Examples of Class B Director in a sentence
The holders of Class A shares shall have the right to nominate two Directors (Class A Directors) and the holders of Class B shares shall have the right to nominate one Director (Class B Director).
The Ex-Officio Director shall serve as a Class B Director by virtue of the office held.
Any Class B Director who retires from active employment or whose employment circumstances change materially from those in effect at the time of his or her election or re-election as a director shall submit promptly to the chairperson of the Corporate Governance and Nominating Committee an offer of resignation from the Board of Directors.
In the absence of any designation from the Persons or groups with the right to designate a Class A Director or Class B Director as specified above, the Director previously designated by them and then serving shall be reelected if still eligible and willing to serve as provided herein and otherwise, such Board seat shall remain vacant.
Any Class B Director may be removed, with or without cause, by action of the Corporate Member.