Examples of Common Stock Director in a sentence
In cases when the procurement amount exceeds 1.5 million JPY and does not exceed 5.0 million JPY, the Procurement Departments may conduct vendor selection by the best value comparable analysis based on the price information, such as official quotation submitted from 2 or more vendors.
If the Common Stock Director shall cease to serve as a director for any reason, another director elected by the holders of the Common Stock shall replace such director.
Any Common Stock Director elected in accordance with the preceding sentence shall hold office for the remainder of the full term of the class of directors in which the vacancy occurred or to which the new directorship is apportioned, and until such director’s successor shall have been elected and qualified or until such director’s earlier death, resignation or removal.
The election of the Common Stock Director shall occur (i) at the annual meeting of holders of capital stock, (ii) at any special meeting of holders of capital stock if such meeting is called for the purpose of electing directors, (iii) at any special meeting of holders of Common Stock called by holders of a majority of the outstanding shares of Common Stock or (iv) by the written consent of holders of a majority of the outstanding shares of Common Stock.
If at any time when any share of Common Stock is outstanding the Common Stock Director should cease to be a Director for any reason, the vacancy shall only be filled by the vote or written consent of the holders of a majority of the outstanding shares of Common Stock, voting together as a single class, in the manner and on the basis specified above or as otherwise provided by law.
The holders of outstanding shares of Common Stock may, in their sole discretion, determine not to elect the Common Stock Director as provided herein from time to time, and during any such period the Board of Directors of the Corporation shall not be deemed unduly constituted solely as a result of such vacancy.
The Common Stock Director may be removed, with or without cause, and a replacement Common Stock Director may be elected in his stead, at any time by the affirmative vote at a meeting duly called for the purpose, or by written consent, of the holders of a majority of the outstanding Common Stock.
No person shall be qualified to serve as a Preferred Stock Director or a Common Stock Director unless nominated in accordance with this Section 5.3.
A Common Stock Director may only be removed by the vote of the holders of record of a majority of the outstanding shares of Common Stock.
The Common Stock Director shall be elected by the holders of a majority of the outstanding shares of Common Stock.