Disinterested means disinterested within the meaning of any applicable regulatory requirements, including Rule 16b-3.
Disinterested means disinterested within the meaning of applicable regulatory requirements, including those promulgated under Section 16 of the Exchange Act.
Disinterested means that the person directly
Examples of Disinterested in a sentence
The indemnification provided by this Agreement shall not be deemed to be exclusive of any other rights to which the Indemnitee may be entitled under the Company’s Articles, any agreement, vote of shareholders or vote of Disinterested Directors, provisions of applicable law, or otherwise, both as to action or omission in the Indemnitee’s official capacity and as to action or omission in another capacity on behalf of the Company while holding such office.
More Definitions of Disinterested
Disinterested means a disinterested director or an "outside director" within the meaning of any mandatory legal or regulatory requirements, including Section 162(m) of the Code.
Disinterested means a director who is an "outside director" within the meaning of Section 162(m) and any applicable legal or regulatory requirements.
Disinterested means a person who will not be personally affected by the outcome of a panel hearing and none of whose relatives, significant other, students, coaches, or club mates will be affected by the outcome of a panel hearing. If all fencers who might be affected by a panel hearing agree, the disinterested requirements with respect to a club mate may be waived.
Disinterested means not having a Potential Conflict with respect to a transaction, contract, or arrangement being considered by the ANA.
Disinterested means a person who is not a party to a derivative proceeding or a person who is a party if the limited liability company demonstrates that the claim asserted against the person is frivolous or insubstantial. History: 1993, Act 23, Eff. June 1, 1993. 450.4513 Discontinued or settled derivative proceeding; court approval required; notice; expense. Sec. 513. A derivative proceeding may not be discontinued or settled without the court's approval. If the court determines that a proposed discontinuance or settlement will substantially affect the interests of members of the limited liability company, the court shall direct that notice be given to the members affected. If notice is directed to be given to the affected members, the court may determine whether 1 or more of the parties to the action shall bear the expense of giving the notice, in the amount as the court determines and finds to be reasonable under the circumstances. The amount of expense shall be awarded as special costs of the action and is recoverable in the same manner as statutory taxable costs. History: 1993, Act 23, Eff. June 1, 1993. 450.4514 Termination of derivative proceeding; court order. Sec. 514. If a derivative proceeding is terminated, the court may order 1 of the following:
Disinterested means disinterested within the meaning of any applicable regulatory requirements, including Rule 16b-3, as amended from time to time, as promulgated by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended from time to time.
Disinterested describes any individual, whether or not that individual is a director, Officer, employee or agent of the corporation, who is not and was not and is not threatened to be made a party to the Proceeding in respect of which indemnification, advancement of Expenses or other action is sought by a Covered Person.