Future Director definition

Future Director means any director who became a member of the Company's Board of Directors less than 180 days prior to such redemption, modification or termination.
Sample 1
Future Director means (a) any director who is an Acquiring Person, or an Affiliate or Associate of an Acquiring Person, or an employee, director, representative, nominee or designee of any Acquiring Person or of any such Affiliate or Associate, (b) any director who was not a member of the Board of Directors immediately prior to the time any Person becomes an Acquiring Person, or (c) any director who is elected to the Board of Directors as a result of a proxy or consent solicitation or similar shareholder initiative if any participant in such initiative has stated (or a majority of the Board of Directors has determined in good faith) that such participant (or its Affiliates or Associates) intends to take, or may consider taking, any action that would result in (i) that person becoming an Acquiring Person or (ii) a merger, consolidation, or sale of a majority of the assets or voting power of the Company which would cause a Trigger Event or any person becoming a Principal Party; PROVIDED, HOWEVER, that in each case any such director shall no longer be deemed to be a Future Director at the expiration of 180 days after the date such director was elected to the Board of Directors.
Sample 1
Future Director shall have the meaning set forth in SECTION 5.16 hereof.
Sample 1

Examples of Future Director in a sentence

  • Nigel Simms, Interim Building Schools for the Future Director, Children and Young People Learning Services gave an update on the progress made on the new school at the Orchard Hill Queen Mary’s site.

  • Our Future Director was appointed by the Board.No Board members received compensation or other benefits in relation to cessation.

  • AP5 – Future Director of Development reports to include an update on contingency / disaster planning.

  • This programme is intended to assist Ministers to do that by providing, over time, a pipeline of qualified and experienced people of all genders, ethnicities, age and backgrounds who are ready to step into director roles.The Future Director position is not a Minister appointed role and is not considered by the Cabinet Appointments and Honours Committee.

  • On 1 February 2020, Spark NZ appointed Ana Wight as a Future Director under the Future Director Directors programme run by the New Zealand Institute of Directors, for a period of 12 months.The programme gives talented young people with an interest in corporate governance the opportunity to observe and participate in Boardroom discussions.

  • Future Director recruitment Consider next steps AC confirmed there are currently 3 vacancies.CEO has identified 2 people for governance which would bring a difference to development.

  • PRIMARY SCHOOL EXPANSION Nigel Simms, Building Schools for the Future Director, updated the Committee about primary school expansions and in particular the expansion of Dorchester Road Primary School.

  • This includes, but is not limited to, suspension, expulsion, and manifestation determination for review forchildren with disabilities.

  • Liz Zhu, IOD Future Director, was farewelled as her term finished in September 2022.

  • Auckland Airport participates in the Institute of Directors’ Future Director programme.


More Definitions of Future Director

Future Director shall have the meaning set forth in Section 11(d)(i) hereof; "Nasdaq" shall have the meaning set forth in Section 11(d)(i) hereof; "Principal Party" shall have the meaning set forth in Section 13(b) hereof; "Purchase Price" shall have the meaning set forth in Section 4(a) hereof, "Record Date" shall have the meaning set forth in the preamble; "Redemption Price" shall have the meaning set forth in Section 23(a)(i) hereof, "Rights" shall have the meaning set forth in the preamble; "Rights Agent" shall have the meaning set forth in the preamble; "Rights Certificates" shall have the meaning set forth in Section 3(a) hereof; "Spread" shall have the meaning set forth in Section 11(a)(iii) hereof; "Substitution Period" shall have the meaning set forth in Section 11(a)(iii) hereof "Summary of Rights" shall have the meaning set forth in Section 3(b) hereof, and "Trading Day" shall have the meaning set forth in Section 11(d)(i) hereof. Any determination required by the definitions contained in this Section 1 shall be made by the Board in their good faith judgment, which determination shall be final and binding on the Rights Agent.
Sample 1
Future Director means (i) any director of the Corporation who is an Acquiring Person or an Affiliate or Associate of an Acquiring Person or a representative or nominee of an Acquiring Person or of any such Affiliate or Associate or (ii) any director of the Company who was not a member of the Board of Directors of the Corporation immediately prior to the time any Person becomes an Acquiring Person; PROVIDED, HOWEVER, that (y) any such director shall not be deemed to be a Future Director if his nomination for election or his election to the Board of Directors of the Corporation was recommended, approved or ratified by a majority of the Continuing Directors after the time such Acquiring Person became an Acquiring Person and (z) any such director shall no longer be deemed to be a Future Director at the expiration of 180 days from the later of (A) the date such Acquiring Person became an Acquiring Person and (B) the date such director was elected to the Board of Directors of the Corporation.”
Sample 1
Future Director means any director who is not a Continuing Director." 3. The last sentence of Section 11.1.3 is hereby amended and restated to read in its entirety as follows: "For a period of 180 days following a Trigger Event, actions by the Company pursuant to this Section 11.1.3 shall be approved by the vote of a majority of the Continuing Directors, and no Future Director shall be entitled to vote with respect to such action. Thereafter, such actions shall be approved by the vote of a majority of the Board of Directors." 4. The last sentence of Section 11.4.1 of the Rights Agreement is hereby amended and restated in its entirety to read as follows: "If the Security is not publicly held or not so listed or traded, or if on any such date the Security is not so quoted and no such market maker is making a market in the Security, "current per share market price" shall mean the fair value per share as determined in good faith (i) by the Board of Directors of the Company if at the time of determination there is no Acquiring Person, (ii) if at the time of determination there is an Acquiring Person, for a period of 180 days following a Trigger Event, by a majority of the Continuing Directors, or (iii) if there are no Continuing Directors or if the 180 day period following a Trigger Event has expired, by a nationally recognized investment banking firm selected by the Board of Directors, which shall have the duty to make such determination in a reasonable and objective manner, whose determination shall be described in a statement filed with the Rights Agent and shall be conclusive for all purposes." 5. The penultimate sentence of Section 11.4.2 of the Rights Agreement is hereby amended and restated in its entirety to read as follows: "If on any such date neither the Common Shares nor the Preferred Shares are so quoted and no such market maker is making a market in either the Common Shares or the Preferred Shares, "current per share market price" of the Preferred Shares shall mean the fair value per share as determined in good faith (i) by the Board of Directors of the Company if at the time of determination there is no Acquiring Person, (ii) if at the time of determination there is an Acquiring Person, for a period of 180 days following a Trigger Event, by a majority of the Continuing Directors, or (iii) if there are no Continuing Directors or if the 180 day period following a Trigger Event has expired, by a nationally recognized investment banking firm selected by the Board of...
Sample 1
Future Director means (a) any director who is an Acquiring Person, or an Affiliate or Associate of an Acquiring Person, or an
Sample 1

Related to Future Director

  • Alternate Director means a person elected or appointed to serve, as the occasion requires, as a member of the board of a company in substitution for a particular elected or appointed director of that company;

  • New Director means an individual whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the Date of Grant or whose election or nomination for election was previously so approved or recommended. However, “New Director” shall not include a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation relating to the election of directors of the Company.

  • Employee Director means a member of the Board of Directors of the Company that is also an Employee of the Company.

  • shadow director means, in relation to a company, any person in accordance with whose directions or instructions the directors of the company are accustomed to act, but the person is not deemed to be a shadow director by reason only that the directors act on advice given by that person in a professional capacity; and

  • Associate Director means the associate director of the

  • Management Director means a Person selected in accordance with Article IV of this Agreement who shall have the powers and duties to manage the business and affairs of the Company and exercise its powers to the extent set forth in this Agreement, the Certificate and the Act. Each Management Director shall be a “manager” of the Company within the meaning of the Act.

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

  • 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.

  • Advisory Board Member means a member of an “Advisory Board” as defined in Section 2(a)(1) of the 1940 Act.

  • Director Emeritus means a person serving as a director emeritus, advisory director, consulting director, or other similar position as may be appointed by the Board of Directors of the Savings Bank or the Company from time to time.

  • Inside Director means a Director who is an Employee.

  • Director means a member of the Board.

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

  • Deputy Director means the Deputy Director of the Authority, as the case may be.

  • Athletic director means an individual responsible for administering the overall athletic program of an educational institution or, if an educational institution has separately administered athletic programs for male students and female students, the athletic program for males or the athletic program for females, as appropriate.

  • Board Member means a member of the Board.

  • Executive Director means the executive director of the

  • relevant director means any director or former director of the company or an associated company;

  • 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.

  • Lead Director means, at any given time, the lead, independent member (if any) elected as such by the Board and occupying such position.

  • Board Chair means the chair of the Board;

  • State Director means the chief administrative officer of the State water pollution control agency, or the authorized representative of the State Director.

  • the Director means the Director of the IMO International Maritime Law Institute;

  • Non-Executive Director Means any director who is not an Executive Director.

  • Public Director means a Person that meets the qualifications described in Rule 207(e).

  • Non-Management Director means any Person selected in accordance with Article IV of this Agreement who is not a Management Director.