Former Director definition

Former Director has the meaning set forth in Section 2.1(b) of this Agreement.

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Former Director. ’ means a person who was a director of the Manager or any subsidiary of the Trust in the last 12 months;

Former Director means the Director of Environmental Management holding office under section 18 of the former Act immediately before the commencement day.

Examples of Former Director in a sentence

• The Former Director served on the Board of Directors of the Company; The Former Director holds shares of the Company’s common stock and stock options exercisable for shares of the Company’s common stock; and The Former Director and the Company desire to settle fully and finally all matters between them, including any matters that may have arisen out of Former Director’s service on the Board of Directors and his employment with the Company and his separation therefrom.

• Alternatively, at the election of the Former Director and with the consent of the Board, the Company may retain from the Option Shares that number of shares having a fair market value on the date of exercise (as determined by the Board in its sole discretion) equal to the option price of the number of Option Shares for which the Option is being exercised.

• Former Director understands that this Agreement includes a full and final release covering all known and unknown, suspected or unsuspected injuries, debts, claims or damages which have arisen or may have arisen from any matters, acts, omissions or dealings released herein.

• Former Director assumes this risk and understands that this Agreement shall apply to any such losses and claims.

• The Company hereby grants the Former Director the Option to purchase all or any part of an aggregate of 1,500 shares of Common Stock (the "Option Shares") on the terms and conditions set forth herein.

More Definitions of Former Director

Former Director means, with respect to a determination contemplated by this Agreement made following a Change in Control, a Person who was a member of the Company's board of directors prior to such Change in Control but who is no longer serving on the Company's board of directors as of the time of such determination. An "Indemnification Event" shall be deemed to have occurred if Indemnitee was or is or becomes, or is threatened to be made, a party to or witness or other participant in, or was or is or becomes obligated to furnish or furnishes documents in response to a subpoena or otherwise in connection with, any Proceeding by reason of the fact that Indemnitee is or was or may be deemed a director, officer, employee, controlling person, agent or fiduciary of any Covered Entity, or by reason of any action or inaction on the part of Indemnitee while serving in any such capacity (including, without limitation, rendering any written statement that is a Required Statement or is made to another officer or employee of the Covered Entity to support a Required Statement).

Former Director means Peter Boddy;

Former Director means a person who, immediately before the transfer day –

Former Director former director of the Company who has resigned within 12 months preceding the date of announcement

Former Director means any director of NuTool who shall have ceased serving as director on or after the date on which this Merger Agreement was approved by the NuTool Board of Directors.

Former Director means the person named in Part 2 of Schedule 3, who is a former director of the Company and/or of a related corporation of the Company;

Former Director means the person appointed as Director pursuant to this Act before the coming into force of this section and includes any person appointed as Deputy Director pursuant to this Act before the coming into force of this section.