Independence Standard definition

Independence Standard means the standard of independence necessary for a director to qualify as an “Independent Director” as such term (or any replacement term) is used under the rules and listing standards of Nasdaq as such rules and listing standards may be amended from time to time.
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Examples of Independence Standard in a sentence

  • In the event of any vacancy for any reason in any Board seat reserved for Independent Directors, a majority vote of the Independent Directors then in office shall have the sole right to nominate another individual to serve as an Independent Director, so long as he or she complies with the Independence Standard, and such new director, when appointed or elected, shall be an Independent Director for purposes of this Agreement.

  • The Company has adopted in its Bylaws, to be compliant with the Independence Standard set out by either the Nasdaq National Market (“NASDAQ”) or the New York Stock Exchange (“NYSE”) if the common share of the Company is listed on either of this national exchange.

  • This statement shall be consistent with Independence Standard Board Standard #1.

  • The outside auditors shall submit to the corporation annually a formal written statement delineating all relationships between the outside auditors and the corporation ("Statement as to Independence"), addressing at least the matters set forth in Independence Standard No. 1 of the Independence Standards Board.

  • In connection with this assessment, the Committee shall obtain and review a report by the independent auditor describing all relationships between the independent auditor and the Company, including the disclosures required by the Independence Standard Boards Standard No. 1.

  • Xxxxxx fail to meet any Independence Standard as of the Closing, such individual shall not be appointed to the Contura Board.

  • Is Contingent Upon The Board’s Determination That He Is “Independent” With Respect To The Company, In Accordance With The Listing Requirements Of The Nasdaq And Nyse American Stock Exchanges, And That His Appointment May Be Terminated By The Company In The Event That The Director Does Not Maintain Such Independence Standard.

  • The Audit Committee should receive the written disclosure and the letter from the outside auditor required by Independence Standard Board Standard No 1, as it may be modified or supplemented from time to time, and discuss with the outside auditor, such auditor's independence.

  • In the event that the Independence Standard is not met by the deadline, the Note’s Rate (as defined in the Note) shall increase by two percent (2%) until the Independence Standard is met.

  • Lushefski, Xxxxxx and Xxxxxx would fail to meet any Independence Standard as of the date of this Agreement.

Related to Independence Standard

  • Service Standards means the set of Service Measures, Service Levels, Service Guarantees, service performance reporting measures and frequency of reporting as set out in schedule 1;

  • Reliability Standard means a requirement to provide for reliable operation of the bulk power system, including without limiting the foregoing requirements for the operation of existing bulk power system facilities, including cybersecurity protection, and the design of planned additions or modifications to such facilities to the extent necessary for reliable operation of the bulk power system, but shall not include any requirement to enlarge bulk power system facilities or to construct new transmission capacity or generation capacity.

  • Service Level Standards has the meaning ascribed thereto in Section 2.1 hereof.

  • Performance Standards or “PS” shall mean the cleanup levels and other measures of achievement of the remedial action objectives, as set forth in the ROD.

  • Quality Management System means a set of interrelated or interacting elements that organisations use to direct and control how quality policies are implemented and quality objectives are achieved;

  • Roster ’ means a list of persons quali- fied to provide services as neutrals.

  • Performance Standard means the acceptable range of performance for a Performance Indicator or a Service Volume that results when a Performance Corridor is applied to a Performance Target.

  • Credentialing means the process of collecting, assessing, and validating qualifications and other relevant information pertaining to a health care provider to determine eligibility and to deliver Covered Services.

  • Reliability Standards means the criteria, standards, rules and requirements relating to reliability established by a Standards Authority.

  • Design Standards means the standards developed as a requirement of the Programmatic Agreement

  • Quality system means documented organizational procedures and policies: internal audits of those policies and procedures: management review and recommendation for quality improvement.”

  • Change Management means the add-on module to the Programs that enables engineers to define network changes through one or more configuration templates. Those network changes can be applied to multiple devices and executed/rolled back automatically. The Change Management module enables engineers to verify the impact of the changes across the network to help ensure a safer change process.

  • Standard Operating Procedures or “SOP” means the procedures as specified in the Annexes or Attachments to the relevant Schedules;

  • Procurement Guidelines means the “Guidelines: Procurement under IBRD Loans and XXX Credits” published by the Bank in May 2004 and revised in October, 2006.

  • Service Levels means the service levels to be met by the Services as referenced in the Contract Letter and set out in the Specification Schedule.

  • Renewable Energy Standard means the minimum renewable energy capacity portfolio, if applicable, and the renewable energy credit portfolio required to be achieved under section 28 or former section 27.

  • Service Specifications means the following documents, as applicable to the Services under Your order:

  • Service Specification means and include detailed description, statements to technical data, performance characteristics, and standards (Indian as well as) as applicable and as specified in the Contract as well as those specifications relating to Industry standards and codes applicable to the performance of the work, work performance quality and the specifications affecting the works or any additional specification required to be produced by the DCO to meet the design criteria.

  • Standards means: a) any standards published by BSI British Standards, the National Standards Body of the United Kingdom, the International Organisation for Standardisation or other reputable or equivalent bodies (and their successor bodies) that a skilled and experienced operator in the same type of industry or business sector as the Supplier would reasonably and ordinarily be expected to comply with; b) any standards detailed in the specification in Framework Schedule 2 (Goods and/or Services and Key Performance Indicators); c) any standards detailed by the Contracting Body in the Call Off Agreement following a Further Competition Procedure or agreed between the Parties from time to time; d) any relevant Government codes of practice and guidance applicable from time to time.

  • Standard operating procedure means a formal written procedure offi- cially adopted by the plant owner or operator and available on a routine basis to those persons responsible for carrying out the procedure.

  • Standard Specifications means a compilation in book form of specifica- tions approved for general application and repetitive use;

  • Architectural services means those services described as the "practice of architecture," as defined in K.S.A. 74-7003, and amendments thereto.

  • Design Guidelines means the Fernkloof Estate architectural design guidelines to control all aspects of design and landscaping of any development within the Fernkloof Estate dev elopment, as amended from time to t ime in terms of the constitution of the MPOA or as required by the Council , a copy of the current draft which i s av ailable for inspection at the offices of the Association;

  • Professional Services means those services within the scope of the practice of architecture, professional engineering, landscape architecture, or registered surveying and mapping, as defined by the laws of Florida, or those services performed by any architect, professional engineer, landscape architect, or registered surveyor and mapper, in connection with the firm's or individual's professional employment or practice.