Board Term means the approximate 12-month period commencing on the date of the Company’s annual meeting of shareholders at which Board members are elected or appointed for the year.

Board Term means the annual term of the Board, which shall coincide with the corporation’s fiscal year, commencing May 1st and ending April 30th of any given calendar year.

Board Term means the four-year term beginning the first Monday in June in the year immediately following a gubernatorial election.

Examples of Board Term in a sentence

The Board Term Limit Policy gives the Board the discretion to recommend that a non-executive director’s term be extended, or to request the resignation of a non-executive director before the expiration of the 12-year limit.
Accordingly, to balance the benefit of experience and the need for renewal and new perspectives, the Board has established a 12-year term limit for non-executive directors under its Board Term Limit Policy.
AMENDED AND RESTATED COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORS 2020 AMENDMENT AND RESTATEMENT Election to Receive Shares in Lieu of Cash for quarterly retainers To be effective for the 2016 term of the Board (“Board Term”), commencing January 1, 2016 and any future Board Term as provided below.
Directors must be natural persons who are 18 years of age or older but need not be residents of the State of Delaware, stockholders of the Corporation or citizens of the United States.2.2 Staggered Board; Term; Sunset Provision.
Any Designated Director shall sign a resignation letter which shall become effective as of the end of the Board Term.

More Definitions of Board Term

Board Term means, in respect of a Director, the period from the date of the first Board meeting immediately after the Annual General Meeting of the year in which the Director is appointed until the date of the Board meeting immediately after the Annual General Meeting in the calendar year three (3) years thereafter.

Board Term means the annual term of the Board, which shall coincide with the corporation’s fiscal year, commencing June 1st and ending May 31st.

Board Term means each Board year beginning on the date of an annual meeting of the Company's shareholders and ending on the date immediately preceding the next annual meeting of the Company's shareholders.

Board Term means, with respect to the Board of Directors of the Company or any New Entity, a time period of five years from the date the first Purchasers' Representative is appointed to the Company's Board of Directors and, with respect to the Executive Committee or the executive committee of a New Entity, a time period commencing on the date the first Purchasers' Representative is elected to any such committee and ending on the date on which all principal and interest owed hereunder and under the Notes have been paid in full by the Company. In the event the Purchasers' Representative resigns or otherwise is unable to serve on the Company's Board of Directors and the Executive Committee or on the board of directors and executive committee of any New Entity, the Purchasers shall designate an individual (the "Replacement Representative") to replace such representative and the Company shall nominate such Replacement Representative and shall exercise its best efforts to cause the vacancy to be filled by such Replacement Representative. The Replacement Representative shall serve on the Company's Board of Directors and Executive Committee (and on the board of directors and executive committee of any New Entity) for the remaining time period of the Board Term. The Company shall cause its Certificate of Incorporation and By-Laws to be amended to the extent necessary to comply with the provisions of this Article 12.

Board Term means each Board year beginning on the date of an annual meeting of the Company’s stockholders and ending on the date immediately preceding the next annual meeting of the Company’s stockholders.

Board Term has the meaning as set out in Clause 6.2.

Board Term means the approximate 12-month period commencing on the date of the Board member’s election or appointment.