Board Threshold definition
Examples of Board Threshold in a sentence
Any Purchaser Designee appointed or nominated to the Board of Directors pursuant to this Section 5.6 shall, subject to the Board Threshold, continue to hold office until such Purchaser Designee’s term expires, subject, however, to prior death, resignation, replacement, retirement, disqualification or termination of term of office.
Each Investor Director appointed pursuant to this Section 4.1 shall, subject to the Board Threshold, continue to hold office until such Investor Director’s term expires, subject, however, to prior death, resignation, retirement, disqualification or termination of term of office as provided in Section 4.4.
Subject to the Board Threshold, at each meeting of the Company’s stockholders at which the election of directors is to be considered, the Company shall nominate the Investor Director(s) designated by the Majority Sponsor Investors for election to the Board by the holders of Voting Stock and solicit proxies from the Company’s stockholders in favor of the election of Investor Directors.
Subject to the Board Threshold, one Investor representative shall be seated on the Patni board of directors and an additional Investor representative shall serve as an observer (in each case, from and after the date that the Company obtains the ability to nominate any directors to the Patni board of directors) and shall have representation on committees of the Patni board of directors until Patni becomes a wholly owned Subsidiary of the Company.
Subject to the Board Threshold, in addition to any observer designated pursuant to Section 4.5 above, the Majority Sponsor Investors shall at all times have the right to designate one non-voting observer to attend Board meetings as an observer.
Any Investor Director appointed or nominated to the Board of Directors pursuant to this Article 7 shall, subject to the Board Threshold, continue to hold office until such Investor Director’s term expires, subject, however, to prior death, resignation, replacement, retirement, disqualification or termination of term of office as provided in Section 7.04.
The Company and the Board agree to take such actions reasonably necessary to appoint such individual to the Board as soon as practicable following the Tranche 2 Closing or Board Threshold Date, as applicable(subject to compliance with all applicable Laws and Exchange Regulations, including the requirement that the Board be comprised of a majority of independent directors).
The levels of need set out in the Slough Local Safeguarding Children’s Board Threshold Document, should be used by ALL agencies and practitioners to identify needs and risks.
The Company and the Board agree to take such actions reasonably necessary to appoint such individual to the Board as soon as practicable following the Transfer Agreement closing or Board Threshold Date, as applicable (subject to compliance with all applicable Laws and Exchange Regulations, including the requirement that the Board be comprised of a majority of independent directors).