Continuing Members definition

Continuing Members means, as of any date of determination, any member of the Board of Directors who (a) was a member of such Board of Directors immediately after consummation of the Merger and the Merger Financing or (b) was nominated for election or elected to such Board of Directors with the approval of, or whose election to the Board of Directors was ratified by, at least a majority of the Continuing Members who were members of such Board of Directors at the time of such nomination or election or was proposed by DLJ Merchant Banking funds.

Continuing Members is defined in the preamble to this LLC Agreement.

Examples of Continuing Members in a sentence

The period of review for Tenured and Continuing Members is the previous two (2) calendar years, covering activities from the end of the last period of review or from the date of appointment, whichever is later.
Each of the Continuing Members and PubCo agree to promptly take all actions required to make such filing under the HSR Act and the filing fee for such filing shall be paid by the Company.
The Continuing Members and the Company are party to an agreement dated …………………… 2018 (Members Agreement) which regulates their membership of the Company and sets out their respective rights and obligations as Members.
A total number of Salary Points (SP) equal to the number of Probationary, Term and Continuing Members (converted to Full-Time equivalents) multiplied by 1.70 shall be distributed in each.
For the avoidance of doubt, in the event of a subdivision or combination referred to in Section 4.1(i)(i) or Section 4(i)(ii), the number of shares of Class V Common Stock to which a Continuing Member shall be entitled upon vesting of its Restricted Common Units shall equal the number of Restricted Common Units held by the Continuing Members as a result of such subdivision or combination that have converted into Common Units.

Continuing Members means any member of the governing body of the Company (i) who was a member of such governing body on the Effective Date or (ii) whose nomination for election or election to such governing body was approved by a majority of the members who were either members of such governing body on the Effective Date or whose nomination or election was previously so approved.

Continuing Members means, as of any date of determination, any member of the board of directors of the Corporation who:

Continuing Members means a member of the Board who either (a) was a member of the Board on the day before the Closing or (b) became a member of the Board after the day before the Closing and whose election or nomination for election was approved by a vote of the majority of the Continuing Members then members of the Board.

Continuing Members has the meaning set forth in the preamble to this Agreement.

Continuing Members means, any member of the governing body of the Borrower who (i) was a member of such governing body on the Closing Date or (ii) was nominated for election or elected to such governing body with the affirmative vote of a majority of the members who were either members of such governing body on the Closing Date or whose nomination or election was previously so approved.

Continuing Members with respect to the board of directors or other governing body of a Person on any date of determination, the persons who were members of such board of directors or other governing body on the Closing Date, together with each person who, on the date of determination, is a member of such board of directors or other governing body whose nomination for election to such board of directors or other governing body was recommended by a majority of the persons who were Continuing Members of such board of directors or other governing body at the time of such nomination.

Continuing Members means the members of RSL Queensland as at the date of adoption of this Constitution;