Designated Proxy Holder definition
Designated Proxy Holder means, with respect to a Key Holder or any trust receiving or holding a Key Holder’s shares, any natural person designated or approved by such Key Holder and not less than sixty-six and two-thirds percent (66-2/3%) of the directors then constituting the entire Board of Directors, to act as such Key Holder’s proxy and attorney-in-fact pursuant or, if there is no such designee, the members of the entire Board of Directors acting by majority vote.
Designated Proxy Holder means, with respect to a Founder, a person designated by such Founder and approved by the Board of Directors to act as such Founder’s proxy and attorney-in-fact or, if there is no such designee, the members of the Board of Directors acting by majority vote.
Designated Proxy Holder means, with respect to a Key Holder or any trust or other entity receiving or holding a Key Holder’s shares, any natural person designated or approved by such Key Holder to act as such Key Holder’s proxy and attorney-in-fact or, if there is no such designee, the members of the entire Board of Directors acting by majority vote.
More Definitions of Designated Proxy Holder
Designated Proxy Holder means, with respect to a holder of shares of Class C Common Stock, or any trust receiving or holding a holder’s shares of Class C Common Stock, a person or persons, with full power of substitution and re-substitution, selected by the members of the entire Board acting by majority vote to act as such holder’s proxy and attorney-in-fact.
Designated Proxy Holder means, with respect to a Founder, (i) a person designated by such Founder to act as such Founder’s proxy and attorney-in-fact with respect to Voting Control of the Corporation’s Class B Common Stock and approved by the Board of Directors, such approval not to be unreasonably withheld; (ii) a trust designated by such Founder to act as such Founder’s proxy and attorney-in-fact with respect to Voting Control of the Corporation’s Class B Common Stock and approved by the Board of Directors, such approval not to be unreasonably withheld; or (iii) if there is no such designee, the members of the Board of Directors acting by majority vote.