Director Eligibility Criteria definition

Director Eligibility Criteria has the meaning assigned thereto in Section 2.1.

Director Eligibility Criteria shall have the meaning set forth in Section 8.1(c) (The Board of Directors).

Director Eligibility Criteria has the meaning ascribed thereto in Section 7.1(a).

Examples of Director Eligibility Criteria in a sentence

• The Corporation shall endorse and recommend the Board Designee for election to the Board so long as such Board Designee satisfies the Director Eligibility Criteria, and management of the Corporation will vote the Shares in respect of which management is granted a discretionary proxy in favour of the election of such Board Designees to the Board at every meeting of the shareholders of the Corporation at which the election of directors to the Board is considered.

• Each Shareholder shall vote for the appointment of the individuals nominated by the Founding Shareholders and the PublicCo Shareholder to be Directors in accordance with this Section 8.1(b), provided that each such individual satisfies the Director Eligibility Criteria.

• Each Full Member Director may at any time appoint an individual who meets the Director Eligibility Criteria to act as alternate Director when the Full Member Director is unavailable.

• In either case, the Shareholder that nominated such Director may nominate a replacement Director to fulfill the remaining term of the Director who has been removed or has resigned and each Shareholder shall vote in favor of the appointment of such replacement, provided that such individual satisfies the Director Eligibility Criteria.

• If any Board Designee nominated by the Shareholder is not validly elected at a meeting of the shareholders of the Corporation, the Corporation shall promptly cause to be appointed a replacement Board Designee nominated by the Shareholder who satisfies the Director Eligibility Criteria.

• For as long an Investor is entitled to propose an Investor Nominee for election as a Director of the Corporation, and provided that such Investor Nominee meets the Director Eligibility Criteria, the Investors hereby undertake to exercise all of the voting rights controlled by them and their affiliates in favour of the election of such Investor Nominee(s) as Director(s) of the Corporation.

• The Nomination Committee shall make its determination and recommendation regarding whether the applicable Nominee meets the Director Eligibility Criteria as promptly as practicable, and in any case within five (5) business days, after receiving notice from the Investor Parties regarding the proposed designation of such Nominee.

• Expert/Special Counsel Board Director Eligibility Criteria, Selection Process and TermFrom time to time, the IAAPA Board of Directors may have a need for an individual to provide the board expert guidance for a special project, oversee a strategic program, or manage a crisis situation.

• In the event the Nomination Committee does not accept a Nominee as a result of such Nominee failing to meet the Director Eligibility Criteria, the Investor Parties shall have the right to recommend an additional Nominee whose appointment shall be subject to the recommendation by the Nomination Committee in accordance with the procedures described above, and the Parties shall continue to follow the procedures of this Section 1(a) until an Investor Director is elected to the Board.

• In 2010, China Shipping Information (CSI), a website established by Zhejiang Shipping Market, started to collect information from shipping companies and crewing agencies every month and publish the average wages of seafarers in each rank and each of the three sectors: dry bulk shipping, tanker shipping, and container shipping.

More Definitions of Director Eligibility Criteria

Director Eligibility Criteria means the criteria set out in by-laws promulgated by the Board in relation to the eligibility of persons for election or appointment to the Board.

Director Eligibility Criteria shall have the meaning set forth in Section 8.1(c) (The Board of Directors). “Direct Transfer” shall mean a transfer, assignment, or other disposal of all or any part of an Ownership Interest. “Disallowed Development Costs” shall have the meaning set forth in Section 5.2(d) (Sale of PublicCo Acquisition Interest; Initial Public Offering). “Dispute” shall have the meaning set forth in Annex A (Dispute and Expert Resolution Procedures). “Dispute Committee” shall have the meaning set forth in Annex A (Dispute and Expert Resolution Procedures). “Dispute Resolution Procedures” shall mean the dispute and expert resolution procedures set forth in Annex A (Dispute and Expert Resolution Procedures). “Dissolution Event” shall have the meaning set forth in Section 20.1 (Dissolution). [***] “Dividend Policy” shall have the meaning set forth in Section 15.3 (Dividend and Shareholder Loan Repayment Policy). [***] Confidential treatment has been requested. The redacted material has been separately filed with the Commission. - 8 - “Dow” shall have the meaning set forth in the Preamble. “Dow Call Notice” shall mean a Notice delivered by the Saudi Aramco Founding Shareholder and / or the PublicCo Shareholder, where the Dow Founding Shareholder is the Defaulting Shareholder, requiring the determination of [***] in accordance with Annex D (Acquisition of Ownership Interests). “Dow Catalyst Supply Agreements” shall have the meaning set forth in Annex E (Key Project Agreements). “Dow Default Price” shall mean the price payable to the Dow Founding Shareholder for the Dow Founding Shareholder’s entire Ownership Interest pursuant to Section 18.2(b)(i) (Consequences of Events of Default) and shall be calculated as follows: [***] “Dow Engineering” shall mean Dow Engineering Company, a corporation organized and existing under the laws of the State of Delaware, United States of America. [***] [***] Confidential treatment has been requested. The redacted material has been separately filed with the Commission. - 9 - “Dow Founding Shareholder” shall mean: