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 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 shall have the meaning set forth in SECTION 6.1.
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Examples of Board Rights in a sentence

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

  • The aforementioned sections of School Board Rights and duties shall not be deemed to exclude other inherent management rights and management functions not expressly reserved herein, and all management rights and management functions not expressly delegated in this Agreement are reserved to the District.

  • 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”).

  • 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.

  • If the Committee is unable to reach an agreement, the provisions of Article II, Board Rights and Responsibilities, shall apply.

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

  • The above Board Rights are subject to the provisions of Public Act 379 and the specific provisions of this Agreement.

  • Should a teacher believe that a particular disciplinary situation, as it has been processed and resolved within the framework of the building procedures, is detrimental to the academic environment of the District (as set forth in subsection 5 above), he or she shall have the right to petition the Labor Management Team of the school in question with the teacher or Article 22B (Association and Board Rights) and the Association/District Operational Guidelines for Labor Management Teams.

  • 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.

  • This Agreement and the Board Rights Agreement constitutes the entire agreement between the Parties hereto pertaining to the subject matter hereof, and supersedes any and all other written or oral agreements relating to the subject matter hereof existing between the Parties hereto.


More Definitions of Board Rights

Board Rights means the rights granted to Pacific Road under the Investment Agreement to appoint nominees to the Luna Board;
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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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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 B▇▇▇▇▇; provided, however, that (i) one such director shall be M▇▇▇▇▇ 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 M▇▇▇▇ 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 M▇▇▇▇▇ or M▇▇▇▇ 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 B▇▇▇▇▇ in its sole discretion. Initially, B▇▇▇▇▇’ other four appointments to the Company Board (in addition to M▇▇▇▇▇ and M▇▇▇▇) shall be P▇▇▇▇▇▇ ▇. ▇▇▇▇▇, R▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, L▇▇▇▇ ▇.
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Board Rights p. Building Use ••••••••••••••••••••••••••••••••••••••
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Board Rights has the meaning ascribed thereto in section 2.3.
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Board Rights. Bulletin Boards ••• ......... . Child Birth Leave •••••• Child Care Leave ••.••. Classifications •••••••••••••••••••••••••••••. Compensation ••••••••••••••••••••••••••••••••• Compensatory Time ••••••••••••••••••••••••••••••••• Contract Interpretation ••••••••••••••••••••••••••• Copies of Master Agreement •••••••••••••••••••••••• Cos t of Arb; tra t;on •••••••••••••••••••• ••••••••••• Court Appearance •• ..
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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).

  • Reserved Rights means all indemnities, including tax indemnities, liability insurance and the like to the extent that such right, title and interest in such indemnities or liability insurance proceeds have accrued in favor of Seller or the Owner Trustee (as defined below) prior to the Closing. Seller shall and does hereby also agree to assign to Purchaser, to the extent permitted by the terms thereof and by applicable law, all of Seller's rights, whether express or implied, under any vendor's or manufacturer's warranties, relating to the Equipment. Purchaser acknowledges and agrees that title to certain Equipment ("Trust Equipment" or "SPLP Equipment", as applicable) is held in, and the lessor of such Equipment is, one or more equipment trusts (in each case, an "Equipment Trust" or "Equipment Trusts") or special purpose limited partnerships (in each case, an "SPLP" or "SPLPs"), beneficial interests ("Beneficial Interests") in which trusts or limited partnerships are owned by Seller and legal title to which is held by an owner trustee (in each case, the "Owner Trustee") or the SPLP, as applicable.