Examples of Exchange Director Nominating Member in a sentence
As described above, TD Ameritrade’s right to nominate an Exchange Director was transferred to Schwab in connection with the Schwab-TD Ameritrade Combination, resulting in TD Ameritrade no longer being an Exchange Director Nominating Member.
Under R.C. 4928.143(F), whether an electric security plan “resulted in excessive earnings” is measured by whether the earned return on common equity of the electric distribution utility is significantly in excess of the return on common equity that was earned during the same period by publicly traded companies, including utilities, that face comparable business and financial risk, with such adjustments for capital structure as may be appropriate.
The term “Exchange Director” refers to a member of the Exchange Board nominated by an Exchange Director Nominating Member.
The Exchange notes that the absence of a definition for a Class A Member thatis neither a Nominating Class A Membernor an Exchange Director Nominating Member is consistent with the current Holdco LLC Agreement, which omits definitions for certain of such Class A Members.Deletion of the Definition of TD AmeritradeThe Holdco LLC Agreement currently defines TD Ameritrade to include references that such entity is a Nominating Class A Member and an Exchange Director Nominating Member.
Accordingly, the Exchange proposes to amend the definition of Exchange Director Nominating Member to replace the references to E*Trade and TD Ameritrade with references to Morgan Stanley and Schwab, respectively, to reflect that each of Morgan Stanley and Schwab now has the right to nominate an Exchange Director (in addition to Virtu, which remains as the third Exchange Director Nominating Member).
Each of these proposed amendments is discussed below.Amendment to the Definition of Exchange Director Nominating Member The Holdco LLC Agreement currently defines the term Exchange Director Nominating Member10 to mean each of E*Trade, TD Ameritrade, and Virtu,11 as each of those entities had the right to nominate an Exchange Director as of the Fourth Amended LLC Agreement Effective Date.
It does indeed specify certain mandatory documents explicitly.However, in other areas it is more vague and, in practice, other documents are commonly demanded, including certain items which provide the auditors with evidence or proof that the ISMS is operating.
Also includes 13,324 shares owned by Mr. Kardos' children and 6,340 shares owned by trusts as to which Mr. Kardos' children are trustees; with regard to these shares as to which Mr. Kardos' children are beneficial owners, Mr. Kardos shares voting and dispositive power with his children.
The Holdco LLC Agreement currently defines TD Ameritrade to include a reference that such entity is an Exchange Director Nominating Member (i.e., has the right to nominate a 12 See Section 1.1 of the Holdco LLC Agreement for the current definition of E*Trade.
As noted above, the absence of a definition for a Class A Member that is neither a Nominating Class A Member nor an Exchange Director Nominating Member is consistent with the current Holdco LLC Agreement, which omits definitions for certain of such Class A Members.Amendment to the Definition of Retail Broker Class A MemberThe Holdco LLC Agreement currently defines Retail Broker Class A Member to include references to E*Trade and TD Ameritrade.