Board Seats definition

Board Seats. The number of members of the board of directors of the Borrower (the “Board of Directors”) shall (i) shall either remain as 7 members and X. Xxxxx shall have the right to elect 3 of such members or (ii) shall be reduced to 5 members and X. Xxxxx shall have the right to elect 2 of such members. The A&R Credit Agreement shall modify the definition of Change of Control accordingly.
Board Seats shall have the meaning set forth in Section 6.2(a) of this ----------- -------------- Agreement.
Board Seats. In connection with and upon the completion of the Disposal, OEL shall procure the nomination and appointment of two (2) persons, as nominated by the Company, to the Board of Directors of OEL as non-executive directors, subject to the requirement of the Catalist Rules of SGX-ST.

Examples of Board Seats in a sentence

  • All 21 of the 21 Board Seats were filled (by election or appointment).

  • Twenty of the 21 Board Seats were filled (by election or appointment).

  • Ten of the 14 Board Seats were filled (by election or appointment).

  • Each board seat created by increasing the size of the Board of Directors in excess of the Initial Board Seats pursuant to this Section 2.1 shall be referred to herein as an “Additional Board Seat.” The Company shall increase the size of the Board of Directors pursuant to this Section 2.1 to create an Additional Board Seat upon the request of a Sponsor Stockholder that is then entitled to designate a nominee to fill an Additional Board Seat.

  • Each Party agrees not to take any action, as a stockholder or otherwise, to nominate directors for election to: (i) the Initial Board Seats in excess of the number of nominees that such Party is then entitled to designate pursuant to Section 2.2 of this Agreement or (ii) the Additional Board Seats in excess of the number of nominees that such Party is then entitled to designate pursuant to Section 2.3 of this Agreement.

  • The Initial Board Seats shall be filled by director nominees designated as set forth below.

  • The Leader announced his Executive Board Members to Council at the AGM, and the new allocation of seats between the Plaid and Independent Coalition, being 7 Executive Board Seats for Plaid and 3 for the Independents, with the office of Deputy Leader being given to the Independent Group.In January 2018 the Executive Board approved their ‘Moving Forward in Carmarthenshire: the next 5-years’ plan.

  • Such election shall be by secret ballot when there is competition for the Board Seat(s) to be filled.

  • Multiple Board Seats The Board shall consider the number of directorship that its members can hold in other corporations.

  • Twelve of the 13 Board Seats were filled (by election or appointment).


More Definitions of Board Seats

Board Seats. Xxxx Capital shall be entitled to elect two representatives to the Company’s board of directors, who shall be reimbursed for costs and expenses incurred in attending board meetings.

Related to Board Seats

  • Sandwich Board Sign means a temporary sign made of metal, wood, chalkboard, or white board that is not permanently attached to the ground and generally oriented to pedestrians.

  • 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

  • School board means the governing board of directors of the local school district.

  • Deputy Director means the Deputy Director of the Authority, as the case may be.

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

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

  • Continuing Directors means, as of any date of determination, any member of the Board of Directors of the Company who (i) was a member of such Board of Directors on the date of this Indenture 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 at the time of such nomination or election.

  • 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.

  • Board Members means the Directors or Trustees of the governing body of the Fund, as the case may be.

  • Board Chair means the chair of the Board;

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

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

  • 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.

  • Full Board means the authorized number of voting members of the Board of Education.

  • Continuing Director means, with respect to any Person as of any date of determination, any member of the board of directors of such Person who (a) was a member of such board of directors on the Closing Date, or (b) 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 at the time of such nomination or election.

  • entire Board of Directors means the total number of directors which the Corporation would have if there were no vacancies.

  • (1) BOARD.—The term Board’ means the

  • Lead Director means, at any given time, the lead, independent member (if any) elected as such by the Board and occupying such position.

  • Company Director means a member of the Board.

  • Athletic director means an individual responsible for administering the overall athletic program of an educational institution or, if an educational institution has separately administered athletic programs for male students and female students, the athletic program for males or the athletic program for females, as appropriate.

  • Board Change means, during any period of two consecutive years, individuals who at the beginning of such period constituted the entire Board cease for any reason to constitute a majority thereof unless the election, or the nomination for election, of each new director was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period.

  • Regional Board means a California regional water quality control board.

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

  • Subsidiary Board means the board of trustees of a subsidiary corporation.

  • Board of Directors means the board of directors of the Company.

  • Board means the Board of Directors of the Company.