Board Rights definition

Board Rights means the right to nominate Directors to the Board as set forth in Section 2(d) of this Agreement, as it may be modified by Section 2(e) and Section 2(f).
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Board Rights. Full Time Employee ••••• ........................... Grievance Procedure •••• ........................... 14 1 1 18, 15 19
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Board Rights. The New Equity Holders will have the following rights: § The New Equity Holders initially will have the right to designate two directors for a 2-year term, each of whom shall be (i) independent under the standards promulgated by the SEC for a public company listed on the NYSE, (ii) not employed by and unaffiliated with and unassociated with any Holdco PIK Loan Holder, (iii) initially selected by the Lockup Parties and (iv) subject to approval of Travelport, not to be unreasonably withheld or delayed; however, if Travelport rejects 2 consecutive proposed directors then, as to all proposed directors for such designation thereafter, Travelport will have 10 business days to consent and can only reject the candidate on the basis of (x) reasonable competitive concerns, (y) reasonable confidentially concerns or (z) adverse material financial impact. Equity holders of Worldwide will covenant to nominate and elect two directors so long as the New Equity Shares then held by the New Equity Holders constitute at least 20% of the Worldwide Shares (excluding the Management Shares). The equity holders of Worldwide will covenant to re nominate and re elect such directors so long as the New Equity Holders designate such directors. § The Shareholders Agreement will terminate upon an IPO of Worldwide or any Upper Tier Entity (other than provisions with respect to registration rights described below) or sale of 100% of equity interest of Worldwide or any Upper Tier Entity (by sale, amalgamation or merger).
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Examples of Board Rights in a sentence

  • Board Rights: The Board reserves the right to take up, consider and act upon any other and further matters necessary or convenient for the orderly operation of the district and its schools.

  • Capitalized terms used but not otherwise defined herein, shall have the respective meanings ascribed therefor in the Board Rights Agreement.

  • Section 1 – Management & Board Rights The board hereby retains and reserves unto itself, without limitation, all powers, rights, authority, duties and responsibilities conferred upon and vested in it by the laws and the constitution of the state of Michigan and of the united states, provided that such rights and responsibilities shall be exercised by the board and in conformity with the provisions of this contract.

  • CLARENCEVILLE SCHOOL DISTRICT - Board Rights and Responsibilities It is expressly agreed that all rights which ordinarily vest in and have been exercised by the Board, except those which are clearly and expressly relinquished herein by the Board, shall continue to vest exclusively in and be exercised exclusively by the Board without prior negotiations either as to the taking of action under such rights or with respect to the consequence of such action during the term of this Agreement.

  • Notwithstanding the foregoing, each Principal Stockholder may assign, in whole, but not in part, its rights under this Agreement as a Principal Stockholder (including, without limitation, its Board Quorum Rights, Board Rights, Committee Rights, Subsidiary Board Rights, Stockholder Quorum Rights, Consent Action Rights, Tag-Along Rights, Registration Rights, Preemptive Rights, Inspection Rights and Information Rights) to any Complete Rights Transferee (an “Assignment in Whole”).

  • The rights of the Series A Preferred Observer to receive notice of, and attend, meetings of the Board (and receive any related documents, information or materials) shall automatically terminate upon Fall-Away of Investor Board Rights.

  • Following the Closing and until the occurrence of the Fall-Away of Investor Board Rights, the Investors will have the right to appoint one director to the Board (the “Series A Preferred Director”) and shall be entitled to appoint one observer to attend (but not vote at) meetings of the Board (the “Series A Preferred Observer”).

  • Following the delivery of a Board Rights Waiver, the Fall-Away of Investor Board Rights shall be deemed to have occurred solely for the purposes of this Section 12(c).

  • The Board has the right to determine class schedules (Article III, Board Rights).

  • Upon Fall-Away of Investor Board Rights, the Series A Preferred Director shall automatically vacate office and the Board seat reserved for the Series A Preferred Director shall be eliminated, unless in each case otherwise resolved by Resolution of Directors.


More Definitions of Board Rights

Board Rights shall have the meaning set forth in SECTION 6.1.
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Board Rights means all rights of any Person to nominate Directors to the Board as set forth in the Warrantholder Rights Agreement dated as of December 12, 2013, among the Company and the investors party thereto (the “Warrantholder Rights Agreement”).”
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Board Rights. The Board of Directors of Holdings and the Company (the “Company Board”) shall be identical and shall initially consist of 6 directors, each of whom shall be appointed by Bxxxxx; provided, however, that (i) one such director shall be Mxxxxx for so long as he either (x) remains Chairman and Chief Executive Officer of the Company or (y) retains 50% of the Common Stock held by him as of the date of the Stockholders Agreement and (ii) one such director shall be Mxxxx for so long as he retains 50% of the Common Stock held by him as of the date of the Stockholders Agreement. In the event that Mxxxxx or Mxxxx or should die or resign from the Company Board or lose their right to a seat on the Company Board as set forth above, then in all such cases such individual shall lose his right to a seat on the Company Board, and the director to fill such seat shall be appointed by Bxxxxx in its sole discretion. Initially, Bxxxxx’ other four appointments to the Company Board (in addition to Mxxxxx and Mxxxx) shall be Pxxxxxx X. XxXxx, Rxxxxxx X. Xxxxxxxx, Lxxxx X.
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Board Rights has the meaning ascribed thereto in section 2.3.
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Board Rights means the rights granted to Pacific Road under the Investment Agreement to appoint nominees to the Luna Board;
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Related to Board Rights

  • Unrestricted Stock Award means an Award of shares of Stock free of any restrictions.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Unrestricted Stock means an Award pursuant to Section 11 hereof.

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

  • Board Rules means the administrative rules and regulations promulgated by the

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Restricted Stock Plan means the RPM, Inc. 1997 Restricted Stock Plan and any successor plan or arrangement thereto.

  • INDEPENDENT STOCK APPRECIATION RIGHT or "INDEPENDENT RIGHT" means a right granted pursuant to subsection 8(b)(3) of the Plan.

  • Board or Board of Directors means the Board of Directors of the Company.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Restricted Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a).

  • Stock Appreciation Right or “SAR” means a right to receive the appreciation on Common Stock that is granted pursuant to the terms and conditions of Section 5.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • 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.

  • CONCURRENT STOCK APPRECIATION RIGHT or "CONCURRENT RIGHT" means a right granted pursuant to subsection 8(b)(2) of the Plan.

  • Restricted Stock Unit means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.

  • Restricted Stock Bonus means Stock granted to a Participant pursuant to Section 8.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Other Stock Award means an award based in whole or in part by reference to the Common Stock which is granted pursuant to the terms and conditions of Section 6(d).

  • Stock Awards means all stock options, restricted stock and such other awards granted pursuant to the Company’s stock option and equity incentive award plans or agreements and any shares of stock issued upon exercise thereof.

  • Stock Appreciation Rights or “SAR” means a right granted to a Participant under Section 6(c).

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Director Award means the grant of any Award (other than an Incentive Stock Option), whether granted singly, in combination, or in tandem, to a Participant who is a Director pursuant to such applicable terms, conditions, and limitations established by the Board.

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Unrestricted Shares means a grant of Shares made on an unrestricted basis pursuant to Section 13 of the Plan.

  • Other Stock Unit Award means any right granted to a Participant by the Committee pursuant to Section 10 hereof.