Director Term definition

Director Term means the period starting immediately following the annual meeting of the shareholders at which directors are elected to serve on the Board and ending at the close of the next annual meeting at which directors are elected.
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Director Term means a term of office as a Director:
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Director Term means the period starting with the annual meeting of the stockholders at which directors are elected to serve on the Board and ending with the next annual meeting at which directors are elected.
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Examples of Director Term in a sentence

  • An Outside Director who is re-elected to the Board shall be subject to a new Outside Director Term Limit.

  • On the first day of the Director Term in 2004 and in each subsequent year prior to the Plan Termination Date (each of which shall be the Award Date), there shall be granted automatically (without any action by the Board or the Committee) to each Nonmanagement Director then in office a Nonqualified Stock Option to purchase 4,000 shares of Common Stock.

  • Any Nonmanagement Director appointed or elected to office during a Director Term shall be granted automatically (without any action by the Board or the Committee) a Nonqualified Stock Option (the Award Date of which shall be the date such person takes office) to purchase the nearest whole number of shares of Common Stock equal to 4,000 multiplied by the number of partial or full calendar months remaining in the Director Term in which the Award is granted divided by 12.

  • Following the initial award described in Section 6.2(a), on the first day of each Director Term for each Nonmanagement Director (which shall be the Award Date) each year prior to the Plan Termination Date, there shall be granted automatically (without any action by the Board, the Nonmanagement Board or the Committee) to each such Nonmanagement Director then in office a Nonqualified Stock Option to purchase 4000 shares of Common Stock.

  • Director Term Limits and Other Mechanisms of Board RenewalThe Company has not adopted term limits or other mechanisms for Board renewal.

  • If an Outside Director is not elected at an annual meeting of stockholders, but instead begins his/her term after an annual meeting of stockholders, such partial term period shall not be used in determining the Outside Director Term Limit.Any director may resign at any time upon notice to the Corporation in writing or by electronic transmission.

  • An Outside Director who has (a) reached the Outside Director Term Limit or (b) served on the Board for a period less than the Outside Director Term Limit, but who has resigned from the Board, shall be eligible to stand for election one year from the date their last term on the Board ended.During this one year waiting period, the director may serve as an advisory director to the Board.

  • Director Term Limits and Other Mechanisms of Board Renewal The Company does not impose term limits on its directors as it takes the view that term limits are an arbitrary mechanism for removing directors which can result in valuable, experienced directors being forced to leave the Board solely because of length of service.

  • An NMD Participant who is elected or appointed to the Board for a complete Director Term after the first year of the cycle shall vest on the day before each subsequent annual meeting of the stockholders during the remainder of the cycle (if he or she is a member of the Board on such date) as to the number of shares of Restricted Stock in which such NMD Participant would have vested on such date if such NMD Participant had been granted an Award at the beginning of the cycle.

  • Any Nonmanagement Director appointed or elected to office during a Director Term shall be granted automatically (without any action by the Board, the Nonmanagement Board or the Committee) a Nonqualified Stock Option (the Award Date of which shall be the date such person takes office) to purchase the nearest whole number of shares of Common Stock equal to 4000 multiplied by the number of partial or full calendar months (not to exceed 12) remaining in such Director Term divided by 12.


More Definitions of Director Term

Director Term means the time between an annual general meeting and the immediate next annual general meeting thereafter;
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Director Term means the time between when the Director is elected and/or appointed and the end of that Director’s term.
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Director Term shall have the meaning assigned to such term in Section 5.2(b).
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Director Term means the time between an annual general meeting and the second annual general meeting thereafter;
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Director Term means the time between an annual general meeting
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Related to Director Term

  • (1) DIRECTOR.—The term Director’ means

  • (2) DIRECTOR.—The term Director’ means

  • Nomination Period means a period of time that Customer includes in a nomination for gas service.

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

  • 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.

  • Annual Retainer for a particular Director means the retainer (including any additional amounts payable for serving as lead Director or on any committee of the Board), payable to that Director for serving as a Director for the relevant Remuneration Period, as determined by the Board;

  • Program Director means an individual who has complete responsibility for the day to day function of the program. The Program Director is the highest level of decision making at a local, program level.

  • 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:

  • 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.

  • Initial Term has the meaning set forth in Section 7.1.