Director Appointment Right definition

Director Appointment Right means, at any point in time, the right of an Investor, if any, to appoint a Nominee Director pursuant to Article 19.1 or Article 19.2, as applicable;
Sample 1Sample 2Sample 3
Director Appointment Right means, at any point in time, the right of an Investor, if any, to appoint a Nominee Director pursuant to Section 2.1(c) [or Section 2.1(d)], as applicable.
Sample 1

Examples of Director Appointment Right in a sentence

  • As at the date of this letter, the directors of the Offeror are Martin Hughes, Torquil Macnaughton and Steven Scott who are deemed to have been appointed by Tosca Penta LP Fund pursuant to the Director Appointment Right.

  • At this stage it is not expected that any other shareholder or group of shareholders would have the requisite percentage shareholding to be entitled to exercise the Director Appointment Right.

  • For so long as Cerium holds at least 19% of the total issued Share capital of the Company, Cerium will be entitled to nominate one director for appointment to the Board ( Director Appointment Right), subject to the Company being satisfied such person has appropriate commercial and professional experience to fulfil the role, is of good fame and character (as contemplated by the Listing Rules) and is otherwise satisfactory to the Board acting reasonably.

  • Director Appointment Right The articles of association of the Offeror include a right for any shareholder who holds 20 per cent.

  • After the end of the Offer Period, TIO will: review whether to exercise the Director Appointment Right to appoint a nominee director (whose identity is yet to be determined) to the Flinders Board; and request the Flinders Board to undertake the proposed reviews referred to in sections 7.3(d), 7.3(e) and 7.3(f).

  • The owners ofthe dry-cleaning shops have estimated the part of dry -cleaning per kilo that is carried out as chemical dry -cleaning.

  • For the avoidance of doubt, the Director Appointment Right may not cease and be reinstated in favour of the Subscriber more than once.

  • The Subscriber must procure that any director of the Company nominated by the Subscriber under clause6.1 resigns promptly if it ceases to have the Director Appointment Right and the Company makes such request in writing.

  • For the avoidance of doubt, the Director Appointment Right can be exercised more than once (to nominate a replacement for any previously nominated director, subject to the resignation of that incumbent director).

  • Upon the Director Appointment Right being exercised under clause6.1(a), the Company undertakes to appoint the Subscriber Nominee as an additional director (or to fill a casual vacancy) and to support the election or re-election of the Subscriber Nominee at each meeting of the shareholders.

Related to Director Appointment Right

  • Initial appointment means appointment made otherwise than by promotion or transfer;

  • Provisional appointment means the employment of a person to a vacant position for no more than a six-month period for emergency or in interim conditions. The General Manager may extend a provisional appointment for up to an additional six-month period.

  • New Director means an individual whose election by the Board or 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 either were directors at the Date of Grant or whose election or nomination for election was previously so approved or recommended. However, “New Director” shall not include a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation relating to the election of directors of the Company.

  • Restricted Appointment means (a) any Appointment for which the applicable Authorizations have not been obtained, and (b) any Appointment for which the maturity date of the applicable Corporate Trust Contract is on or before June 30, 2022.

  • Succeeded Appointment means any Appointment for which a Succession Time has occurred.

  • Probationary appointment means an appointment which is without continuing appointment status and which is neither a soft money nor non-renewable fixed length appointment. Probationary appointees may be removed subject to the provisions of this Article; Article 7,

  • Excluded Appointments means those Appointments designated from time to time as "Excluded Appointments" by agreement of the parties.

  • Power of appointment means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. The term does not include a power of attorney.

  • Letter of Appointment means the written communication by SAICA to the Contractor recording the acceptance by SAICA of Contractor’s bid subject to the further terms and conditions to be itemized in the contract;

  • Director Emeritus means a person serving as a director emeritus, advisory director, consulting director, or other similar position as may be appointed by the Board of Directors of the Savings Bank or the Company from time to time.

  • shadow director means, in relation to a company, any person in accordance with whose directions or instructions the directors of the company are accustomed to act, but the person is not deemed to be a shadow director by reason only that the directors act on advice given by him in a professional capacity; and

  • Appointment Date shall have the meaning specified in Section 9.02(a).

  • Appointed Director means a person appointed in accordance with these bylaws as an appointed director or appointed as a replacement director for an appointed director;

  • Alternate Director means a person elected or appointed to serve, as the occasion requires, as a member of the board of a company in substitution for a particular elected or appointed director of that company;

  • 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.

  • Independent Director means a director referred to in Section 149 (6) of the Companies Act, 2013.

  • Director Option means an Option granted pursuant to Section 6.

  • General power of appointment means a power of appointment exercisable in favor of the powerholder, the powerholder's estate, a creditor of the powerholder, or a creditor of the powerholder's estate.

  • Director Award means the grant of any Award (other than an Incentive Stock Option), whether granted singly, in combination, or in tandem, to a Participant who is a Director pursuant to such applicable terms, conditions, and limitations established by the Board.

  • Nonemployee Director means a Director who is not an Employee.

  • Employee Director means a member of the Board of Directors of the Company that is also an Employee of the Company.

  • Nomination and Remuneration Committee means a Committee of Board of Directors of the Company, constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the Listing Agreement.

  • Designated Director means a person designated by the RE to ensure overall compliance with the obligations imposed under chapter IV of the PML Act and the Rules and shall include: