Incumbent Members definition
Incumbent Members means the members of the Board on the date immediately preceding the commencement of such twenty-four month period, provided that any person becoming a director during such twenty-four month period whose election or nomination for election was approved by a majority of the directors who, on the date of such election or nomination for election, comprised the Incumbent Members shall be considered one of the Incumbent Members in respect of such twenty-four month period;
Incumbent Members means the members of the Board on the date immediately preceding the commencement of a twelve-month period, provided that any person becoming a Director during such twelve-month period whose election or nomination for election was approved by a majority of the Directors who, on the date of such election or nomination for election, comprised the Incumbent Members shall be considered one of the Incumbent Members in respect of such twelve-month period.
Incumbent Members means the members of the Board of Directors of Acorn on the date immediately preceding the commencement of a twelve-month period, provided that any person becoming a Director during such twelve-month period whose election or nomination for election was approved by a majority of the Directors who, on the date of such election or nomination for election, comprised the Incumbent Members shall be considered one of the Incumbent Members in respect of such twelve-month period.
Examples of Incumbent Members in a sentence
The term "Incumbent Members" shall mean the members of the Board on the date immediately preceding the commencement of such twelve-month period, provided that any person becoming a director during such twelve-month period whose election or nomination for election was approved by a majority of the directors who, on the date of such election or nomination for election, comprised the Incumbent Members shall be considered one of the Incumbent Members in respect of such twelve-month period.
In addition to this, the Arbitrator shall have the right to call other parties as he deems necessary; e.g. immediate Supervisor, the Job Incumbent, Members of the Joint Evaluation Committee, Stewards, etc.
Executive shall have the right to waive a Change of Control based on a majority change of the Incumbent Members of the Board.
More Definitions of Incumbent Members
Incumbent Members with respect to any period, shall mean the members of the Board on the date immediately preceding the commencement of such period; provided, however, that any person becoming a member of the Board during such period whose election or nomination for election was supported by a majority of the Board members who, on the date of such election or nomination for election, comprised the Incumbent Members shall be considered one of the Incumbent Members with respect to such period.
Incumbent Members means the individuals who, as of the Grant Date, constitute the Board, provided, however, that any individual who becomes a member of the Board subsequent to the Grant Date whose election or nomination for election by the stockholders of the Company was endorsed by a vote of at least a majority of the then Incumbent Members (excluding any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of any person other than the Board) shall be considered as though such individual were an Incumbent Member.
Incumbent Members in respect of any thirty-six month period shall mean the members of the Board on the date immediately preceding the commencement of such thirty-six month period, provided that any person becoming a Director during such thirty-six month period whose election or nomination for election was supported by a majority of the Directors who, on the date of such election or nomination for election, comprised the Incumbent Members shall be considered one of the Incumbent Members in respect of such thirty-six month period.
Incumbent Members means (i) in respect of any twelve-month period, the members of the Board on the date immediately preceding the commencement of such twelve-month period, PROVIDED THAT any person becoming a Director during such twelve-month period whose election or nomination for election was supported by a majority of the Directors who, on the date of such election or nomination for election, comprised the Incumbent Members shall be considered one of the Incumbent Members in respect of such twelve-month period, and (ii) in respect of Clause (III) of Section 1(b)(iii), members of the Board on the date hereof, provided that any person (other than an Affiliate, Associate, nominee, representative or employee of any person (other than the Company) that is a party to a Business Combination) becoming a Director and whose election or nomination for election was supported by a majority of the Directors who, on the date of such election or nomination for election, comprised the Incumbent Members shall be considered one of the Incumbent Members.
Incumbent Members in respect of any twelve-month period, shall mean the members of the Board on the date immediately preceding the commencement of such twelve-month period, provided that any person becoming a Director during such twelve-month period whose election or nomination for election was supported by a majority of the Directors who, on the date of such election or nomination for election, comprised the Incumbent Members shall be considered one of the Incumbent Members in respect to such twelve-month period; or (c) the shareholders of the Company approve an agreement to merge or consolidate with or into another corporation ro an agreement to sell or otherwise dispose of all or substantially all of the Company's assets (including a plan of liquidation).
Incumbent Members means, with respect to any given 12-month period, the members of such Board of Directors on the date immediately preceding the commencement of such given 12-month period; provided, however, that any person who becomes a member of such Board of Directors during such given 12-month period whose election or appointment to such Board of Directors was approved by a vote of a majority of the members of such Board of Directors who, on the date of such election or appointment, comprised the Incumbent Members on the date of such vote shall be considered one of the Incumbent Members with respect to such 12-month period.
Incumbent Members means the individuals who, as of the Grant Date, constitute the Board, provided, however, that any individual who becomes a member of the Board subsequent to the Grant Date whose election or nomination for election by the stockholders of the Company was endorsed by a vote of at least a majority of the then Incumbent Members (excluding any such individual whose initial assumption of