Class B Directors definition
Examples of Class B Directors in a sentence
However, the relative ratio of the number of Class A Directors to Class B Directors shall always result in a majority of Class A Directors.
If the said member of the Company Board is also a member of the AK Board, the Class A Holders or, respectively, the Class B Holders, will cause the other Class A Directors or Class B Directors to vote in favour of the removal of such member of the AK Board.
If a consensus cannot be reached, then the Class A Directors or the Class B Directors shall have an alternating casting vote in accordance with Section 4.05 to resolve such Deadlock.
At the AK Board, save as otherwise provided in this Agreement or in the Conditions of Administration, the presence in person or by proxy of at least seven (7) members shall be necessary to constitute a quorum, and the affirmative vote of a majority of the members present or represented, including at least two (2) Class A Directors and two (2) Class B Directors, shall be required to pass valid resolutions.
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