Director Nomination Right definition

Director Nomination Right means the right of Ma’aden (directly or through another Ma’aden Party) to nominate a Ma’aden Designated Nominee pursuant to Section 2.2.
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Director Nomination Right has the meaning assigned to such term in Section 2.01(a).
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Director Nomination Right means the right of a Principal Stockholder or Partial Rights Transferee to nominate one or more Directors in accordance with Section 2 of the Stockholder Agreement.
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Examples of Director Nomination Right in a sentence

  • At all times when the Preferred Stock Director Nomination Right Condition is satisfied, a vacancy in the office of the Preferred Stock Director (other than vacancies before the initial election and designation of the Preferred Stock Director) shall only be filled by the written consent of the Majority Holders and the Company shall cause such Preferred Stock Nominee to fill such resulting vacancy.

  • Director Nomination Right Virgin Enterprises is entitled to nominate one person to be a non-executive director of CYBG.

  • At such time as the Preferred Stock Director Nomination Right Condition is no longer satisfied, the Preferred Stock Director shall offer in writing to resign from the Board of Directors and any committees thereof effective as of a date within thirty (30) days after the first date that the Preferred Stock Director Nomination Right Condition is no longer satisfied, and, from and after such date, neither the Investors (nor their Permitted Transferees) shall have any rights under this Section 9(a).

  • The Company will, as promptly as practicable, take all necessary and desirable actions within its control (including, without limitation, calling special meetings of the Board and the stockholders), so that each director who was nominated by a Holder pursuant to a Director Nomination Right shall be removed as directed by the Holder entitled to nominate such director pursuant to Section 2 of the Stockholder Agreement.

  • Except as set forth in Section 2 of the Stockholder Agreement, the immediately preceding sentence shall be the exclusive means for a stockholder (other than a Principal Stockholder or Partial Rights Transferee pursuant to a Director Nomination Right) to make nominations (other than matters properly brought under Rule 14a-8 under the Exchange Act and included in the Company’s notice of meeting) before a special meeting of stockholders.

  • Except as provided for in Section 2 of the Stockholder Agreement, a vacancy created by any former director who was nominated by a Holder pursuant to a Director Nomination Right may, subject to applicable law, only be filled by a nominee of the Holder who was entitled to nominate such former director pursuant to the procedures set forth in Section 2 of the Stockholder Agreement.

  • Director Nomination Right Pursuant to the Investors’ Rights Agreement, the Board shall consist of eight directors whereby each of the Investors and the Founder shall be entitled to nominate one director, the Investors shall be entitled to collectively nominate two independent directors, and the Founder shall be entitled to nominate one independent director, subject to certain limitations set forth in the Investors’ Rights Agreement.

  • Except as provided for in Section 2 of the Stockholder Agreement, a director who was nominated by a Holder pursuant to a Director Nomination Right may only be removed at the direction of the Holder that was entitled to nominate such director pursuant to the terms of Section 2 of the Stockholder Agreement.

  • RMG and Each Investor that has a Director Nomination Right has the right to remove such Investor’s Nominee Director or RMG Nominee Director (as applicable), and the exclusive right to nominate a replacement nominee to fill any vacancy so created by such removal or resignation of such Nominee Director.

  • Except as provided for in Section 2 of the Stockholder Agreement and subject to applicable law, no director who was nominated by a Holder pursuant to a Director Nomination Right may be removed without the consent of the Holder who was entitled to nominate such individual as a director pursuant to the terms of Section 2 of the Stockholder Agreement and subject to applicable law.


More Definitions of Director Nomination Right

Director Nomination Right means, at any point in time, the right of an Investor, if any, to nominate a Nominee Director pursuant to Section 2.1(c) or Section 2.1(d), as applicable.
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Director Nomination Right shall have the meaning set forth in Section 2.1(a).
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Related to Director Nomination Right

  • 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.

  • 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:

  • 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 that person in a professional capacity; and

  • Series B Director means any director of the Company that the holders of record of the Series B Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.

  • Investor Nominee means a person designated for election to the Board of Directors by the Investor pursuant to the Investment Agreement.

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

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

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

  • 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.

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

  • 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;

  • Board Designee means an employee of the Board who has been given authority by the Board to carry out a function for the Board (e.g., the Clerk, Assistant Clerk of the Board, or hearing officer).

  • Investor Director means any Director designated or nominated for election to the Board by the Investor Shareholders pursuant to Section 2.1 of this Agreement.

  • 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.

  • Preferred Director means any director of the Company that the holders of record of the Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.

  • Series A Director means any director of the Company that the holders of record of the Series A Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.

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

  • Qualified Director means a person who, at the time action is to be taken under:

  • Lead Director means, at any given time, the lead, independent member (if any) elected as such by the Board and occupying such position.

  • Nonemployee Director Award means any Award granted to a Nonemployee Director.

  • Relevant Nominating Body means, in respect of a benchmark or screen rate (as applicable):

  • Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

  • Sponsor Director means an individual elected to the Board that has been nominated by the Sponsor pursuant to this Agreement.

  • Investor Designee means an individual nominated by the Board as a “Investor Designee” for election to the Board pursuant to Section 5.10(a), Section 5.10(d) or Section 5.10(e) of the Investment Agreement.

  • Independent Fund Director means an independent director of an investment company advised by Invesco.

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