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.
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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.
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Board Seats shall have the meaning set forth in Section 6.2(a) of this ----------- -------------- Agreement.
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Examples of Board Seats in a sentence

  • The respective Polytechnic shall make the admissions for seats reserved for the domicile/ residents of village Panchayat(s) on the basis of merit of Secondary School Examination (Matriculation) or equivalent qualifying examination through open advertisement. Wakf Board Seats at Seth Jai Parkash Polytechnic, Damla: 10 seats at S.J.P. Damla are horizontally reserved for nominees of Haryana Wakf Board (Chemical Engg.

  • The respective Polytechnic shall make the admissions for seats reserved for the domicile/ residents of village Panchayat(s) on the basis of merit of Secondary School Examination (Matriculation) or equivalent qualifying examination through open advertisement.⮚ Wakf Board Seats at Seth Jai Parkash Polytechnic, Damla: 10 seats at S.J.P. Damla are horizontally reserved for nominees of Haryana Wakf Board (Chemical Engg.

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

  • No Board Seats were vacant (some Alternate Seats were vacant; see below).

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

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

  • Nurture a corporate culture and value system that is anchored on sound business ethical principles and strengthen BPI’s own basic core values of 54 Section X143.1.d. of the MORB as amended by BSP Circular 969 “Enhanced Corporate Governance Guidelines for BSP Supervised Financial Institutions” 55 Ibid; Please see Policy on Multiple Board Seats on p.

  • May Acting Officers Temporarily Perform Duties of Board Members When Board Seats Are Vacant?The first question this statement addresses is whether any statute12 authorizes a government official to serve as an acting Board member.

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

  • We then use our data to operationalize each shareholder power hypothesis.3.5.1. Board Seats Common shareholders may have power through their representatives on the board.


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.
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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 him 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 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.

  • 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, exclusively and as a separate class, pursuant to the Certificate of Incorporation.

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

  • Continuing Director means at any date a member of the Board (i) who was a member of the Board on the date of the execution of this Agreement or (ii) who was nominated or elected subsequent to such date by at least a majority of the directors who were Continuing Directors at the time of such nomination or election or whose election to the Board was recommended or endorsed by at least a majority of the directors who were Continuing Directors at the time of such nomination or election; provided, however, that there shall be excluded from this clause (ii) any individual whose initial assumption of office occurred as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents, by or on behalf of a person other than the Board; or

  • 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.