Continuing Directors of the Company definition

Continuing Directors of the Company means with respect to any period of 12 consecutive months (i) any members of the Board of Directors of the Company on the first day of such period, (ii) any member of the Board of Directors of the Company elected after the first day of such period at any annual meeting of the shareholders who were nominated by the Board of Directors or a committee thereof, if a majority of the members of the Board of Directors or such Committee were Continuing Directors at the time of such nomination, and (iii) any members of the Board of Directors of the Company elected to succeed Continuing Directors of the Board of Directors or a committee thereof, if a majority of the members of the Board of Directors or such committee were Continuing Directors at the time of such election.
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Examples of Continuing Directors of the Company in a sentence

  • The Continuing Directors of the Company (as such term is defined in the Company’s Articles of Incorporation), voting separately as a subclass of the Company Board, unanimously adopted and approved this Agreement and the Merger pursuant to Section 13.2.2 of the Company’s Articles of Incorporation.

  • In the event Executive is terminated by the Company in connection with a Change in Control which is not approved by the Continuing Directors of the Company, Executive shall have no duty to mitigate the amount of the payment received pursuant to this Section 6(d), it being understood that Executive's acceptance of other employment shall not reduce the Company's obligations hereunder.

  • If the Company terminates Executive's employment for any reason in connection with a Change in Control which is not approved by the Continuing Directors of the Company, Executive shall receive from the Company in one lump sum, payable on the consummation of the Change in Control an amount equal to the Severance Payment, the Prior Bonus Payment and the Expense Reimbursement.

  • Without limiting the generality or effect of the foregoing, this Agreement may be supplemented or amended to provide for such voting powers for the Rights and such procedures for the exercise thereof, if any, as the Continuing Directors of the Company may determine to be appropriate.

  • The Repurchase Offer shall remain open from the time of mailing until 10 Business Days thereafter, and no longer, unless a longer period is required by law or stock exchange rule or unless a majority of the Continuing Directors of the Company votes in favor of extending such period (the date on which the Repurchase Offer closes being the "Repurchase Date").

  • Subject to Section 23 hereof, any such election by a majority of the Continuing Directors of the Company must be made and publicly announced within thirty (30) days after the date on which the event described in Section 11(a)(ii) occurs.

  • Support Worker Supervision of VolunteersSupport workers are required to support and supervise volunteers when they are involved in supporting participants.

  • Section 3.3(a) of the Company Disclosure Schedule sets forth a list of the Continuing Directors of the Company as of the date of this Agreement and the date of the Continuing Director Recommendation.

  • In the event Executive is terminated by the Company in connection with a Change in Control which is not approved by the Continuing Directors of the Company, Executive shall have no duty to mitigate the amount of the payment received pursuant to this Section 6(d), it being understood that Executive's acceptance of other employment shall not reduce the Company’s obligations hereunder.

  • If on any such date no such market maker is making a market in the Rights, the fair value of the Rights on such date as determined in good faith by the Continuing Directors of the Company shall be used.

Related to Continuing Directors of the Company

  • Continuing Directors means, as of any date of determination, any member of the Board of Directors of the Company who (i) was a member of such Board of Directors on the date of this Indenture or (ii) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board at the time of such nomination or election.

  • Continuing Director means, with respect to any Person as of any date of determination, any member of the board of directors of such Person who (a) was a member of such board of directors on the Closing Date, or (b) was nominated for election or elected to such board of directors with the approval of a majority of the Continuing Directors who were members of such board at the time of such nomination or election.

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

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

  • 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;

  • Parent Board means the board of directors of Parent.

  • New Directors means any director whose election by the Board or whose nomination for election by the Company's stockholders was approved by a vote of at least two-thirds of the directors then still in office who were Present Directors or New Directors.

  • 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.

  • Management Board means the management board of the Company.

  • Medical Board means the board of physicians as provided by this chapter.

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

  • Series A Directors means the directors of the Company that have been solely designated by the holders of record of the Series A Preferred Stock pursuant to the Certificate of Incorporation, the Stockholders Agreement or otherwise.

  • Retirement board or "board" means the retirement system's governing board provided for in 2-15-1010.

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

  • 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.

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

  • School board means the governing board of directors of the local school district.

  • Disinterested Board Members means those members of the Board of a Fund that are not deemed to be "interested persons" of the Fund, as defined by the Act.

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

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

  • Board means the Board of Directors of the Company.

  • Managing Directors means Mrs Maria Chr. van der Sluijs-Plantz, Mrs Thérèse F.C. Wijnen and Mr Hubertus P.C. Mourits or such other person(s) who may be appointed as Managing Director(s) of the Issuer from time to time.

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

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