Founders Directors definition

Founders Directors means each of the Directors who were appointed or nominated to the Board by the Founders pursuant to, and in accordance with, Section 2.1.

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Founders Directors means the directors nominated on the Board by the Founders directly or Shriram Holdings as representatives of the Founders;

Founders Directors shall have the meaning set forth in Clause 5(b)(i);

Examples of Founders Directors in a sentence

• For so long as the Founders Group holds a number of Shares representing at least seven and one-half percent (7.5%) of the Shares then issued and outstanding, the Founders Directors shall have the right to designate the Chairperson of the Board.

• Each of the Company, the Founders, the Growth Investors and the Sponsor agree and acknowledge that the Founders Directors, the Growth Investors Directors and the Sponsor Director may share, on a need-to-know basis, confidential, non-public information about the Company and its Subsidiaries with the Founders, Crescera, Inovabra, the Sponsor, and their Representatives, respectively.

• Percon shall at all times have the right to recommend the removal, with or without cause, of the Percon Directors; the Founders and the Founders Directors shall have the right to recommend the removal, with or without cause, of any Founders Director; and Summit and the Summit Directors shall have the right to recommend the removal, with or without cause, of any Summit Directors.

• Notwithstanding the foregoing, the ▇▇▇▇▇▇ Group and/or the ▇▇▇▇▇▇ Director shall at all times have the right to recommend the removal, with or without cause, of any ▇▇▇▇▇▇ Director; Skye and/or the Skye Director shall at all times have the right to recommend the removal, with or without cause, of the Skye Director; and the Founders Group and the Founders Directors shall have the right to recommend the removal, with or without cause, of any Founders Directors.

• The initial Founders Directors designated for nomination pursuant to Section 1(c) shall initially be ▇▇▇▇▇▇▇▇ ▇.

• At least half of the members of any such committee shall be comprised of Founders Directors, provided, that if the Board creates an executive committee, one member of such committee must be a Percon Director.

• With respect to the Founders Directors, the ▇▇▇▇▇▇ Director and the Skye Director, each holder of Shares agrees not to take any action or to cause the Company to take such action to remove, with or without cause, such director of the Company.

• Notwithstanding the foregoing, Percon shall at all times have the right to recommend the removal, with or without cause, of any of the Percon Directors; the Founders and the Founders Directors shall have the right to recommend the removal, with or without cause, of any Founders Director; and Summit and the Summit Directors shall at all times have the right to recommend the removal, with or without cause, of any Summit Director.

• The CFO will be appointed to the Board as a Founders Director in addition to the three (3) Founders Directors nominated by the Founders Holdco under Section 3.1.

• Such Founders' Directors shall initially be ▇▇▇▇ ▇▇▇▇▇▇▇ ▇'▇▇▇▇, ▇▇▇▇ Ajnsztajn, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇.

More Definitions of Founders Directors

Founders Directors has the meaning set forth in Section 3.1 hereof.