Change in Board of Directors definition

Change in Board of Directors means the composition of the Board of Directors changes during any period of thirty-six (36) months, such that individuals who at the beginning of the period were members of the Board of Directors cease for any reason to constitute a majority thereof. For purposes of this Agreement a "Change in the Ownership of the Employer", "Change of a Substantial Portion of the Employer Assets", and "Change in Board of Directors" shall hereinafter be collectively referred to as a "Change of Control."ed to as a "Change of Control."
Sample 1
Change in Board of Directors means an occurrence deemed to have occurred if, with respect to any particular 24-month period (not including any period prior to the execution of this Agreement), the individuals who, at the beginning of such 24-month period, constituted the Board of the Company (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director (other than a director designated by a Person who has entered into an agreement with the Company to effect a transaction described in Section 1(f)(i), 1(f)(iii) or 1(f)(iv)) subsequent to the beginning of such 24-month period whose election, or nomination for election by the stockholders of the Company, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs 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;
Sample 1

Examples of Change in Board of Directors in a sentence

  • Compliance Report on Corporate Governance ParticularsClause of Listing AgreementCompliance Status Yes/No RemarksI Board of Directors Change in Board of Directors since the Companyís inception Name of the DirectorDate of AppointmentDate of Cessation Shareholding of Directors Name of DirectorPre- SchemeNo. of shares issued under the SchemePost-Scheme shareholding% of total share capital Post-SchemeMr.V.Rajagopal10013,69,42313,69,42324.53Mrs.

  • Any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or indirectly, of securities of the Company representing thirty-five percent (35%)or more of the combined voting power of the Company’s then outstanding securities; · Change in Board of Directors.

  • Xxxxx, Xxesident EXHIBIT A Gentxxx Xxxmunications Announces Change in Board of Directors Salt Lake City, Utah -- Gentxxx Xxxmunications announced today that former Chief Executive Officer and President, Russxxx X.

  • Any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or indirectly, of securities of the Company representing twenty percent (20%) or more of either (i) the then outstanding shares of common stock of the Company or (ii) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors; Change in Board of Directors.

  • Any Person (as defined below) (other than any Beneficial Owner (as defined below) as of the date of this Agreement) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities; (ii) Change in Board of Directors.

  • Any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or indirectly, of securities of the Company representing thirty-five percent (35%)or more of the combined voting power of the Company’s then outstanding securities; Change in Board of Directors.

  • The following table sets forth details regarding the Board of Directors as on the date of this Information Memorandum: • Change in Board of Directors during the last three (3) years: Name of Directors • Change in Statutory Auditors during last three years: NILThere is no change in statutory auditors of the Company during last three years.• Bonus or Profit sharing Plan:Presently, there is no bonus or profit sharing plans in the Company.

  • Change in Board of Directors On June 29, 2023, at its Annual General Meeting, VEON shareholders approved the Board recommended slate of seven directors, including six directors currently serving on the Board – Augie Fabela, Yaroslav Glazunov, Andrei Gusev, Karen Linehan, Morten Lundal and Michiel Soeting – and Kaan Terzioğlu, the Chief Executive Officer (CEO) of the VEON Group.

Related to Change in Board of Directors

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

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

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

  • Board of Director or “Board” means the Board of Directors of Omaxe Limited, as constituted from time to time.

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

  • Board of Directors or Board means the Board of Directors of Prakash Steelage Limited, as constituted from time to time.

  • Parent Board means the board of directors of Parent.

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

  • Guarantor’s Board of Directors means, with respect to any Guarantor, either the board of directors of such Guarantor or any duly authorized committee of that board.

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

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • Board means the Board of Directors of the Company.

  • Nomination Committee means the nomination committee of the Board established in accordance with Article 114;

  • Compensation Committee means the Compensation Committee of the Board.

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

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

  • Executive Committee means a group of directors elected or appointed to act on behalf of, and within the powers granted to them by, the Commission.

  • Chairman of the Board means the Chairman of the Board of the Corporation.

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

  • Parent Board Recommendation has the meaning set forth in Section 5.12(a).

  • Independent Directors means the members of the Board of Directors who are not officers or employees of the Manager.

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

  • former Board means the Board of Reference constituted under Part IV of the former provisions;

  • Supervisory Board means the Supervisory Board of the Company.

  • Independent Board Committee means the independent board committee of the Company

  • Whole Board means the total number of authorized directors whether or not there exist any vacancies or unfilled seats in previously authorized directorships.