • Run-Out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Change of Control Put Period means the period of 45 days after a Change of Control Put Event Notice is given;

  • Black-Out Period means any “black-out” or similar period under the Corporation’s policies covering trading in the Corporation’s securities to which the applicable Redeeming Member is subject (or will be subject at such time as it owns Class A Common Stock), which period restricts the ability of such Redeeming Member to immediately resell shares of Class A Common Stock to be delivered to such Redeeming Member in connection with a Share Settlement.

  • Licence Period , in relation to a licence, means each calendar year during which, or during any part of which, the licence is in force;

  • Special Dividend Period means a Dividend Period consisting of (i) a specified number of days (other than seven), evenly divisible by seven and not fewer than seven nor more than 364 or (ii) a specified period of one whole year or more but not greater than five years (in each case subject to adjustment as provided in paragraph 2(b)(i)).

  • Free period means any Period other than the Prohibited Period.

  • Issuance Period shall have the meaning specified in paragraph 2B(2).

  • Scheduled Black-Out Period means the period from and including the last day of a fiscal quarter of the Company to and including the business day after the day on which the Company publicly releases its earnings for such fiscal quarter.

  • Base Period Income is an amount equal to Executive's "annualized includable compensation" for the "base period" as defined in Sections 280G(d)(1) and (2) of the Code and the regulations adopted thereunder. Generally, Executive's "annualized includable compensation" is the average of Executive's annual taxable income from Company for the "base period," which is the five calendar years prior to the year in which the Change of Control occurs. These concepts are complicated and technical and all of the rules set forth in the applicable regulations apply for purposes of this Agreement.

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Shelf Suspension Period See Section 3(a) hereof.

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

  • Change in Control Period means the period beginning three (3) months prior to a Change in Control and ending twelve (12) months following a Change in Control.

  • Clawback Period means, with respect to any Accounting Restatement, the three completed fiscal years of the Company immediately preceding the Restatement Date (as defined below), and if the Company changes its fiscal year, any transition period of less than nine months within or immediately following those three completed fiscal years.